Retirement

Six essential things to consider before downsizing your home

Six essential things to consider before downsizing your home

If you are considering downsizing your home, it’s likely you are getting close to retirement or are already retired.

This is a smart strategy to explore and could well be the best decision, but it isn’t always and as with every financial decision, should be planned. Property decisions in particular should be planned as it is very expensive to buy and sell.

To help with the decision we’ve outlined the 6 essential considerations of downsizing.

Planning the ownership of your last home before retirement

Planning the ownership of your last home before retirement

Home ownership has been a much-debated topic recently through numerous media outlets.

Although the broader debate is about how hard it is for Gen Ys and Millennials to be able to buy their first home, through this article I’d like to highlight the importance of owning your own home outright before entering into retirement. I was recently interviewed by The New Daily to provide some tips for pre-retirees and retirees to consider for the ownership of their last home.

Is Centrelink in your retirement plan? Get the benefits you deserve.

Is Centrelink in your retirement plan? Get the benefits you deserve.

Over the past 10 years the rules to Centrelink have changed considerably. They are set to change again in January 2017 (read our article 'Changes to the Age Pension rules — will you be affected?' on this change), however many people nearing retirement don’t understand how Centrelink may fit into their retirement plan.

Case Study: Planning for Centrelink & Re-contribution Strategy

Case Study: Planning for Centrelink & Re-contribution Strategy

The following is a case study of clients we helped transition into retirement by providing clarity around how their financial position could look in retirement, along with analysing options on how they could structure their assets for their retirement. Ultimately, this lead to eligibility to the Centrelink Age Pension and a reduction in estate taxes to any non dependent beneficiaries.