Retirement income on the house
Asset rich and income poor is the dilemma faced by many retirees. But there may be opportunities to boost your income in retirement by tapping into your biggest asset – your home.
Retirement
Is $1m enough to retire?
A million dollars is a figure that’s often cited as the amount you need to retire. But while $1 million doesn’t go as far as it used to – it only goes slightly above the median house price in Sydney – for many people it still sounds like an impossibly large amount of money to save.
Redefining retirement beyond a ‘life after work’
Nesh Nikolic speaks with Peter Graham about the realities of retirement, the danger of boredom, and how we can prepare emotionally for retirement.
3 golden rules that make saving for retirement easier
If you’ve thought about how much money you need to save so you can retire comfortably, it might feel a little daunting. Maybe so much so, you’d rather not think about it at all.
Considerations when downsizing your home
If you’re thinking of downsizing your home before or during retirement, there are a number of factors to think about, from super contributions to Age Pension entitlements.
Ways to help reduce your debts before you retire
As your working life draws to a close, your social life and recreational activities don’t have to. If you’re anxious about money still owing, here are some helpful hints.
Understanding the Age Pension income and assets test
Understanding how the age pension works, if you’re eligible, and how much you could receive can help you plan in the lead up to retirement.
Boost your super in the lead up to retirement
As you approach retirement, it could be a good idea to consider giving your super a boost.
Preserving retirement savings during COVID-19
Investment markets globally are experiencing significant volatility as economies around the world try to navigate the unchartered waters of the COVID-19. If you’re approaching retirement this volatility can be a source of anxiety, and it can be difficult to understand what a person can do to protect their nest egg.
Planning for healthcare costs in retirement
We all hope that when we retire we’ll have the time to focus on being as healthy as possible. But unexpected issues and illnesses arise, with recent research estimating that an Australian couple will spend an annual cost of between $4,975 and $9,900 on healthcare once they’ve said goodbye to the workforce.