Owning your own home has long been the Australian dream but after years of strong house price growth it’s becoming less of a reality for many. This has major implications for retirement planning.
Retirement villages: look beyond the brochure
They are marketed as being the optimum lifestyle choice for recent retirees, often in ideal locations with all the facilities for a stress free lifestyle. But with complex fee structures and inconsistent regulation, retirement village living should be approached with caution.
Time to review transition to retirement pensions
Amid the major reforms to superannuation that took effect on 1 July, some significant changes to the tax treatment of your Transition to Retirement Pension (TTR) may have flown under the radar. Some individuals will be affected more than others
Busting the $1 million retirement myth
It’s often been mentioned that $1 million or more in superannuation savings is needed to live a comfortable retirement. This is a daunting figure for most of us and, unsurprisingly, has many Australians concerned about the kind of retirement lifestyle they have to look forward to.
How to make retirement less taxing
Planning your retirement isn’t just about what you are going to do once you stop work. It’s also about planning the actual process to make the most of your accumulated wealth. This includes tax planning.