When the government’s Retirement Income Review examined superannuation, the Age Pension and voluntary savings, home ownership had a surprisingly important role.
If your super account is not as big as you would like when you retire, one solution could be to look to your home as a way to generate some extra money – and that doesn’t necessarily mean you need to become an Airbnb host.
Tracey Spicer talks to Dr Sarah Sinclair from RMIT about home equity release products for retirees, such as reverse mortgages and the Pension Loans Scheme.
The Great Australian Dream of home ownership is about more than a roof over your head, it has a big role to play in retirement planning.
Most retired Australians are at least as well off in retirement as they were while working, but not all. The huge exception is retirees who do not own their own homes.
Older Aussies looking to boost their retirement income can take advantage of the government’s Pension Loans Scheme to generate a non taxable fortnightly income stream that helps pay their bills.
While we are strong believers that super is, well, super, we appreciate there is also a place for retirement savings held outside super. In this article, we explain when and why.
It’s often said that location is everything where property is concerned, but it also makes a big difference to how far your money stretches in retirement.
To help you get your head around whether or not the First Home Super Saver (FHSS) Scheme is for you, check out our 10-point guide.
For some retirees, selling the family home can also be a great way to release built-up equity and make an extra contribution to their super account.