The five types of tenancy in a retirement village
When looking into buying an independent living unit in a retirement village, there are lots of things to consider – cost, choosing the contract that most suits the buyer’s situation and the tenancy. Here are the following types of tenancy, which the buyer will be…
How this financial adviser saved a client $20,000 a year in move from retirement living to aged care
Making the move from retirement living into residential aged care can be hard for you and your family. Shaun Ganguly, a financial planner from Aged Care Financial Planning and Retirement Village Financial Advice, said it is critically important to seek professional advice. You need to…
Did you know that you don’t own your super assets?
For many people approaching retirement, superannuation is their second biggest asset after the family home. But what happens if you pass away before using all of your superannuation? Most people think if they have made a valid Will, it governs all the personal assets you…
The benefit of having a DMF in your retirement village contract
People considering moving into retirement living will be met by the “Deferred Management Fee” for the first time in their lives. The words can be a cause of concern if they are new to you, but the use of the Deferred Management Fee (DMF) is…
What you need to do before signing a contract to enter a retirement village
If you want to live in a retirement village or a land lease community, you are given a contract to sign with the village operator. However, the Retirement Living Council – a dedicated national division of the Property Council of Australia – advise the following:…
What does snoring really mean?
Snoring can badly affect a relationship but is it actually a sign that it is affecting your health? A lot of people wave it off as an issue their partner has to deal with, or move into the spare bedroom. But is snoring signifying a…
If you own a home in Australia, how much do you need to retire?
As people approach retirement, thoughts and conversations can centre around how much is needed to have a comfortable lifestyle throughout their later years. Self-funded and pension-funded retirees have the same thoughts and wonder if it is better to be self-funded, or to rely on the…
How much is needed to retire in 2023?
The perfect retirement looks different to everyone, but what people do have in common is the need to have some sort of plan in place. Vanguard’s ‘How Australia Retires’ report found that young Australians are quite confident about their retirement plans but that confidence continues…
Exploring government support options
Many people think that there is no support prior to reaching the age when they are able to apply for the Age Pension, but fortunately, that isn’t the case. Similarly, self-funded retirees are not aware that there may be options that you can access, regardless…
Thinking of being a grey nomad?
Many people think of hitting the road when they retire, however, the initial investment can frighten some away from the thought. RACQ Financial Wellbeing’s Jess Colquhoun said planning ahead for travel could help reduce costs in retirement. “Retirement looks different for everyone, but if you…