Do I have to downsize my home for retirement?

If you’re thinking about downsizing your home to fund your retirement, find out what options are available.

Of course, there may be benefits of moving to a smaller place. You might be able to reduce or pay off your home loan, get rid of some clutter and there is likely to be less cleaning and gardening. But don’t assume that moving to another property is guaranteed to give you more cash to live on.

Before you put the ‘for sale’ sign up, get a few different estimates on what your house is worth. Then think about why you want to move and what you’re hoping to achieve.

Some things to consider

Download the full article for more information: key things to consider and options that may be available to you.

Retirement planning can be a complex area and there may be tax or Age Pension implications which you need to be aware of before making any decisions. Contact us to discuss your retirement plan today.