THE JIGSAW PUZZLE OF RETIREMENT has many pieces. Finding the center piece will be a different journey for you than it will be for me, for various reasons and circumstances.
Speak to some financial experts and your retirement strategy’s rocket fuel lies in super. We’re often told there’s no better gift than compound interest – the earlier you start fuelling the super engine, the bigger the present. Super must play a significant hand in retirement and this feature shows you how.
However, other experts will tell you that retirement strategies begin and end with your home. But with more retirees having mortgages, we explore what is realistic and can be achieved. This can also include using your home as part of your super strategy or for investment purposes.
Finally, Covid-19 has presented us with an investment dilemma.
While Aussies are more bullish with their investments on the road to recovery, they’re also likely to take on more risk and this will set an interesting platform for future retirees – inside or outside of super.
If you still have a mortgage, there’s no need to worry
PROPERTY
Darren Snyder
While more of us are holding a mortgage between the ages of 55 and 64 than in decades past, that’s not the institute’s biggest concern. What’s more worrying is the level of debt we’re carrying into retirement.
This story is from the October 2020 edition of Money Magazine Australia.
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This story is from the October 2020 edition of Money Magazine Australia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
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