Downsize your home, not your lifestyle

Wouldn’t it be nice if we could spend the later years of our lives in retirement living the lifestyle we want?

 

You could be travelling, dinning out, or just simply spending more time doing the things you always wanted to do but never had the time. Once you reach retirement age, if you can, you deserve to enjoy the remainder of your life with an improved lifestyle.

For many people, selling the family home and downsizing can be the best way to achieve this outcome. You can do this by turning your oversized empty nest into your financial nest egg.

If you are over 65 years of age there are many ways you can benefit financially with the proceeds from the sale of your home. You may be able to contribute as much as $600,000 to your super*. You should seek the advice of your

financial advisor regarding after tax contributions to your super using proceeds from the sale of your family home.1motional issues to consider and work through. The decision to make any kind of change becomes even harder as we get older. Involve your family so they can help and support you through this difficult time.

 

If you are over 65 years of age there are many ways you can benefit financially with the proceeds from the sale of your home

 

Life’s too short, don’t put it on hold! Change is inevitable. Spend some time to research and explore the prospects of a better lifestyle and make the move now while you are healthy and you can both enjoy it.

*Although Hudson Bond can provide you with information and advice that can assist you with the sale of your home, we are not financial planners and as such we are not authorized to give you financial planning advice. For financial advice you should talk to your financial planner or accountant.

Photo by Kristina Tamašauskaitė on Unsplash

About The Author
Paul Kounnas

Paul Kounnas

For nearly 40 years, Paul Kounnas has been helping people buy and sell property in and around the Manningham area. In 1993 Paul established Hudson Bond Real Estate and he is recognised as one of the most respected, prominent and knowledgeable members of his profession. A licensed Real Estate Agent and member of the REIV and the International Real Estate Federation (FIABCI), Paul provides regular expert advice and information on all matters relating to real estate.

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