Living in retirement

living

Retirement is not just a time of change in your work and finances, but also where and how you live. Where you live in retirement can greatly affect whether or not you view this life stage as successful.

While it’s difficult to predict what the future will hold, carefully considering your options sooner rather than later may stop you from making a hasty decision you’ll regret.

The need or decision to change the type of house you live in, or where that home is located can be driven by different factors. Do you want to move closer to family or is staying near your established social network more important? Have you always dreamed of a sea or tree change? Or maybe spending extended periods on the road is more your thing? Where you want to live is the first decision you need to make.

If you decide to stay in your own home, you should consider:

- Can you afford to maintain your home?
- Do you need to access the equity in your home by selling or utilising an equity release product?
- How long will your home suit your physical needs?
- Is it too big too enjoy?

Should you decide that moving would be in your best interests, you should consider:

- Which services you need to be close to.
- How accessible is public transport?
- Should you move sooner rather than later?
- How close are you to family and friends?

While many Australians are happy to stay in their own homes as they age, a growing number are considering their future needs. This can result in moving into a retirement village, and one that may have access to low level aged care without having to move again.

A day in the life of Max

A day in the life of Max

A day in the life of Max

Max Williams shares a day in the life of a real-life retiree.

Top Stories

  1. Why can I barely afford a paper?
  1. Five unexpected retirement expenses
  1. Don’t get caught out in a caravan
  1. The landscape of retirement
  1. Free guide to retirement living

Retirees share their journeys

Retirees share their journeys

Retirees share their journeys

We asked for your stories if you were finding life as a retiree challenging.

Website lifts lid on village fees

Website lifts lid on village fees

Website lifts lid on village fees

Greater transparency for retirement village contracts may be around the corner.

Best places to retire for health

Best places to retire for health

Best places to retire for health

You don’t have to compromise on wellbeing to retire to a better climate.

Surprising new retirement trend

older people painting activity

Surprising new retirement trend

Survey reveals that more older Australians are choosing to live in retirement villages.

Join YOURLifeChoices, it’s free

  • Receive our daily enewsletter
  • Enter competitions
  • Comment on articles

you might also be interested in...

How to budget (in retirement)

Are you brave enough to follow Kaye Fallick’s formula to save?

Why the rich live longer

The sad truth that income and occupation control your longevity.

Is a reverse mortgage for you?

Reverse mortgages may become more popular as a means to fund retirement.

Could annuities save your retirement?

Many Australians may turn to annuities as a way to fund their retirement income.

Retirement: the risk is all yours

The risk of funding retirement income has well and truly shifted – and now it’s all yours.