Living in retirement

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.

Retirement is becoming obsolete, says ageing advocate

Take control of your working life and let your experience work for you: Marcus Riley.

How we can create neighbourhoods to support ageing in place

How we plan for ageing populations and older people is an issue that has been neglected.

What we can learn from aged care in Asian countries

Asian countries do aged care differently. Here's what we can learn from them.

The strategy that is combating loneliness – and poverty

Many older Australians forced to rent are open to sharing living spaces.

The surrogate ‘grandchildren’

The collaboration that enriched Molly and Jim's lives.

Survey reveals critical factor in retirees’ confidence

Survey reveals how retirees are coping with the effects of poor share market performance.

Retirement ‘types’ – which one are you?

Coach Jon Glass says there are four broad retirement ‘types' and outlines their challenges.

Affluents cruise, Cash-Strapped bear brunt of increases

Fires and drought have biggest impact on March quarter costs.

Millennials shine in survey, while boomers appear self-absorbed?

Survey shines a light on the differences between the generations as pandemic rages.

Five compelling reasons to keep your life insurance policy after you retire

Are you sure that you don't need your life insurance policy any more?

What seniors want instead of retirement villages and how to achieve it

Seniors want adaptable housing and neighbourhoods that help them as they age.

Retirees could face financial ruin due to COVID-19 crisis

Government assistance is only good if people can access it.

1 2 3 4 5 6 9 10

OUR PARTNERS

household capital

TOP STORIES

Back to Top

Login to reply

Click to Hide Advanced Floating Content

New Report

Close