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.

What should you do to protect your retirement savings?

Noel Whittaker looks at what action you should take to protect your retirement savings.

Retirement video battle: Aussies up the ante

Homeowners of the Ocean Club Resort have upped the ante.

Funding aged care – home care versus residential

Case studies in June's example compare cost of home vs residential care.

Noni Hazlehurst on acting, life and not retiring

Noni Hazlehurst isn't afraid to tell it like it is and we're only too happy to listen.

Calls for fairness in the retirement housing sector

Gerard Brody looks at the issues facing retirement village residents.

Why don't we like or appreciate older people?

If living longer is the goal, why do we not appreciate more those who achieve it?

Time to face the reality of debt in retirement

Many retirees are unaware that they need to jump out of their pot of debt.

What needs to be done to stop age discrimination?

As Age Discrimination Commissioner, Susan Ryan is across the issues that older Australians are

Have you every considered living overseas?

If you've considered living overseas then maybe the Philippines is for you.

Most retirees have modest spending habits regardless of income

New research has found that the expenditure levels for most retirees is similar.

Standard of retirement living for baby boomers on the decline

Baby boomers are claiming lower levels of financial comfort in retirement.

Would you retire in a high-density home?

A Singapore architect says Australia should explore high-rise housing for retirees.

1 2 5 6 7 8 9 10 11



Back to Top