I would be making sure I had NO debt at all and a bit of a nest egg and take it from there.

IMO it is not worth trying to upsize and downsize and worry about such things -- every time you buy a home you pay through the nose for stamp duty -- so not really saving much --just get fully out of debt

See a financial adviser who will know all of the answers. We did that prior to retirement and were put on a good path to get the benefits of some super and some pension. Each of us is different in what we own and the way we want to live in retirement, there is no "one size fits all" answer.

It would be irresponsible for anyone here to give you the advice you are asking for. We know only what you have written and that may well not be the whole story.

Without full facts there can be no advice. You need to see a financial advisor to talk through your options and then you need to carefully consider the pros and cons of each before making the decision that is best for you and your specific circumstances. Taking time to 'get it right' now will save a lot of tears in the future.

Igot out of dept the first thing i did was pay my home off, i wont be sleeping under a bridge this year,my car is 9 years old hopefully that will last for another 9 yrs my furniture i bought new 8yrs ago same as washing machine,dryer so i dont keep up with the joneses i didnt get financial advice as i did not have that amount of money but with that amount i would look at geting it

Igot out of dept the first thing i did was pay my home off, i wont be sleeping under a bridge this year,my car is 9 years old hopefully that will last for another 9 yrs my furniture i bought new 8yrs ago same as washing machine,dryer so i dont keep up with the joneses i didnt get financial advice as i did not have that amount of money but with that amount i would look at geting it

steve cook, here's some good advice.

Posters above have recomended that you see a "financial advisor." They have good intentions but also a lack knowledge. Please do not see a "financial advisor" but seek out a Financial Planner you can work with. The Financial Planning Association of Australia has a list of University Qualified Registered Practicing Planners. But do continue to ask questions prior to your first meeting with your Planner.

Steve Cook, as much as it pains me to say this, the twit in the blue prison garb is right. You are better off seeing a Financial Planner. A planner is a more specific type of financial advisor. There is a difference between the two.

The important thng is you have to be careful what type of planner you require for your needs. My advice, see an advisor first to get a general idea, then seek out a couple of planners who know their stuff ( yep, who are also members of the Financial Planning Association). Take it all home, spend some time studying what they give you, then decide which one to go with, ask opinions from trusted friends too.

Any moment a red hairy omnivore will come in to create a rumpus. Please lose no time in reporting the beast.

see centrelink and FIS officers there.  I ahve dealth with a few incompetent financial planners who are no longer with their firms.  the rpoyal commission pointed out that many are mediocre.  understand clearly waht the fis officer is telling you as planners may not uderstand centrelink issues.  the finacial advisers have even less standards .  read the royal commission findings in the press to see the extent of the problem.

the fis officers are not biased.