This is perhaps the best time to look at your financial situation and act to pay off your mortgage faster. In Australia, interest rates are at an all-time low. The quicker you pay your home loan, the faster you’ll be debt-free as you enjoy your retirement. Consider the following as a guide on where to … Continued
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Ideally, a lifetime income should last the rest of your retirement years, in spite of how much you’re bringing in. So where does it go? In relation to budgeting, it’s easier to target the obvious, such as your bought lunches or takeaway coffees. However, it can be tough to maintain if you feel deprived on … Continued
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Keeping track of your superannuation is vital not only for your future retirement but also to help in managing what you’ve got for contributions, insurance within your super, investments, and any paperwork involved. Find out more info and tips to get to know your super. Find your lost superannuation When you lose track of your … Continued
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Superannuation, or simply ‘super’, is a system designed to set aside a percentage of your income into a super fund for your financial needs in retirement. This can be a combination of your voluntary contributions and your employer’s contributions, or superannuation guarantee (SG). Here are some guidelines in getting to know your superannuation. How does … Continued
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Reverse mortgage loans are in higher demand as Australian seniors look into borrowing against their home equity. Here are things to know if you plan to acquire this type of loan. Australian seniors have been scrambling for income as the pandemic continues. They are looking into alternative solutions to access cash, such as early access … Continued
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A Reverse Mortgage Loan is designed to provide funds to people 60 and over by unlocking some of their home equity. With a reverse mortgage loan, you can continue to live in and own your home for a more comfortable retirement. Reverse Mortgage Loan Usage Debt Consolidation — Allows you to unlock some equity in … Continued
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If you’re considering a reverse mortgage, it pays to know which is a myth and a fact. Here are 7 most common myths on reverse mortgage. Reverse Mortgage comes with varied notions and opinions. From the financial product met with hostility, to it being seen as a solution to a problem, particularly to elevate a … Continued
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Reverse mortgage and home reversion are two equity release options seniors can consider when transitioning into retirement. Here are their similarities and differences. Although downsizing can be a good option for seniors when transitioning into retirement, knowing about various forms of equity release can also be beneficial. Another option that comes up and sometimes gets … Continued
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As seniors live longer, the number of Australians aged between 65 and 84 is likely to more than double, according to ASIC. An extension of one’s retirement life corresponds to a more reliable source of income and how it can be utilised. It’s probable to see an increase in demand for seniors equity loan products. … Continued
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