July is a great time to look forward and to set some new financial year resolutions, especially if you’re getting close to retirement age.
Cash up, not out
If you keep up with the national news or watch the ABC, you probably heard last month’s kerfuffle in which a joint Four Corners and Fairfax Media investigation shone the spotlight on the retirement village industry.
The investigation claimed older Australians who chose to live in a retirement village were subjected to complex contracts and high exit fees.
One thing many do not know is that not all “retirement” villages are created equal.
That’s because some operators in the over 50s independent living sector offer homes within a village environment – complete with landscaped common gardens and leisure facilities – but WITHOUT the expensive exit fees!
Ditch the financial ballast
With the cost of living rising, those of us over 50 need to consider what we need to afford a comfortable retirement.
The Association of Superannuation Funds of Australia estimates a couple who currently owns their own home and wants a modest lifestyle when retiring at 65 will need $668 a week. A single female will need $465 a week.
Whilst selling the family home can be a challenging prospect, it can also be an opportunity!
Downsize and upsize at once
What if there was a way of having it all? Sell the family home, move into a newly built home in a gated community, put cash in your pocket AND have access to a pool and leisure facilities?
Affordable lifestyle communities for over 50s DO exist and without the expensive exit fees or complicated contracts.
It IS possible to downsize your home and upsize your lifestyle and your finances at the same time!
Talk to the lifestyle advisers at Nature’s Edge Buderim, where you can live in a secure, gated community in a brand new, eco-friendly, architect designed home, without the exit fees.
A new stage of homes has just been released, so pop in for a look. Nature’s Edge Buderim, 25 Owen Creek Rd, Forest Glen.
Sales office open Monday to Friday 9am – 5pm, Saturday 10am – 4pm, Sunday 10am – 3pm.
Call 1800 218 898; email firstname.lastname@example.org or visit naturesedgebuderim.com.au