Downsizers Maximising their Finances with Road Map to Retirement Events

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Downsizers looking to understand their retirement living options, the legal implications of contracts and how the recent pension changes may have affected them have flocked to our most recent Road Map to Retirement seminar Port Stephens Nelson Bay Golf Club.

Author, finance expert and government advisor Rachel Lane guided guests through the tips to downsizing and unlocking equity.

Attendees also heard from Martin Checketts, partner at Mills Oakley law firm. As an experienced advisor on the legal implications of contracts with retirement villages and aged care providers, Mr Checketts provided guests with a comprehensive overview of their legal rights on their downsizing journey.

High tea and refreshments were provided for guests who then had the opportunity to see first-hand the benefits of downsizing to maximise a more active lifestyle.

If you’re in Victoria, and can make your way to our next seminar on Wednesday 11th October, click here for the event details.

The Road Map to Retirement seminar will explore:

  • Different ownership models in retirement and lifestyle communities
  • Impacts on pension entitlement and eligibility for rent assistance
  • Legal implications and contractual differences
  • Benefits of freeing up equity from within your home

Over 55s finance expert and author Rachel Lane said now is an opportune time for seniors to re-evaluate their finances and think about what lifestyle changes could better prepare them for the future.

With home ownership viewed as an investment for the future, for some pensioners, downsizing the family home could be a crucial factor to free up much needed funds and retain financial independence.

“A lot of people look at downsizing to either a land lease community or retirement village, however, they are distinctively different and can be hard to compare,” Ms Lane said.

The seminar will also be an opportunity for guests to find out about Ingenia Lifestyle Lara, an innovative over 55s lifestyle-focused land lease community, just 20 minutes from Geelong. Call Zoe Ilich-Paul on 0436 653 793 to book your spot – places are limited!