The Age
·general
·2 hours ago
Couple considers selling $710,000 home to fund retirement without superannuation
A 71-year-old couple with no superannuation and $12,000 in savings are considering selling their $710,000 home. They debate between downsizing to a $550,000 apartment or investing proceeds in liquid assets while renting. As non-homeowners, they can retain age pension eligibility with assessable assets up to $1.34 million, making either option financially viable.
Summary by Glance · The Age
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