If you’re like many Australians, retirement is something sitting over the hill – you can see the slight bump on the road ahead, but haven’t taken real action to plan a proper route. It’s been enough to know that your superannuation is growing quietly in the background. Whether it’s going to see you through the twilight years (or not) isn’t something you’ve addressed yet.
You may still have a way to go until this stage of life, but if you’re one of the many Australians turning 50 this year, alarm bells may be ringing.
You’re in an environment where proposed pension cuts have suddenly become of interest, the rules around superannuation may be changing and there doesn’t seem to be a lot of solid ground.
So what if you were to find out that by investing in property over the next 10 years, you could reap the rewards in the future as your chickens come home to roost? Without rushing straight out and buying them all at once, it’s possible to build a strategic portfolio containing at least 5 residential investments over that period of time.
As they grow in value, you can continue to purchase using the equity from one to fund another. And of course, you need to know how much you’ll want in retirement. You can click here and read another blog post on how much is enough for retirement.
There’s no need to feel that it’s too late for some careful and strategic retirement planning – help is at hand!
Is retirement just over the horizon? What strategies do you have in place? Please let me know your thoughts in the comments.
Until next time,
From the desk of Christine.