One estimate from the Association of Superannuation Funds of Australia Retirement Standard says an annual income of $56,000 is needed to give a home-owning couple a comfortable retirement. Read Story
Chris Prior points to enormous capital reserves that many seniors fail to utilise. Read Story
Buying a home in a retirement village is one solution to a long, comfortable old age. But will it be enough? Read Story
When you buy into a village, you enter a contract to live in the village. You do not buy the house itself. This is because, unlike normal property development, you are also contracting with the village builder to stay on and operate the village for the next 30-plus years,. Read Story
The financial concept behind a village community is that you are joining a co-operative where all residents share the costs of running the community. Read Story
Considering the alternatives of staying in the family home and moving to a village community requires examination of not only the financial benefits of each, but also the quality of life aspects as well. Factors to consider are: Read Story