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I am 64, turning 65 next March.
I would like to retire but do not have very much ready cash. I still work full time and am currently salary sacrificing $100.00 per f/n which I have only just started.
I own my home(duplex) which is valued at about 650.000, some shares about $20.000 and super around $65.000. Apart from selling my home is there any other way I can organize my finances better??
31 August 2015 |
Thanks for your question, apart from the sale of your home, you can look at how to increase your salary sacrifice amounts to super before you finish work. This will increase the amount of funds that would be available to supply you income when you retire.
Alternatively you could consider working part time and transitioning to retirement. This would reduce the amount you draw from your assets and potentially increase the longevity of your savings.
All the best.