On this episode of the Friends With Money Podcast, we delve into how the family home can play a critical role in retirement planning for older Australians

Money's Vanessa Walker chats with Telstra Super's Rebecca Cheevers and Sophie McRae about downsizing contributions, the impact of selling your home on pension entitlements, and strategies for couples where one partner is still working.

They also explore the benefits and drawbacks of reverse mortgages and the Home Equity Access Scheme for retirees.

00:15 Exploring the role of the family home in retirement

01:00 Downsizing and super contributions

03:34 Impact on age pension and financial strategies

05:54 Home equity access schemes and reverse mortgages

07:56 Using the family home for aged care

#friendswithmoney #vanessawalker #rebeccacheevers #sophiemcrae #familyhome

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*Proudly brought to you by Telstra Super

Disclaimer:

Rebecca Cheevers and Sophie McRae are financial advisers with Telstra Super Financial Planning Pty Ltd ABN 74 097 777 725 AFS Licence No. 218705. TelstraSuper Financial Planning provides financial advice service to members of TelstraSuper ABN 85 502 108 833. Telstra Super Pty Ltd ABN 86 007 422 522 is the trustee of TelstraSuper and wholly owns TelstraSuper Financial Planning. Advice that Rebecca or Sophie gives is of a general nature and does not take into account the particular circumstances or needs of any specific person and because of that, you should consider your own circumstances before acting on any advice . Additionally, the scenarios discussed are based on the relevant superannuation rates and thresholds for 2024/25 and may change in future years. If you are considering acquiring a financial product from TelstraSuper you should read the relevant product disclosure statement and target market determination before making a decision which are available at www.telstrasuper.com.au. The financial services guide for TelstraSuper Financial Planning is available at www.telstrasuper.com.au

 

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