When is the Right Time to Downsize?

We are excited to share that our Senior Financial Adviser, Dawn Thomas, has been featured in a recent article “When is the Right Time to Downsize?” published in Money & Life. 

In this insightful piece, Dawn explores various factors influencing the decision to downsize from a larger family home to a more manageable one, particularly as one approaches retirement.

Dawn discusses triggers for downsizing, such as changes in health, mobility, lifestyle goals, and financial pressures. She also highlights the importance of careful planning and timing in making this transition.

The article covers the benefits of downsizer contributions into superannuation for those aged 55 and older, offering a tax-effective way to enhance retirement savings. 

Additionally, Dawn addresses the implications of downsizing when financing aged care, including selling or renting the home and the impact on Centrelink’s asset assessment.

Dawn’s expertise as a CERTIFIED FINANCIAL PLANNER® provides valuable guidance in navigating the decision-making process of downsizing.

Read the full article here: https://moneyandlife.com.au/retirement/when-is-the-right-time-to-downsize/ 

We are proud to have Dawn Thomas as part of our team at The Wealth Designers, where she continues to offer exceptional guidance and support to our clients.

For help with planning your retirement, book a call with our team today.