Having a real retirement sea-change—on the sea

From Geraldton to Gerroa and from Bowen to Blackmans Bay, the idea of living on the coast is attractive for many retirees. But what about living on the water—on a ship?

Continue Reading...

How important is it to own your home for retirement?

The question seems like a no-brainer, with ‘very’ as the obvious answer. ‘Home ownership provides retirees with big benefits,’ says the Grattin Institute , ‘they have somewhere to live without paying rent, and they are insulated from rising housing costs.’

Continue Reading...

Understanding the rules around granny flats and the aged pension

For Centrelink, a ‘granny flat agreement’ starts when an Age Pensioner transfers assets to another person in exchange for future accommodation. ‘Granny flat accommodation’ comes in various forms: from a self-contained building; an apartment in a larger building; or simply the spare bedroom of a family home with use of the family bathroom.  A formal, […]

Continue Reading...

What happens to the Age Pension when moving into residential care?

Residential aged care is needed when a senior can no longer be adequately cared for at home. As a general rule, this happens when a senior can’t safely walk around indoors alone and/or who can’t remember to go to the toilet.

Continue Reading...

Retire Notes