Downsizing Financial Advice Service
Within Retirement - Investment Management
At Plan4Wealth, we specialise in retirement planning. We are committed to delivering tailored advice in line with your retirement goals. We handhold you through the many financial challenges of major life transitions. And one of those major transitions can be downsizing your home.
What's involved in our Downsizing Financial Advice Service?
As part of your retirement plan, you may be considering downsizing. This strategy may not be appropriate for everyone, and / or the timing may need review. Our Financial Advice Service on Downsizing considers if downsizing is an option for you now. It covers financial assessment, alignment with goals, Centrelink impacts and personal planning. And then we tell you whether we think that downsizing will contribute positively to your financial well-being.
Key Objectives of Centrelink Age Pension Liaison Service
- Strategic Financial Planning: Align your home downsizing with your overall retirement planning.
- Capital Gains Impact: Help you understand and plan for potential tax implications.
- Centrelink Optimisation: Help you understand and plan for the potential impact of downsizing on your Centrelink entitlements.
- Investment advice: Help you invest any surplus proceeds to meet your cashflow needs, tax effectively where possible.
- Estate Review: Ensure that your estate planning is appropriately considered.
What are the benefits of using this service?
This service is great for retirees or those nearing retirement, who want to cut their living space and expenses while maximizing their cashflow. This can allow you to pursue hobbies such as travel. Or you may want to just enjoy a simpler, maintenance-free lifestyle. Clients benefit from:
- Tailored Advice: Get personalized strategies that consider your unique financial situation and retirement goals.
- Increased Financial Flexibility: Free up equity tied in your current home to enhance your financial freedom. Warning – you may not always have cash left over after your move!
- Peace of Mind: Rest easy knowing you have fully explored the financial implications of your downsizing plans
How Does a Downsizing Financial Advice Service Work?
1. First Meeting
Discuss your downsizing plans, finances, and retirement goals with our experts.
2. Financial Analysis
Evaluate the financial implications of downsizing, including any Centrelink impacts.
3. Plan Implementation
Develop and implement a downsizing strategy. This includes timing, investment strategy and investment recommendations. It also considers any required changes to your Centrelink or estate planning records.
4. Ongoing Support
Where requested, provide ongoing investment and Centrelink advice.
Next Steps
If you are considering downsizing your home, start by booking a free chat with one of our specialists at Plan4Wealth. We are here to help you make informed decisions that enhance your retirement lifestyle and financial health.
Contact Plan4Wealth Now!
Take control of your retirement with our expert Downsizing Financial Advice Service. Book a free call with Plan4Wealth today and start planning your future with confidence.