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

 

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&nbsp;Exploring the role of the family home in retirement
01:00&nbsp;Downsizing and super contributions
03:34&nbsp;Impact on age pension and financial strategies
05:54&nbsp;Home equity access schemes and reverse mortgages
07:56 Using the family home for aged care
#friendswithmoney #vanessawalker #rebeccacheevers #sophiemcrae #familyhome
<a href="https://apple.co/3mV0Cbr">Listen on Apple Podcasts</a>
<a href="https://spoti.fi/3fSPI2h">Listen on Spotify</a>
<a href="https://moneymag.com.au">Money Website</a>
<a href="https://www.youtube.com/playlist?list=PLrvCe5FhuuSn2KNn_oKLjDDH_Ls5rSQbz">YouTube Podcast Playlist</a>
Email Us: <a href="mailto:podcast@moneymag.com.au" data-ogsc="">podcast@moneymag.com.au</a>
Get stories like this in our newsletter: <a href="bit.ly/3GDirbR">bit.ly/3GDirbR</a>
*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&nbsp;<a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Furl.uk.m.mimecastprotect.com%2Fs%2FMBKAC3QJlC4AXLZSq0j-M%3Fdomain%3Dtelstrasuper.com.au&amp;data=05%7C02%7CMichael.Lynch2%40issmarketintelligence.com%7Cf0bcad9b752143c8eff108dd8776d561%7Cb8e2ba7483504c69a274b5a5f839cbef%7C0%7C0%7C638815666679100508%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=zEwmL4giYyr%2BTSBtLmzc%2Bch3L6ECok2sLwY4u7yDd2A%3D&amp;reserved=0" data-ogsc="">www.telstrasuper.com.au</a>. The financial services guide for TelstraSuper Financial Planning is available at <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Furl.uk.m.mimecastprotect.com%2Fs%2FMBKAC3QJlC4AXLZSq0j-M%3Fdomain%3Dtelstrasuper.com.au&amp;data=05%7C02%7CMichael.Lynch2%40issmarketintelligence.com%7Cf0bcad9b752143c8eff108dd8776d561%7Cb8e2ba7483504c69a274b5a5f839cbef%7C0%7C0%7C638815666679120047%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=xvgruaNPGiZd9hs5%2BCt7SHf02yf3X%2F5U6wB891HeYzs%3D&amp;reserved=0" data-ogsc="">www.telstrasuper.com.au</a>
&nbsp;

We all have questions about money; how to earn it, how to spend it, and the best ways to invest so we can watch it grow.

The Friends With Money podcast, created by Money Magazine (Australia’s longest-running and most-read personal finance magazine), shares its extensive network of finance experts, in-depth knowledge of markets and timely advice to help you understand the world of money.

Hosted by senior writer, Tom Watson, and editor-in-chief, Michelle Baltazar, Friends With Money is a weekly chat with a variety of credentialed guests that you won’t want to miss. Listening and learning will help you on the path to financial freedom.

We all have questions about money; how to earn it, how to spend it, and the best ways to invest so we can watch it grow.
The Friends With Money podcast, created by Money Magazine (Australia’s longest-running and most-read personal finance magazine), shares its extensive network of finance experts, in-depth knowledge of markets and timely advice to help you understand the world of money.
Hosted by senior writer, Tom Watson, and editor-in-chief, Michelle Baltazar, Friends With Money is a weekly chat with a variety of credentialed guests that you won’t want to miss. Listening and learning will help you on the path to financial freedom.

We all have questions about the money we earn, how we spend it and the best ways to approach investing it now and for our future.

Friends With Money

We all have questions about the money we earn, how we spend it and the best ways to approach investing it now and for our future. Having an extensive network of professional finance voices with honest, credible opinion has allowed Money Magazine to become Australia’s longest running and most read personal finance magazine, presenting easy to understand financial news, advice and reviews for its audience. Managing editor Julia Newbould chats weekly with a variety of experienced guests to explore the art of financial literacy and resilience in the modern money landscape.

We all have questions about the money we earn, how we spend it and the best ways to approach investing it now and for our future. Having an extensive network of professional finance voices with honest, credible opinion has allowed Money Magazine to become Australia&rsquo;s longest running and most read personal finance magazine, presenting easy to understand financial news, advice and reviews for its audience. Managing editor Julia Newbould chats weekly with a variety of experienced guests to explore the art of financial literacy and resilience in the modern money landscape.

Retirement and the family home

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/440fbafa-05dd-4d72-a4e6-b2cf006baaaf/transcript

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