Coming into money early on in life can be a wonderful opportunity to learn about investing and financial markets.
While a small fund can seem like it lags bigger ones,it can still be a winner when it comes to returns.
Your entitlement to an age pension is determined based on need,not the amount of tax you’ve paid.
If life was purely about accumulating wealth before you die,then trading your apartment for a home would probably make sense. But there’s more to consider.
Being a landlord can be a headache,but choosing where to invest the proceeds of your house sale can also be challenging.
While being on acreage can be pleasant,the size of your property can risk stymieing your pension options.
Early inheritances are well and good,but make sure you don’t regret gifting away money you might have actually needed.
Switching from a poor performing fund into a better one shouldn’t cost you much,but it’s important to think carefully about why.
It’s important to get your priorities straight when planning an early retirement.
When topping up your superannuation,think about how much are you prepared to sacrifice now,for that extra level of financial security later in life?
Along with ticking off a few bucket list items,accessing your super within the right time frame is important.