Keep or sell investment property in retirement скачать в хорошем качестве

Keep or sell investment property in retirement

In most cases, rental property is a fantastic investment when we are working and growing our nest egg. That is because the property is a good growth asset, we have our work income to deal with any problems along the way and we are young enough to deal with any pitfalls. However, retirement is different and very often your property investment may not provide the best retirement income outcome. Let's see why: It is an illiquid asset, you either own the full property or no property at all. You cannot sell part of it to supplement your income, unlike shares, managed funds, superannuation funds, or a pension fund - subject to meeting specific rules, or even a simple term deposit or other cash accounts.  Property tends to provide a lower level of income. That could be due to the following factors: 1. possible low yield in the area, that is impacted by the state of a property market and not your decision at all, 2. you might have an outstanding loan, that is reducing your income even further, 3. property ongoing costs such as insurance, council, real estate agent fees 4. ongoing property maintenance that could add significant expenses your income is dependent on making sure that you always have tenants, and that you have tenants that without any problems and delays, will always pay the rental income on time.  All those costs can be very high and not leave a lot of income for you to live on, therefore very negative for your cash flow. Also, don't forget that once retired, you no longer benefit from any tax deductions, as often your tax bracket is Zero, or at the lowest tax rate.  You could argue that property is great for capital growth, and it is correct, however, I am going back to my previous statement, the property is an illiquid asset, and you cannot sell a window to provide for your income for the next year.  Therefore, if you have an investment property and you are getting ready for retirement, you really have to get an outside opinion to confirm if the property is worth keeping in retirement, whether it provides you with a sufficient level of income, or is it costing you money. Video Mentioned 1. Age Pension and Your Retirement Playlist:    • Age Pension & Your Retirement   2. Property, Shares or Super:    • #PropertySharesOrSuper -   Which one is be...   3. Property in retirement:    • Is property a good investment in retiremen...   To download the book 12 PRINCIPLES OF INVESTING: https://ebook.aboutretirement.com.au/... Contact details: Katherine Isbrandt of About Retirement Website: https://aboutretirement.com.au/ Email: hello@aboutretirement.com.au Or connect with me: https://www.facebook.com/katherineisb...   / katherineisbrandt     / katherineisbrandt   https://www.pinterest.com.au/katherin... FSG: https://aboutretirement.com.au/wp-con... Katherine’s Adviser Profile: https://aboutretirement.com.au/wp-con... Shaun’s Adviser Profile: https://aboutretirement.com.au/wp-con... #KatherineIsbrandt #AboutRetirement #retirementplanning #retirementinvesting