Mar 03 2025 31 mins 15
Got a question for the trio? https://forms.zohopublic.com/propertyplanningaustralia/form/GotaquestionforthePropertyTrio/formperma/zYCQAxzE_24CVlDafP1ozyzwtmB-8m1iCNtCTgDvHXM
Cate hosts today's show and she opens the conversation Kim's listener question as follows.
"I would love to hear more about what to do with property portfolios for those nearing retirement. Do we transfer to our kids, sell some off or live on the rent and sell off when we are really old?" But as Dave points out, this is quite a big question, and not one that can be answered in under a minute. The critical question to ponder is whether the plan aligns with an investor's retirement goals. Determining when an investor has acquired enough property to cease the acquisition phase is something that can only be done well when the plan is clear, and takes into account all steps from accumulation through to retirement. From timing to risk profile, tax implications and projected rental incomes and values, and knowing who to turn to for advice, there is much to cover in answering this question. And that's not to mention the family home!
What are the various options for investors holding property once they reach retirement? Mike walks our listeners through seven different approaches, and there are no right or wrong options.
The Trio talk about the pros and cons of handing property down to our children. Cate touches on bequests and philanthropic opportunities, including a wonderful story about a home in Melbourne's inner north that was donated to a local charity.
Selling some vs holding all.... Dave talks through the complexity of each option, and the benefits of holding for as long as possible. "Just because you've hit retirement, it doesn't mean you need to sell." Maintenance, trades and the challenges of holding properties into retirement are serious considerations though. The Trio discuss the ways that investors can approach divesting once the decision to sell has been made.
When is property investing not a good idea? Cate talks about the mistake that some investors make when they leave investing too late in life. Once a property acquisition gets between an investor and their retirement plans, the aspiration can become a nightmare.
And lastly, Dave steps our listeners through the task of gathering our professionals in our corner. From selecting the right people, to discussing their retirement plans and lifestyle dreams with our advisors, it is abundantly clear that having a clear and documented plan is essential.
.... and our gold nuggets!
Cate's gold nugget: Rather than helping their kids, (who may not need help), how could investors help their grandchildren?
Dave's gold nugget: Dave recommends investors sit down with an expert and properly model out their plan. Working through planning with a financial planner, including retirement and beyond (including estate planning) is important. The nuances associated with transition into retirement are enormous and they deserve professional advice.
Mike's gold nugget: There are so many combinations and possibilities for investors to consider, but Mike recommends some strategic modelling for investors to optimise their opportunities.
Show notes: https://www.propertytrio.com.au/2025/03/03/approachig-retirement-listener-question/
Cate hosts today's show and she opens the conversation Kim's listener question as follows.
"I would love to hear more about what to do with property portfolios for those nearing retirement. Do we transfer to our kids, sell some off or live on the rent and sell off when we are really old?" But as Dave points out, this is quite a big question, and not one that can be answered in under a minute. The critical question to ponder is whether the plan aligns with an investor's retirement goals. Determining when an investor has acquired enough property to cease the acquisition phase is something that can only be done well when the plan is clear, and takes into account all steps from accumulation through to retirement. From timing to risk profile, tax implications and projected rental incomes and values, and knowing who to turn to for advice, there is much to cover in answering this question. And that's not to mention the family home!
What are the various options for investors holding property once they reach retirement? Mike walks our listeners through seven different approaches, and there are no right or wrong options.
The Trio talk about the pros and cons of handing property down to our children. Cate touches on bequests and philanthropic opportunities, including a wonderful story about a home in Melbourne's inner north that was donated to a local charity.
Selling some vs holding all.... Dave talks through the complexity of each option, and the benefits of holding for as long as possible. "Just because you've hit retirement, it doesn't mean you need to sell." Maintenance, trades and the challenges of holding properties into retirement are serious considerations though. The Trio discuss the ways that investors can approach divesting once the decision to sell has been made.
When is property investing not a good idea? Cate talks about the mistake that some investors make when they leave investing too late in life. Once a property acquisition gets between an investor and their retirement plans, the aspiration can become a nightmare.
And lastly, Dave steps our listeners through the task of gathering our professionals in our corner. From selecting the right people, to discussing their retirement plans and lifestyle dreams with our advisors, it is abundantly clear that having a clear and documented plan is essential.
.... and our gold nuggets!
Cate's gold nugget: Rather than helping their kids, (who may not need help), how could investors help their grandchildren?
Dave's gold nugget: Dave recommends investors sit down with an expert and properly model out their plan. Working through planning with a financial planner, including retirement and beyond (including estate planning) is important. The nuances associated with transition into retirement are enormous and they deserve professional advice.
Mike's gold nugget: There are so many combinations and possibilities for investors to consider, but Mike recommends some strategic modelling for investors to optimise their opportunities.
Show notes: https://www.propertytrio.com.au/2025/03/03/approachig-retirement-listener-question/
