-endless the work needed around here. I have free labour me at moment but that won't be forever.
This was an email today from Richard* a very good friend & my age & who is almost as fit as I am.
His house has an awesome seaside view & downsizing would be a huge emotional decision.
It was his father who asked why did I buy my first house?
We also had to stay with us only two weeks ago Will* a friend of his who sold me my very first car when I arrived here way back .
it was a Mazda 626 which I kept for eighteen years.
He did mention that they were considering to move & downsize.
Why?
His wife who has a very bad back has trouble walking up the 19 stairs from the garage which is a step 10 m from the road.
She has trouble sleeping & I know that driving can be very difficult.
However she needs her garden.
I must admit that very recently the endless leave sweeping & maintenance challenges such as possums, termites, plumbing, tree stumps... throws the same decision up to me.
Do I stay locally or do we move to the beach?
Do I live abroad as Changmai has always been a place in mind.
It’s going to be emotional & just maybe earlier rather than later might be easier.
Will I receive 'push backs' from family?
As i am & have practiced 'mostly' an alternative heath prevention strategy & medical is too dear here then the medical reason for staying doesn't resonate with me.
Will that matter?
However I cant just travel as a contemporary who retired 2 years ago us doing.
I do need to maximise the moments when & when I do
The financial challenge when you get to our age, yes we are all the same age, is what to do with the realised equity.
The government with its asset & income tests means that you need to have plenty of income .
I found for a client that current rates are 2.55% for a TD.
That doesn’t provide any sort of lifestyle for overseas travel or other reasonable needs.
So I posted today from a fund manager on our approved list APL.
****Monthly Income Trust fund:
The December rate (as at 31st December 2017) has been unveiled and it has come in at 7.85% per annum
And
****Industrial Property Trust:
The return profiles are attractive at 8.50% per annum
That would appeal for those who downsize & want to live some of their bucket list.
Yes Sir.
