Alice, a regular listener, asks a question about what would happen if her and her partner were to sell their primary place of residence (PPR) and use the downsizer contribution to add $300,000 super.
In this episode, Michael and Ali discuss Alice's question, and downsizer contributions. They discuss what a downsizer contribution is, its eligibility requirements, some advantages (such as boosting your super without affecting your contribution limits!), and other important things to know about making downsizer contributions.
For more information, please visit www.mo50.com.au
057 What is an account based pension?
056 Why we say companies instead of shares
055 Covid-19 Update: Up 5% Mon-Thurs, then down 5% Friday
054 Fear of loss Vs. Fear of missing out
053 Covid-19 Update: 27% off everything
052 How to add $500,000 to your superannuation balance
051 Why moving your super into cash could cost you $250,000
050 Covid-19 Weekly Update: 23% off everything
049 Why a residential investment property is the worst asset to own in retirement
048 What does a 30% , 40%, and 57% drop feel like - Part 3
047 Covid-19 Weekly Update: 25% off everything
046 What does a 30% , 40%, and 57% drop feel like - Part 2
045 What does a 30% , 40%, and 57% drop feel like? - Part 1
044 Why now is a great time for retirement planning
043 Covid-19 Update: 30% off everything
042 'When things settle down', and what that really means
041 Why volatility isn't a sign you did something wrong
040 Cash is king
039 How to avoid a 17% inheritance tax
038 Generation X turns 55
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