Opinion
Why the beach house might be cramping your retirement style
Holiday homes are great, but they don’t produce retirement income and might limit your age pension payments.
John WasilievColumnistQ: I read in your column recently about a person who had a family holiday home which caused them to be ineligible for the age pension. What might have been done in those circumstances to achieve a better outcome? Frank
A: Whether it is a holiday home, a painting or work of art, owning an asset which does not contribute materially to cash flow can be a problem for retirees seeking the government age pension for the income it provides.
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