Monday, July 28, 2008

New information for home buyers and retirees

Source: - Bill Sykes Media Release - 23 July 2008

Two new booklets have been put out by the Australian Bankers’ Association as a service to members of the community.

Planning for home ownership booklet available from Bill Sykes office

The Planning for Home Ownership publication looks at the range of issues associated with buying a home, including how to decide on the property you want, how much you can afford, how to finance your purchase, and what is the right time to buy.

The process of both buying and selling will be covered, with advice on how to get the most out of your home once you have bought it.

Understanding retirement is another big issue facing Australians.

Life expectancy has increased dramatically; for example, a 55 year-old man today has a life expectancy of around 26.7 years, giving a total life expectancy of 81.7 years. A 55 year-old woman today has a life expectancy of around 30.4 years, giving a total life expectancy of 85.4 years.
That means there is a longer period in later life that needs to be funded, after a person finishes working.

Planning for retirement booklet also available from Bill Sykes office

The Planning for Retirement publication provides advice and information about what to expect and how to plan for it.

As the booklet says: “Like it or not, money is just as important in retirement as it is during your working life - perhaps even more so, as you no longer derive a regular income from employment. The good news is that by planning ahead, you can ensure that you are well placed financially to have the lifestyle you want and enjoy the final stage of your life.”

They are available direct from Bill Sykes office at 2/55 Carrier Street, Benalla or by telephoning 5762 2100, or on line at The Australian Bankers Association website.

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