Q: My wife and I are about to set up a self-managed super fund to purchase a geared investment property as a diversification strategy, following some financial modelling advice. We are both 52, with combined super in two Macquarie Wrap funds of $770,000 invested in Australian and overseas shares. We’d like to buy a medium-sized investment property. We plan to retire or transition to retirement in six to eight years. Dominic.
A: With only eight years until your proposed retirement, planning this should involve how much income you expect to need when you stop working as well as any other retirement expectations.
