Question
Mary is 64 years old and just about to retire. As part of her retirement plan,she intends to sell her current home and moveup the
Mary is 64 years old and just about to retire. As part of her retirement plan,she intends to sell her current home and move"up the coast". She believes she can sell her current home for $950,000 and can buy a new residence for $550,000. She would like to contribute as much of the excess funds she has to boost her super balance which is currently $325,000. She has not made any personal contributions to super recently with the account balance building purely from SG contributions and some salary sacrifice arrangement she had in place about 10 years ago.
What issues would you discuss with Mary about her intended contribution strategy?
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