It’s important to always be conscious of your finances and where you are financially at all times, but especially when we get older. You might not be working as much or at all anymore and the money you’ve accumulated over your working life will now be very important. You can’t afford to be complacent about money at this stage in your life.
You might be considering unlocking the equity in your home or downsizing your property, selling off investments or even restructuring superannuation and equities. These things can be tricky and using a professional to guide you might also be something you should consider. There are tax implications that can eat up your finances so getting advice before doing anything rash might be a smart idea.
Generally a lot of the financial decisions and problems are just the same as they always were but do be careful with your money at this stage so you can enjoy a financially secure future.