As one approaches retirement the focus changes from asset accumulation to income generation. This change begs the following questions: Do we have sufficient capital to generate the income we require to maintain our standard of living? For how many years are we going to need to provide this income? What real returns (return less inflation)
Should you make additional payments to finish paying off your bond sooner? It’s something most of us strive for because it offers financial peace of mind plus acquiring a debt-free property to your name is a big step towards financial freedom.