“What’s the safest way to help your kids buy property without ruining your own retirement”

Thinking about lending money to your kids to help them get into the property market? Here's what to consider first.

It's one of the most generous things a parent can do giving your children a meaningful leg up when they're trying to get into the property game. But before you do, it's so important to run the numbers properly.

Make sure that what you're giving or lending genuinely advances their position without compromising yours. That means not just looking at your bank balance today, but projecting all the way out 30, 40, even 50 years into the future, right through to your life expectancy. A lot of people only think short term when it comes to these decisions, but your retirement is a long game, and the last thing you want is to find yourself financially stretched in your later years because of a decision that felt comfortable right now.

Helping your kids is a beautiful thing. Just make sure you're doing it in a way that protects both their future and yours.

General advice only. Amy Lehmann is an Authorised Representative (No. 1292710) of Consortium Private Wealth Pty Ltd (AFS Licence 495401).

#PropertyMarket #FamilyFinance #RetirementPlanning #MoneyTips #financialsecurity