Should we cash in shares to fix our home?

By George Cochrane
Updated October 25 2017 - 9:48am, first published October 5 2017 - 2:00pm

???Question: My wife is 67, works two days per week and earns net weekly income of $275, plus a contribution from Centrelink of $60. She has $32,700 in super plus 1175 IAG shares. I am 65 and work full time. My net weekly income is $810. I have $780,000 in super, $43,000 in a bank account earning 1.75 per cent interest, $120,000 in a term deposit that matures in January, at 2.6pc, and 400 Telstra shares. We own our home. In the immediate term we will need $90,000 for home repairs that will come from the term deposit. At retirement should we cash in our shares? What sort of return can we expect from our remaining super and cash? K.F.

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