How to prepare for retirement with adult children living at home

first_img continue reading » 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Don’t fret. There’s hope. Many parents have figured out ways to support and encourage smart financial habits in their adult children living at home without neglecting (or draining) their retirement savings. Learn steps you can take to make this happen.center_img Adult children living at home: the factsFor the first time since the Great Depression, a majority of young adults are back living with their parents than with a spouse or partner, living alone, or living with someone else.As of July 2020, 52 percent of young adults ages 18 to 29 live with a parent.1 By comparison, around half that number — 23 percent — of people in the same age group lived with a parent in 1960.2 And this trend isn’t going away — these numbers have been on the rise for six consecutive decades.3last_img read more

Is this your own ‘palace’ in the sky?

first_imgYou can stare at the water while sitting in your own private spa pool.Two penthouses, each with its own private rooftop terrace and spa pool, will “crown” the $88 million Naia Apartments at Mermaid Beach. More from news02:37International architect Desmond Brooks selling luxury beach villa17 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoThe $88 million Naia Apartments project will be topped by two glass-wrapped sky ‘palaces’.“One of the penthouses faces northeast and takes in spectacular views of the ocean, Surfers Paradise and surrounds,” Mr Chen said.“The other takes in the Gold Coast hinterland, Nerang River and canal estates south to Burleigh Heads.“Both exude laid-back elegance while offering luxurious comfort and effortless functionality.”Each penthouse has soaring ceilings, walls of glass and expansive balconies, allowing the natural light to flow in. Naia, Mermaid Beach.Each ‘sky palace’ has three bedrooms, three bathrooms, more than 90sq m of outdoor space and three car parking spaces.Marketing agent Steven Chen, of The Agency, said the scale and finish of the 23rd level residences created a beach house vibe just metres from the Gold Coast’s millionaire’s row on Hedges Avenue.center_img Breakfast with a view? This kitchen may be a bit too fancy for vegemite on toast.The kitchens have been described as a “work of art”, with stone benchtops, soft-close cabinetry, a chrome sink mixer and Zip tap.Designed with the gourmet cook in mind, each kitchen features Gaggenau appliances such as a stainless-steel, under-bench oven, gas cooktop, built-in steam oven, rangehood and fully integrated dishwasher.The master bedroom boasts a walk-in wardrobe lined with built-in shelves and drawers, an ensuite with freestanding bath, and a private balcony.The two penthouses are priced from $2.5 million. To date, Naia has achieved more than $15 million in off-the-plan sales, with construction expected to start in the third quarter of 2018.Designed by Gold Coast architects TVS, Naia’s 97 apartments will be wrapped in a seaside-inspired design and will feature a rooftop residents’ lounge with a pool.last_img read more

Iconic New Farm riverfront is sale of the century

first_imgMr Welsby played halfback in the first intercolonial rugby match between Queensland and New South Wales in 1882. Thomas Welsby had a house at New Farm and one at Amity Point on North Stradbroke Island where this picture was taken for the book: ‘Moreton Bay — Our Heritage in Focus’. Picture: supplied.He was president of the Queensland Rugby Union for 10 years before the start of World War II, and today Queensland clubs still play for the Thomas Welsby Memorial cup.He also started the Brisbane Sailing Club which later became the Royal Queensland Yacht Squadron.Amity House remained in the family until 1952 when it was sold to the Colonial Sugar Refining Company. In 1980 it was bought by the Commonwealth Government and used as Queensland’s principle naval residence.In 1997 it made national headlines when it returned to the market and was bought by Brisbane architect Tony Dempsey who turned it into his family home. Architect Tony Dempsey is now selling his Amity House home.“The first thing that architects look for is aspect and there aren’t too many inner city properties with this northeast aspect,” Mr Dempsey said.The house has been maintained in original condition with verandas on three sides fronting the river.More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoThere are terraced gardens leading down to the Brisbane Riverwalk where you can stroll along the river into the city.There are original compass points etched into the front path and stained glass panels featuring the house name, Amity.The residence has four bedrooms, two of which have ensuites and the master bedroom has a walk-in wardrobe. The main living area.A 1.8m wide central corridor showcases the polished timber floors, 3.6m high VJ ceilings and double sided VJ boarding walls. The house faces northeast, out to the Brisbane River.An extension in the 1920s added a sub-floor office and car accommodation and Mr Dempsey has remodelled the original bathroom, added an ensuite to the master bedroom and repainted.The property is being sold by Expressions of Interest through Ray White New Farm. The historic home at 101 Welsby Street, New Farm.IT’S been home to the head of the navy, an architect, and a Queensland rugby union legend and now this half acre inner city villa on the river is on the market for the first time this century. Amity House is a New Farm time capsule: the last surviving riverfront home from the 19th century. Not much has changed at Amity House in 127 years.It was built for Brisbane historian, author, politician, angler and sportsman, Thomas Welsby, in 1892 and has a 30m river frontage along the Bulimba reach of the Brisbane River.The house, at 101 Welsby St, is for sale as a complete 2127sq m property, or there is an option to buy a 672sq m parcel of vacant land around the home.“This opportunity will never ever be seen again,” Ray White New Farm principal Matt Lancashire said. FOLLOW DEBRA BELA ON TWITTER MORE REAL ESTATE STORIEScenter_img How this mansion set a new auction record Historic Sandgate home’s link to cannons and corned beeflast_img read more

Kawhi Leonard might make his Clippers debut this preseason – maybe

first_img Clippers vs. Mavericks Game 5 playoff updates from NBA beat reporters But Rivers suggested that Leonard might when the Clippers face the Melbourne United for a Sunday matinee at Staples Center, or perhaps when they see the Dallas Mavericks in their final warmup in Vancouver on Oct. 17.Not that the 21st-year head coach was making any promising: “I think he will play in one or two preseason games. But I don’t know when.”For now, Leonard continues to be a full participant in practice. By all reports, he’s been impressive.“Kawhi, he’s getting back in the feel, he’s starting to look like himself,” said JaMychal Green, the Clippers’ versatile power forward.In the five-on-five scrimmage that occurred late in practice Wednesday, Leonard found himself engaged in a spirited battle with the Clippers’ famously tenacious defender … Lou Williams. What the Clippers are saying the day after Luka Doncic’s game-winner tied series, 2-2 PLAYA VISTA — The Clippers might give fans a glimpse of one of their new superstars this preseason after all.Coach Doc Rivers hinted at the start of training camp that the team might treat Kawhi Leonard like an NFL quarterback and, out of an abundance of caution, hold him out of preseason games altogether.But with guards Patrick Beverley (“nothing serious,” Rivers said) and Rodney McGruder (sprained ankle) getting banged up a bit in practice Wednesday, Rivers opened the door for the possibility that Leonard will get in a game for the first time as a Clipper before the regular season begins.It won’t be Thursday night when they host the Denver Nuggets at Staples Center. Leonard and McGruder both were ruled out by the team Wednesday evening, along with Paul George who continues to rehab from shoulder surgeries. Kristaps Porzingis ruled out as Clippers, Mavericks set for Game 5; Follow for game updates “It’s funny, in the past, Lou takes the summers off, you know?” Rivers said. “I think before we closed the facility, I was sitting in the office and I could hear a ball and it was Lou out there. I went down and asked him if he was OK – because that was June. And he says, ‘Early start this year. I’m getting ready for next year.’“So unbeknownst to me, I heard from the grapevine, that then he started taping his workouts and sending them to all the players. I thought that was pretty funny, Original, too.”BALLMER ON CHINAClippers owner Steve Ballmer appeared at the GeekWire Summit on Tuesday ain Seattle, where he shared insight into last summer’s free agency and the Clippers’ mindset for building a championship contender. He also discussed the ongoing controversy involving the NBA and China.“It’s a reminder, more than the specifics around the China issue, that there are government, regulatory, and policy issues around which people need to be very sensitive and to try to handle them in a very careful, important way,” Ballmer said. “Particularly sometimes as we’ve seen here in the U.S., there’s a balance between the interest of companies and their employees here in the U.S. versus China. More thought, more care, more attention needs to be put in. Sometimes you’ll make a trade-off as a company that causes you to either do things in China that make problems in the U.S., or vice versa.”center_img Newsroom GuidelinesNews TipsContact UsReport an Error Clippers hope they can play to their capabilities, quell Mavericks’ momentum “They were going at each other, it was good, they were talking, I loved it,” Rivers said of his sensational sixth man guarding the two-time NBA Finals MVP. “Obviously, I’m not gonna put Lou on Kawhi, but he took that and so that changed the practice tone for a little bit. That was great.”The tone was preset, Williams’ colleagues said Tuesday.After giving the Golden State Warriors all they could handle in their six-game first-round playoff series a season ago, Williams spent the summer before his 15th NBA season ramping up his preparation ahead of what he and the Clippers hope will be a special season.“When he wasn’t here, (he was) sending us videos, holding everybody accountable,” said Green, sweat dripping from his beard. “We had conditioning tests and he wasn’t here, (so) he was running on his own at home and he sent us videos to let us know he was still doing his job. He sent it to the group, so I seen him running, that he held up his own end of the bargain. We just follow his lead.”Rivers was tickled to hear about those videos being sent to the Clippers’ group text (aptly named, Green shared, “Clips.”)Related Articles For Lakers’ LeBron James, Jacob Blake’s shooting is bigger issue than a big Game 4 victory last_img read more