Senior homeowners who have little savings face some difficult choices: either downgrade their lifestyle to get by on government payments or tap their remaining asset – the family home – to cover their expenses.
Selling the family home does free up funds, but it is rarely a first choice.
Smooth Retirement’s Co-Founder and CEO Scott Phillips explains how using home equity to fund retirement is a sensible solution for many asset rich, cash poor retirees.
Read the full report in smstrusteenews
Smooth Retirement Pty Ltd provides equity release broking and retirement income planning Australia-wide. ABN: 46 619 010 445; AFSL 510015; Australian Credit Licence: 510015; smoothretirement.com.au; email@example.com; 1300 510 015. Terms, conditions, fees and charges apply.