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 is an independent service providing expert guidance in equity release 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.