The largest generation within the Australian population is rapidly approaching retirement, poorly prepared for that stage of their lives.
Although the so-called Baby Boomer generation has achieved extraordinary personal wealth through home ownership, they are ASSET RICH but CASH POOR.
However, this generation can expect to LIVE LONGER than any generation before them and they intend to LIVE WELL in retirement.
Senior Australians are entitled to access their housing wealth through EQUITY RELEASE, in order to live the life they choose for themselves.
ERIC is committed to encouraging the development of an efficient and ethical Equity Release market, in Australia.
Equity Release provides the opportunity to Live Well in Retirement. The vast majority of Baby Boomers are Asset Rich but Cash Poor.
Will they take the cash or leave it behind?
via Largest intergenerational wealth transfer to come | afr.com
Another year over and new one just begun*
Our very best wishes that you live the life you choose for yourself…
Live Long, Live Well.
The EquityReleaseOZ Team.
* John Lennon -So this is Christmas.
“Reverse mortgages are not what they used to be.
This short video will be very informative for any financial advisor or financial planner who is stuck in the dogma that the industry has around these tools.
You owe it to your clients to understand how these work and how they can help your clients have better outcomes in retirement.
Watch the Video: https://youtu.be/bc5L5DPcemY
“If you’ve ever wished that you could retire early, ditch the 9 to 5 and enjoy your freedom, you could be in for a few surprises.
In 2017 Legal & General (UK) spoke with over 2,000 retirees and asked them three simple questions about their retirement. The results were educating, at times funny and occasionally poignant.
It’s clear that nobody experiences retirement in quite the same way. Read on to see the results and how others feel about retirement”.
via Legal & General – | Articles | Legal & General
The Financial Capability of the Baby Boomer generation should not be underestimated.
Cohort differences can sabotage studies by potentially overestimating effects of ageing.
Some cognitive abilities are resilient to brain aging and may even improve with age!
Live Long Live Well
Read the Full Report: https://tinyurl.com/Down-sizingMovePlanStay