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.
Comprehensive Income Products for Retirement (“CIPR”).
The Treasury has today appointed an Industry Reference Council to guide the development of financial products that may suit Asset Rich but Cash Poor retirees.
The DomaCom submission is particularly interesting as they are challenging the rules to get a better deal for Senior Australians…
Equity release takes many forms and if it is your decision to “downsize” by selling your home and purchasing a cheaper one, the ATO has introduced some changes to Super Contribution Rules that may interest you…
via How to qualify for the downsizer contribution
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