According to Mary Holm, a lot of people when they reach retirement find they are basically asset-rich and house-poor – their house may be worth a bit of money, but they have little savings.
Mary gives tips on ways to make use of the value of your house in retirement.
In this episode:
- Is it a good idea to sell and buy smaller?
- How can you benefit from sharing your home with others?
- How do you get a break on rates?
- Are reverse mortgages (AKA home equity release loans) a good idea?
Mary Holm Photo: RNZ/Cole Eastham-Farrelly
