Dealing with being asset rich and cash poor

Dealing with being asset rich and cash poor Reverse mortgages could be one way to help with living expenses, but they may also erode any equity you have in your home over time. Given longer life expectancies, the rising cost of living and the property boom, more and more retirees find themselves asset rich and cash poor. One option is to downsize to a cheaper home, but this often has major disadvantages. If they are …

Home sweet home: Your guide to the FHSSS

Home sweet home: Your guide to the FHSSS The First Home Super Saver Scheme (FHSSS) came into effect on 1 July, and the property market has started cooling, so could the time have come for first-home buyers to make their move? CERTIFIED FINANCIAL PLANNER® professional Jeremy Chiel from Stonehouse Group shares some insights into the challenges and solutions facing younger people when it comes to home ownership. Housing affordability has been in and out of the headlines, …