New hobbies and routine must be adapted so seniors won’t feel limited with what they can do and feel inspired to enjoy their retirement. Although “limited feelings” can be normal for retirees since activities and life patterns significantly changed, consider these hobbies to encourage you to get up and get going. Three important things to … Continued
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Ideally, a lifetime income should last the rest of your retirement years, in spite of how much you’re bringing in. So where does it go? In relation to budgeting, it’s easier to target the obvious, such as your bought lunches or takeaway coffees. However, it can be tough to maintain if you feel deprived on … Continued
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Downsizing can offer plenty of benefits for seniors. The Australian Housing and Urban Research Institute (AHURI) found that of Australians who had moved when they turned 50, one in two had downsized. This was motivated by the idea of enjoying a low maintenance lifestyle while still able to access shops, restaurants, and medical facilities. A … Continued
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Borrowing cash can be necessary for your daily retirement expenses. Here are various ways you can use a reverse mortgage line of credit in your retirement. Paying off all your debt before ultimately retiring is a good goal, but there is borrowing that still makes sense even if you are already retired. A reverse mortgage … Continued
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A Reverse Mortgage Loan is designed to provide funds to people 60 and over by unlocking some of their home equity. With a reverse mortgage loan, you can continue to live in and own your home for a more comfortable retirement. Reverse Mortgage Loan Usage Debt Consolidation — Allows you to unlock some equity in … Continued
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Get your home fit for purpose. Most senior homeowners take out an equity release for home improvements, repairs, and renovations. ASAG knows that most seniors want to stay in their home for as long as possible, making it important to ensure their home is fit for purpose. Borrowers who take out a seniors equity release … Continued
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As seniors live longer, the number of Australians aged between 65 and 84 is likely to more than double, according to ASIC. An extension of one’s retirement life corresponds to a more reliable source of income and how it can be utilised. It’s probable to see an increase in demand for seniors equity loan products. … Continued
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