Skip to content
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
Insolvency GuardianInsolvency Guardian
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact
1300 60 70 60
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact

Experiencing debt in retirement? A reverse mortgage could help – Bendigo Advertiser

September 7 2020 – 3:30PM

Experiencing debt in retirement? A reverse mortgage could help

House prices have increased at a much faster rate than income since the mid-1990s, which has led to three times the amount of people carrying mortgages and debt into retirement.

When you pair this with the ageing population, it leaves many retirees strapped for cash, in what is supposed to be their ‘golden years’.

The problem with debt in retirement is that retiree income is capped. With many living on the pension alone, it can be hard to pay for anything other than the basics.

It is often not enough to continue paying for a mortgage or other debt repayments, let alone living a comfortable retirement, free from financial stress, which is what many retirees hope for.

Some may try to bandaid this…

Read the full article at: https://www.bendigoadvertiser.com.au/story/6913891/experiencing-debt-in-retirement-a-reverse-mortgage-could-help/?cs=140

Category: Debt HelpBy Insolvency GuardianSeptember 8, 2020

Post navigation

PreviousPrevious post:Abe’s Exit and Future of ‘Abe-nomics’ – KBS WORLD Radio NewsNextNext post:Driving not flying: How investors can capitalise – The Australian Financial Review

Related Posts

Town Committee of the Whole discusses debt management policy – Niagara Falls Review
May 22, 2025
Freedom Debt Relief review: Everything to know
May 22, 2025
Want to apply for credit card debt forgiveness this June? Start with these 3 items
May 22, 2025
How To Pay Off Credit Card Debt
May 22, 2025
Can buy now, pay later debt be sold to debt collectors?
May 22, 2025
Roughly 100K Connecticut residents to see medical debt relief, Lamont says – WTNH.com
May 22, 2025

Experiencing debt in retirement? A reverse mortgage could help – Bendigo Advertiser

September 7 2020 – 3:30PM

Experiencing debt in retirement? A reverse mortgage could help

House prices have increased at a much faster rate than income since the mid-1990s, which has led to three times the amount of people carrying mortgages and debt into retirement.

When you pair this with the ageing population, it leaves many retirees strapped for cash, in what is supposed to be their ‘golden years’.

The problem with debt in retirement is that retiree income is capped. With many living on the pension alone, it can be hard to pay for anything other than the basics.

It is often not enough to continue paying for a mortgage or other debt repayments, let alone living a comfortable retirement, free from financial stress, which is what many retirees hope for.

Some may try to bandaid this…

Read the full article at: https://www.bendigoadvertiser.com.au/story/6913891/experiencing-debt-in-retirement-a-reverse-mortgage-could-help/?cs=5920

Category: Debt HelpBy Insolvency GuardianSeptember 7, 2020

Post navigation

PreviousPrevious post:Extended insolvency protections a relief for small businesses – Mirage NewsNextNext post:Insolvency and bankruptcy protections extended for struggling SMEs – SmartCompany.com.au

Related Posts

Town Committee of the Whole discusses debt management policy – Niagara Falls Review
May 22, 2025
Freedom Debt Relief review: Everything to know
May 22, 2025
Want to apply for credit card debt forgiveness this June? Start with these 3 items
May 22, 2025
How To Pay Off Credit Card Debt
May 22, 2025
Can buy now, pay later debt be sold to debt collectors?
May 22, 2025
Roughly 100K Connecticut residents to see medical debt relief, Lamont says – WTNH.com
May 22, 2025
Insolvency Guardian
© Insolvency Advisory Accountants Pty Ltd trading as Insolvency Guardian Australia.

Disclaimer

Go to Top
Call Now Button