We all want to live a comfortable retirement but for some, the dream of doing so may seem distant, with research now showing that one in four Australians do not own their own home outright in retirement.
The study from The Australian Centre for Financial Studies shows that about 15 per cent of retirees are renting property and about eight per cent are still paying off a mortgage, equating to up to 40 per cent of income in retirement going towards putting a roof over your head.
While today’s retires are our wealthiest retired generation ever in Australian history, they are also spending more than earlier cohor…
Read the full article at: http://www.smh.com.au/business/good-finance-advice/how-to-avoid-debt-in-retirement-20160830-gr4azd.html
