Reverse mortgages revisited, and 10 ways to make retirement easier financially
- Further thoughts about reverse mortgages — when younger retirees might use them
- Retire later — job satisfaction, social contact, financial
- Move house, and maybe town
- Boarders or flatmates or Airbnb
- Subdivide
- Rates rebates if on low income
- Rates postponement on any income in some places
- Accommodation supplements (government help with rent, board or home ownership costs)
- Sell your house and be a tenant
- Sell assets on Trade Me etc. including valuables
- At 90, you become the charity!
Listen to the segment below, or click here to read Radio NZ’s summary.
You can listen to these sessions as podcasts. Subscribe free to Mary’s RNZ podcast here.
No paywalls or ads — just generous people like you. All Kiwis deserve accurate, unbiased financial guidance. So let’s keep it free. Can you help? Every bit makes a difference.
Mary Holm, ONZM, is a freelance journalist, a seminar presenter and a bestselling author on personal finance. She is a director of Financial Services Complaints Ltd (FSCL) and a former director of the Financial Markets Authority. Her opinions are personal, and do not reflect the position of any organisation in which she holds office. Mary’s advice is of a general nature, and she is not responsible for any loss that any reader may suffer from following it. Send questions to [email protected] or click here. Letters should not exceed 200 words. We won’t publish your name. Please provide a (preferably daytime) phone number. Unfortunately, Mary cannot answer all questions, correspond directly with readers, or give financial advice.