This article was published on 3 June 2021. Some information may be out of date.

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!

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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.