Money for Life

How to build financial security from firm foundations

When calculating income necessary for retirement, experts provide a dollar figure excluding rent and mortgage repayments. That's right! They assume that most Australians will have paid off their family home by the time they stop working. This is no longer the case. Home ownership rates are declining and, alarmingly, the rate of homelessness is on the rise. At greatest risk is the 'older' woman, defined as 55 years and older, the fastest-g...