Equity release critical for Australians to avoid ‘raiding’ superannuation

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A recent study suggests more Australians aged over 55 are considering raiding their superannuation to pay off mortgages, highlighting the need for clarity around alternative strategies to eliminate mortgage debt, according to a leading equity release provider. Findings from RMIT and the Australian Bureau of Statistics revealed the number of Australians aged 55 to 64 […]

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Keating’s “longevity levy” an unnecessary impost on the young when seniors already have wealth in family home

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A ‘longevity levy’ as proposed by former prime minister Paul Keating would be an unnecessary impost on the young given many senior Australians are already sitting on significant housing wealth, according to Peter Szabo, founder and managing director of Homesafe Solutions. Mr. Keating recently made headlines suggesting an insurance scheme funded via a ‘longevity levy’ […]

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Debt free equity release continuing to be a popular alternative to Reverse Mortgages

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A review released this week by ASIC into the reverse mortgage market in Australia, has drawn attention to the need for safe and certain equity release solutions for older homeowners. Homesafe Solutions Pty Ltd, the provider of Homesafe Wealth Release®, the only competitive alternative to reverse mortgages in the equity release sector, welcomes the report’s […]

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Budget 2018: Government Reverse Mortgage is not enough

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Equity release specialist, Homesafe Solutions Pty Ltd (Homesafe), has welcomed further steps taken by the Federal Government in recognising the need to address the longevity concerns of Senior Homeowners and their desire to remain in their homes long-term, rather than downsize. Whilst acknowledging the expansion of access to the Pension Loans scheme may assist some […]

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Home could play bigger role in funding in-home care: Homesafe

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The ability for retirees to fund quality in-home care could be improved if more retirees could access their home equity debt-free, according to leading equity release provider Homesafe Wealth Release. In-home care could play a major role in reducing pressure on the aged care system, which is showing signs of strain: A recent PwC study, […]

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Retirees need not fear ‘longevity risk’ – the home can fund it: response to study

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An important recent study showing only half of Australians have planned financially for increased life expectancy may cause unnecessary fear among older Australians because it overlooks a key strategy for reducing longevity risk – the family home. ‘Longevity risk’, where retirees outlive their income due to longer life expectancy, is a big sleeper issue in […]

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Seniors need to carefully consider their options under the new Assets Test

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Seniors should consider their situation carefully if they find their Age Pension has been adversely impacted by the new Age Pension Assets Test that comes into effect on January 1, 2017 said Peter Szabo, Managing Director of Homesafe Solutions. Commenting further, Peter Szabo said, “It’s been estimated that over 300,000 Age Pensioners will have entitlements […]

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Seniors financial wellness can be overcome with the right conversation

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When it comes to living a dignified, stress free and financially secure life in retirement – far too many seniors continue to suffer unnecessary financial, emotional and often health related hardship said Homesafe Solutions Managing Director, Peter Szabo. Yet all that would be required to tackle the solution to so much of this distress and […]

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Constant tinkering and complexity making family home better than super for retirement

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The constant tinkering and growing complexity of superannuation can only serve to fuel a lack of confidence in the system and drive consumers to seek alternatives to fund or financially support their retirement says Homesafe Solutions MD Mr Peter Szabo. Running counter to federal government objectives for Australians to fund their retirement through the current […]

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Home equity release crucial to fund retirees with insufficient superannuation balances

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Financial concerns are escalating amongst pre and current retirees as the reality of underfunded superannuation balances and inadequate savings is becoming a reality for far too many mature age Australians said Homesafe Solutions MD and Founder Mr Peter Szabo. Telling recent surveys have revealed that many older Australians expect to be worse off than previous […]

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