How your home can help fund a greater life in later life
We’re living longer than ever – but research shows 4 in 10 older people are having to make significant cutbacks to make ends meet
Average life expectancy in Ireland is now almost 83. That’s an increase of more than six years since the turn of the century. We’re living longer than ever – and generally in better health too – so, it’s little wonder that many of us look towards retirement as being our ‘golden years’.
Later life should be a time to savour experiences, fulfil dreams and tick off items on the bucket list. But funding a comfortable retirement isn’t easy, even after a lifetime of hard work. It is not unusual for people to end up asset rich but cash poor in retirement, with much of their wealth tied up in their home and limited options to access credit, while they live on a reduced income and insufficient savings.