27 Oct 2016

Money with Mary Holm: 'Eating your house'

From Jesse Mulligan, 1–4pm, 2:15 pm on 27 October 2016

According to Mary Holm, a lot of people when they reach retirement find they are basically asset-rich and house-poor – their house may be worth a bit of money, but they have little savings.

Mary gives tips on ways to make use of the value of your house in retirement.

In this episode:

  • Is it a good idea to sell and buy smaller?
  • How can you benefit from sharing your home with others?
  • How do you get a break on rates?
  • Are reverse mortgages (AKA home equity release loans) a good idea?
Mary Holm

Mary Holm Photo: RNZ/Claire Eastham-Farrelly