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Mortgage or no mortgage
Most of us have lived with mortgage repayments throughout our working lives, in the hope that we will one day be debt-free.
However, it’s not uncommon for people to reassess their housing requirements prior to retirement and either relocate or renovate their existing home, which sometimes results in further debt.
It’s important to consider your future living arrangements well in advance, to ensure you have a sound strategy in place.
Ideally, your mortgage will be paid off at retirement age, as mortgage repayments may take a hefty bite out of a limited retirement income.
To make sure you’re well prepared, speak to your financial planner about developing a sound retirement plan tailored to your unique circumstances.
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Calculators |
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Further Information |
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