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Are we fleecing our elderly: The truth about retirement villages

Retirement villages offer a quality of life that can be difficult to attain independently. Photo: Rad PozniakovKatie Wesney is a qualified financial adviser and Head Strategic Coach at Enable Me.OPINION: When my parents moved into a retirement village, a few family members were horrified. “These places charge a fortune,” they muttered, scrutinising the licence-to-occupy agreement.Click the link below to read more:https://www.stuff.co.nz/money/360902517/are-we-fleecing-our-elderly-t...

Skyrocketing Rates Contributing to Home Loss

A distressed Real Estate agent was contacted by three pensioners who need to sell their home because they cannot afford the rates.Does anyone understand the stress the financial position these three homeowners find themselves in? They are cash poor but asset rich. However, this is not just an asset to them, it is their home.The asset value was not the purpose for owning a home. It was purchased by saving for the purpose of providing shelter for the family and retirement. It is the place they hav...