n Personal Finance Newsletter - Retired? Do you really need a house? : retirement planning

Volume 2013, Issue 391
  • ISSN :



Conventional wisdom states that everyone should aspire to owning their own home, and to have it paid off by the time you retire. For most people, this is good advice. But let us not kid ourselves - home-ownership is an expensive exercise by the time you take into account electricity and water, rates and taxes, and on-going maintenance. If you have a swimming pool, this maintenance extends to chemicals and regular cleaning, whilst keeping a garden in any sort of presentable state takes lots of time and money.

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