The Actuaries Institute proposes reconsidering the home as a retirement income pillar for Australians.
The Actuaries Institute suggests reconsidering the home as a retirement income pillar, encouraging Australians to access home equity and modify stamp duty and Age Pension to boost income for asset-rich, income-poor retirees. The Institute's dialogue paper proposes viewing the home as a key financial asset in retirement, rather than a nest egg for the next generation. This would help address the challenges faced by the increasing number of retirees in the next decade.
July 22, 2024
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