CISSP
70-410
070-461
CAS-002
CCA-500
1Z0-804
000-080
N10-006
M70-101
2V0-621D
210-060
AWS-SYSOPS
70-461
100-101
JK0-022
102-400
200-310
000-104
350-001
640-916
220-902
350-029
ICBB
1z0-434
AWS-SYSOPS
1Z0-061
CRISC
C_TFIN52_66
SY0-401
MB2-704
210-260
642-999
9L0-012
101-400
MB2-704
70-486
350-029
1z0-808
70-410
CCA-500
AWS-SYSOPS
1Z0-061
70-243
000-106
300-209
70-480
350-018
350-018
70-417
210-260
101-400
SSCP
CISM
220-902
810-403
c2010-652
400-051
CRISC
MB2-707
C_TFIN52_66
70-461
70-488
300-070
350-001
220-802
220-901
70-346
2V0-621D
70-486
74-678
c2010-652
CAP
700-501
CAP
70-463
SSCP
c2010-657
640-916
1Z0-051
300-115
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Reverse mortgages are key for senior women
by Darren Moffatt on May 1, 2013
It’s long been known that this generation of senior women have less money for their retirement than their male counterparts. There are several good reasons for this, including the fact that superannuation was only mandated at current levels in 1993.
Also, the proportion of women who worked in past generations was much lower than today, so many female retirees simply had no opportunity to accumulate retirement savings. During their so-called ‘working years’, many either stayed at home to raise the family, or if they did work, it usually for less than what men earnt.
You’d like to think this scenario has changed, but recent shocking statistics from the Human Rights Commissioner show there is, shamefully, still a long way to go on the equality front.
This great blog post summaries the challenges that even working women today will face in retirement. It’s unfair & needs to be fixed.
But for those women who are already retired on a pension or limited income, the house is very often the only significant asset. Increasingly women are using the equity in the home used to ‘bridge the income gap’ via a reverse mortgage. I know from SEQUAL statistics and many years for direct experience, that after married couples single retired women are the biggest group of reverse mortgage borrowers. Very often, they have the most pressing need.
Let’s hope that government & society correct these injustices, & that future generations of women have access to the same opportunities & retirement savings as men.
Tagged as: brisbane, equity release, human rights commission, melbourne, reverse mortgage, reverse mortgage sydney, seniors loans, SEQUAL, women