reply to 'leith'
Hi Leith. There are many of us due for retirement with mortgages hanging over our heads. It's scary and we know exactly how you feel. It's a shame that maybe we could get into a retirement village but the monthly costs would see us end up in a tent on a paddock. We would have no hope of paying over sometimes, $100 a week, plus living costs and try to run a little car. What do others do who are in similar circumstances? Stay as you are and hope you don't need a retirment village or a nursing home?
It would be lovely to have enough money not to have to worry.
Seggie.
3 comments
3 comments
Hi seggie
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I may have said before that the fee structure and monthly maintenance costs that are imposed by Retirement Facilities are beyond the reach of most Seniors ...........They are unjust and not at all fair ...........one relises that they have shareholders to make money for but even the Church groups are not exempt from the same tactics and it all becomes too hard ...IMO
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This is just my view because a lot of people are very hapily living in these places and for all sorts of reasons
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Friends of ours sold ther OLD home that was in a good area but which needed major upgrade work and repair that they could not afford...........They bought into a Village and a brand new 2 bedroom home ....This cost them $ 200.000
less than what they received for their old place so they invested it
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The interest received therefore pays for the maintenance fees.and they consider them selves to be well off ....they also have new friends ..a community area ..and instant medical help if needed
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I do not know what centrelink have done about their pension payments and it could be that they are under the cap that applies ..................clay
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