The federal government is considering introducing incentives to get older Australians to downsize by selling their biggest asset the family home and moving into a retirement village.
A new web site has appeared which presents financial concepts that have a negative on older Australians considering taking this path with particular emphasis on the financial pitfalls of entering a retirement village.
The web site www.retvill.net provides a counter view to many aspects of retirement village living with emphasis on the true financial costs of the entry amount.
Although conceding that moving into a retirement village can be a good social decision www.retvill.net warns that there can be financial pitfalls even leading to what is referred to in the industry as the retirement village poverty trap.
Multiple aspects of the current retirement village industry model are discussed and present a counter view to the often glossy and glowing images presented by industry operators.
Take this link – http://www.retvill.net/
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