It surprises me with professional and businessmen my age I know, some of them have been making very good money over the years and yet many have little if anything set aside for retirement despite being on the wrong side of 60. Worse, some of them have received very good advice from me to get on with a retirement savings program but have chosen to "do an ostrich", keep enjoying their comfortable lifestyle and choose to ignore the problem.
As you suggest, they will have no choice but to eat into the value of their homes either through selling and downsizing, perhaps into the regional provinces or a reverse equity mortgage. I think HGH has a bright future ahead.
Bookmarks