MONEY MATTERS: What costs more – paying off a home or funding your retirement?

By Russell Tym
August 23 2017 - 3:00am
PREPARATION IS NEEDED: "With very low interest rates and a savage Centrelink Assets Test, the amount now required to fund a comfortable retirement is greater than the cost of a home" - Russell Tym.
PREPARATION IS NEEDED: "With very low interest rates and a savage Centrelink Assets Test, the amount now required to fund a comfortable retirement is greater than the cost of a home" - Russell Tym.

The challenges most of us face include buying a home and paying it off, raising a family, and saving enough to retire on. Buying a home used to be the biggest expense most of us would face, but that’s no longer true.

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