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Is Your House Part of Your Retirement Plan?

Regina Financial Advisor

Chris Worby a Trusted Regina Financial Advisor talks about your house as part of your retirement plan.

 

I read an article recently talking about how many people plan to use their home equity in retirement as well as how many think they will be debt free as they enter that time of their lives.

 

81% of people felt it was important to be debt free in retirement but only about 50% thought they would be able to retire without owing anyone anything.

 

Most shockingly, a quarter of people didn’t think that mortgages or car loans count as debt – clearly, Canadians have changed how they think about money.

 

In today’s expensive housing market and the increased mortgages that have followed that, it isn’t hard to see how this happens. Feel free to read the article linked below and call me if this is a concern for you.

 

http://www.theglobeandmail.com/globe-investor/personal-finance/retirement-rrsps/many-homeowners-struggling-to-balance-retirement-debt-repayment-survey/article21841941/

 

 

 

December 2, 2014

 

Chris Worby is a Trusted Regina based financial advisor and Wealth Management services provider servicing local Regina households and businesses since 2001.

 

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