The popular option to deal with inflation

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Rising inflation can have a significant impact on seniors in Australia, especially those relying on a fixed income. Inflation refers to the general increase in prices of goods and services over time, which can erode the purchasing power of money.

For seniors who are living on a fixed income, such as a pension or a retirement savings account, the impact of inflation can be particularly challenging. As the cost of living increases, their fixed income may no longer be sufficient to cover their basic needs, such as food, housing, and healthcare.

In addition, inflation can also affect the value of their savings and investments, making it harder for seniors to maintain their standard of living. For example, if the inflation rate is higher than the interest earned on their savings, their purchasing power will decrease over time.

To mitigate the impact of inflation on their finances, seniors in Australia may consider adjusting their investment strategies or seeking professional financial advice to explore other options, such as equity release, that can provide additional income.

Fortunately, there is a way to manage inflationary pressure with an equity release solution which does not involve going into debt.

A Joint Venture with the Bendigo & Adelaide Bank, Homesafe Wealth Release™ was established in Australia in 2005 by specialists with an ethical focus to provide homeowners with the ability to access the wealth tied up in the home they live in - so they could live on it today - debt free!

The Homesafe Wealth Release option is not a loan, and as you don't borrow money, there is no capitalising interest charges over time. Repayments do not apply, and instead the share of the future sale proceeds of your home sold to Homesafe is capped so you can protect a portion of the equity in your home into the future - or for your beneficiaries. You can also sell your home at any time, or alternatively, Homesafe will receive its share of the sale proceeds after you have passed away.

How can I make an enquiry with Homesafe?

The team at Homesafe offer personalised service by phone initially, and a no-obligation meeting with a Homesafe Mobile Specialist in the comfort of your home is organised to ensure you can receive all the information you - and your family - need to make an informed decision.

For more information on how Homesafe has helped baby boomers to payout debt for over 17 years, contact Homesafe on 1300 307 059 or visit www.homesafe.com.au.

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