When you're retired, it's important to have housing and other living arrangements that are appropriate to your lifestyle, state of health and financial position.
For many retirees, their home isn't just somewhere to live. It's also their biggest, or only, asset.
Glossary: asset
An asset is a useful or valuable person or thing. In financial terms it's an item that can be converted into cash such as bank deposits, shares or property.
Your home is probably the biggest investment you'll make during your lifetime. When you plan for your retirement, you need to think about your retirement home as a non-financial asset.
Glossary: investment
A way to use your money to make it grow.
Glossary: asset
An asset is a useful or valuable person or thing. In financial terms it's an item that can be converted into cash such as bank deposits, shares or property.
