Due to the growth in real estate values in most capital cities, many people now retire asset rich but cash poor. Sure, they could sell the house and move into a unit or move further "out", but how many people really want to do this?
They probably know their neighbours well, enjoy their surroundings and love their homes and gardens, they very often resent having to make this decision. Banks are starting to realise this and are now offering a product called a "reverse mortgage". Put simply the bank offers to take back equity in your own home.
The book is practical and totally unbiased and a must-read for anyone exploring all possibilities for funding a comfortable retirement.
