Bruce was self-employed for the better part of his career, and with Sheila taking time out of the workforce to raise a family, they retired with only a modest amount of superannuation. When he sold the business, Bruce put the proceeds into some well thought out investments but given the current volatility of the investment markets, the couple feel that now isn’t quite the right time to liquidate any significant portion of these. Instead, Sheila and Bruce need an alternative solution to allow them to fully enjoy their retirement with both financial freedom and peace of mind.

After discussing their situation with a financial adviser, Bruce and Sheila decided that Inviva’s home equity release loan might be the right solution to improve their retirement funding in the short to medium term. With Inviva's loan, Sheila and Bruce have been able to use the equity in their home to establish a regular income stream of $1,500 per month over 7 years to bolster their retirement finances. Together with their investment income, the regular income stream has allowed them to comfortably make the most of their retirement years and feel secure in the knowledge they have the income to enjoy their retirement on their own terms. They plan to repay the loan by liquidating some of their investments when it makes more sense to do so.

You can find out more about how a reverse mortgage can help supplement your retirement income here.