Cash in on Your Gold Mine (Musical Tribute)

Cash in on your biggest asset
Today’s fiftysomethings are sitting on a gold mine – and downsizing is the way to get your hands on the loot

Like any good ponzi scheme, the first to sell have the most to gain.

“Our current house is too big for us now. We are effectively living inside our pension scheme.”

I have to admit it does sound like one of the better pension schemes, at least for them.

Research by Hometrack, the property data company, has revealed how wide the discrepancy can be: selling a three-bedroom house and buying a two-bedroom flat in the Royal Borough of Kensington and Chelsea, for example, would typically release more than £1m of equity.

That's a lot of retirement cheeseburgers.

Experts offer housing answers (Florida)
Most of us are not big fans of insurance companies right now, so having the security of a "paid-off home to sell during our golden years" is a very attractive goal.

When are the golden years coming? Maybe when some of the baby boomers start to retire? Let's not worry about that though. Let's distract ourselves with this hit released in 1975 instead. We were just coming out of a rather nasty recession but don't let that bother you.



Run for the shadows, run for the shadows, run for the shadows in these golden years.