Brendan Llewellyn explains why our home ownership obsession undermines proper financial planning...
Home ownership is the single biggest problem in UK financial planning. The problem affects both halves of the population in different ways. The 40-plus home owners are often way overweight in property (a single holding at that) and believe their house has magical investment powers, while the under-40s, either yet to buy or on the early rungs of the legendary ladder, find the idea of serious retirement provision completely out of the question. It’s all about a house. How would you persuade a pre-home-owning 30-year-old that the priority should be a nicely diversified retirement plan ra...
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