I am fortunate to have a paid off mortage and be out of debt. I also have $15,000 in a retirement saving account from when I was working. Being an honest person I declared my assets to Work and Income when I got sick, and found that, if I kept them, I was unable to claim a whole range of benefits. I have the choice of either spending all my money on trips to Australia and lotto tickets, then running bakc to the govt squealing how poor I am - or keeping what I have and being on a very low income. I am looking for a way to increase my income, either from interest on investments or rental property.
For a start
February 22nd, 2006 at 11:17 pm
February 22nd, 2006 at 11:27 pm 1140650865
Isn't it incredible that one is penalized for being financially responsible! I know all too well how you feel. My mother is in the same situation and rather than strip her of all she's worked for I, too, am looking for ways to make what she has last without all of it being eaten up.
Good luck to you!