The sharp fall in the FTSE during August will have come a yet another nasty shock for many investors who are approaching state pension age. With savings rates at an all- time low and a lack of suitable safe alternatives, many of those approaching retirement will have remained invested in equities in anticipation of some …
Retirement Planning
Retirement planning and related subjects
Equity Release Could Fund Private Medical Treatment
If you’re waiting at the back of a long NHS queue at the moment but don’t have the income or savings to fund a private operation, and you own your own home and are over 55 years of age, you may wish to consider equity release. …
A Way of Borrowing in Retirement
Although the so called austerity measures announced by the Government are designed to cut public spending and get the economy back on track, the reality is the average homeowner is still facing serious financial difficulties even before the inevitable cuts come into force; especially those in retirement. Banks are still not lending and they are fearful that people will default on their loans. But what is the solution? One ever popular option for those over 55 is equity release. …
Equity Release an Option to Fight Poverty in Retirement
A report from the Office of National Statistics (ONS) has worryingly revealed that most single pensioners living in the UK are forced to live on just £27 per day, which works out to under £10,000 per year. As a result, rather than enjoying retirement, many pensioners are forced to work or face constant financial pressures as they grow older. …
Combating the Cost of Living with Equity Release
In the past, retirement was seen as a phase of life where hard working men and women could sit back, relax and reap the rewards of a lifetime of employment. But due mainly to increasing costs of living, the reality is that many hardworking people face a totally different situation. …
Dream Purchase & Regular Holidays Financed by Home Reversion Plan
Award winning Equity Release Specialists Bower recently made a dream come true for a retired widower who wanted to get the most out of his retirement by buying a barge and creating a savings fund to pay for holidays and leisure. …
Ready for Retirement? You’re in the Minority if you are.
Only 5% of pre-retirees are feeling ‘fully prepared’ for retirement says the latest MGM Advantage Retirement Nation Report, and this is a shocking drop in comparison to 2008 figures which dictated 39% were ready and waiting for a comfortable retirement. …
How to Increase your Income in Retirement
How does your income in retirement fare against your expenditure? Do you have enough money to spend on holidays, your home and hobbies? To treat your grandchildren or spend on leisure time with friends? Is there an emergency savings fund in reserve to draw upon, giving you peace of mind should any unexpected expenses materialise? …
Funding Care & Assistance: at Home
Whether it’s a bit of extra help around the home, or fully fledged in home care that is needed, it is worth looking into Equity Release as a possible funding option. …
Emergency Budget 2010: Retirement Round-up
George Osborne’s Emergency Budget will have repercussions for all in one way or another, but for those in retirement at the bottom of the income scale, the pinch may be harder felt. Here is a round up of the key announcements affecting pensioners. …
