Take control of your Retirement Income
Now that you are in a different stage of life, it is a good time to review your finances, and complete all those retirement goals you have worked for however, according to a recent report retirement will mean taking a £7,129 cut in income compared with the national average salary of £24,908 but some believe they will be considerably worse off. In order to get a grip of your finances try our budget planner. Read more
Is Equity Release a good option?
Retirement Debts is seeing a growing level of enquiries relating to Equity Release, which is hardly surprising in view of the very low returns being seen from interest rates on savings which are relied upon by many retired people who have put money aside for years expecting to live on the income from those savings.
At the same time, retired homeowners have more than £765 billion tied up in their houses which cannot be unlocked through the usual mortgage route. Read more
Over 55 entering retirement carrying substantial debt
Two-fifths of people approaching retirement are failing to save anything to help support themselves when they leave work, research showed today, with many of these “pre-retirees” having a substantial amount of debt.
The first Real Retirement report from the UK’s largest insurer, Aviva, which reviews the finances of three ages of retirement – pre-retirees (55-64), retiring (65-74)… Read more
