LATER LIFE PLANNING
It is a proven fact that people are living longer and are looking into whether they will have enough money to maintain their lifestyle in retirement. Many are faced with increased costs, and lower interest rates on their savings and are looking at other options to supplement their income. Managing your finances in later life is very important and there are lots of options to consider, this is why we are here to help.
Options For Later Life Planning
A smaller property will have lower bills and this may be an option to release cash from your existing home to fund retirement.
If you are a homeowner age 55 or over you may be able to use your home to boost your income.
You can look at Equity Release by releasing a lump sum from your property. There are many options for Equity Release and this is a specialist area. Here at Dolphin Financial Limited, we are here to help you make the right decisions.
We are Equity Release Specialists so have access to a wide range of solutions, to source the right product for you.
After initially discussing your goals and needs we will look at your current arrangements, assess these, and then make recommendations to you. We will then provide you with a bespoke plan tailored to your needs.
Equity released from your home will be secured against it. Equity Release will reduce the value of your estate and may affect your entitlement to means-tested benefits.
Long Term Care
One of the things to consider as old age sets in is the needing of care. Meeting the cost of care is an issue for many people in the UK. We would recommend that you look at the Money Advice Service – A Beginners Guide To Care.
Long Term Care expert advice is required for this area. Here at Dolphin Financial Limited, we can help you.
After initially discussing your needs we will look at your current arrangements, assess these, and then make recommendations to you. We will then provide you with a bespoke plan tailored to your needs.
If you would like further information please contact us, or click here to book your free initial consultation.