A “mid-life crisis” is experienced by as many as 20% of UK adults between 40 and 60 years old, often triggered by events like divorce, death in the family and boredom. At its core, it is caused by a change in identity (e.g. maturation of children) and can manifest in excessive spending. As such, a mid-life crisis…
According to the 2020-21 English Housing Survey, renting in retirement (versus owning a home either outright or with a mortgage) has risen in popularity in recent years. Indeed, the number of over-65s in privately-renting housing is up by over 100,000 since a decade ago…
Since 6 April 2015, the “Pension Freedoms” have allowed UK taxpayers to withdraw up to 25% of the value of their pension pot(s), tax-free, from the age of 55. Yet is it a good idea to take this amount out of your pension? There are pros and cons to weigh up, and it often helps to get help from a financial planner…
Even the best-laid plans can flounder upon unforeseen events. Having a backup financial plan – or a financial “Plan B” – can help provide a crucial safety net if the future does not transpire as we hope. This has become even more apparent since 2020 when COVID-19, the cost of living crisis and other economic challenges…
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