One Four Nine Wealth – Guide to later life care
When you think about your future, how far ahead do you plan?
Perhaps you’ve considered what your life will look like in 10 years, but have you considered
your later years?
While retirement planning is common, people often focus on the early retirement years. However, your needs and lifestyle wishes can change drastically over retirement and could last decades.
It’s just as important to think about how you’ll spend your later years as those first years when you are still celebrating retirement. Planning for later-life financial security means being proactive. The decisions you make in early retirement, and even before that, can profoundly impact your later years.
Building long-lasting financial security
Considering what’s important to you and what you want your later years to look like sooner rather than later can help you build long-lasting financial security. Life expectancy has increased significantly, meaning many individuals could spend 20 or even 30 years in retirement.
This extended period requires careful financial planning to ensure high quality of life. As people age, more are likely to need some level of care, which can be an additional financial burden if not planned for adequately.
Read our eight-page guide to later life care below.
The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.
