Independent Financial Life Planners Bishop's Stortford: Financial Planning for Care

Thursday, 24 October 2013

Financial Planning for Care

Last year, those reaching age 65 across the UK had assets worth around £100bn. Our experienced Independent Financial Advisors at Enable in Bishop’s Stortford know that many of those billions will be converted into income in the next few years as people want to enjoy their lives but much of the rest will ultimately spent on care or passed on as inheritance.

Providing for Care in later life is poorly understood by many but health is extremely important to think about because, while retirement may reduce work stress, there is evidence that giving up work can lead to adverse longer-term effects, perhaps due to reduced physical activity and social interaction. At Enable our IFA’s can see for themselves that may people are living longer but healthy life expectancy has not increased as rapidly. This means many more people spend many more of their retirement years in poorer health, which can have a huge impact on both the cost and standard of living.

Care however is hard to plan for – not just because the whole structure of social care is currently under review and set for reform and will probably have to reform again and again. About one in three older people require care in later life so, although the odds are against it happening to us, we should not be surprised if it does. Enables experienced Independent Financial Advisors are used to talking through difficult financial planning like this – having a plan is a real step in the right direction.

Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 - Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.
NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE.

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IFA Bishop's Stortford

At Enable Independent we know that our clients trust us and rely on our advice to help them to plan a better, more secure financial future. This is a responsibility that we take very seriously especially because we know that many clients have chosen us on the recommendation of friends and family. Each one of our advisers has deep expertise in their area of specialist knowledge and, as a team, we hold some of the highest qualifications available in the financial advice industry.

Our job satisfaction comes from using our skills to find workable, affordable and flexible solutions to meet our clients needs. Whether we are planning for known future funding requirements such as house purchase, school fees or income in retirement - or for the unforeseen such as job loss, long-term illness or early death, our independence from any product provider enables us to view the marketplace impartially. Our training permits us to look beyond a product's marketing hype and select on the basis of its fitness for purpose.