When thinking of your future, savings are an important aspect. With so many different long-term saving options available, it can be difficult to choose which is right for you. Here’s a quick rundown of the pros and cons of the main options for what to do with long-term savings. Continue reading
Re-mortgaging your home mortgage can sometimes make good financial sense for many people. The difficulty many homeowners have is determining when the right time to refinance might be.
Everyone’s financial situation is unique, with varying incomes and expenses. Different people also have their own individual financial goals.
Learning how best to manage finances is something many people believe they are adept at. However, research consistently shows that many millions of UK adults are putting their financial future at risk by failing to save adequately, or by refraining from making stable investments. Continue reading
Saving money is more than being financially responsible and knowing how to budget your monthly salary. You have to actively make decisions towards putting money aside every month, which can be easier said than done. It’s easier to spend money than to save, particularly if you have a lot of spendings you can’t go without every month.
There are a few simple and easy steps that you can take to save money for the future:
When it comes to pension rights, everybody should be entitled to the same. Even though this hasn’t been the way for many years, as time progresses so do rights, and most importantly of all, same sex couples.
In Mid-July, a supreme court judge ruled a man and his husband to have the same pension rights as an opposite sex couple would have, which magnified the point scheme discriminating against same sex couples. So, what happened when John Walker went to court to fight for his right for equal pension rights?
The way we work is constantly changing but, with it, the way we retire is also facing changes. The official retirement age is on the rise and, from 2037 onwards, you will have to work until 68. As that age rises, more people will be thinking about how they can plan for the future and at what age they will be able to retire. You may have heard the phrase ‘phased retirement’ recently, but what is it, and could it work for you?
Being financially responsible is essential, but it can be easier said than done. You know you have bills to pay every month but you also want to treat yourself and buy nice things. Having both isn’t as difficult as it might seem – simple changes to how you spend and save money will help you get there.
So, how can you adapt your lifestyle to become more financially responsible?
The subject of pensions can sometimes seem like a mind-boggling one. Percentages, dividends and all them figures can be enough to make the brain burst! After all, rules seem to change all the time and it can seem like a lot of work to keep on top of new and constantly changing regulations. We have discussed pensions before, such as with our article that debates the possibility of saving £22,000 for your retirement, as we believe it is an important topic that shouldn’t be brushed under the carpet.
As we grow older, the cost of long-term care is something that many of us begin to worry about. Spending just four years in a residential or nursing home can cost over £114,000, an expense that can quickly work through your life savings. Looking at numbers in this size is enough to make any individual panic.
It comes as no wonder then that the prospect of paying for long-term care can cause unneeded worry and stress to a lot of people. But, by planning for long-term care and speaking to specialist financial advisors, such as the team here at Burton & Fisher, you can help ease your concerns and address any worries.