Equity release is not the only way property can be used when planning for retirement. Peter Girling looks at renting accomodation
Many people today have the property, but not the money to enjoy their impending retirement. Thanks to disappointing pension payouts and rising living costs, many people are already looking at options which will enable them to release capital tied up in property in order to fund their retirement. Financing retirement is fast becoming the most critical issue today. According to research by the Independent Financial Advisers (IFAs) Promotion, the need for advice about retirement planning was the driving force behind the record demand for IFAs in 2006. People over 60 are increasingly turning t...
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