Posts Categorized: Elder Care Issues
Families find financial discussions difficult
Conversations about retirement and aging are always tricky – as shown by a recent American study that found a significant lack of proactive discussion and engagement between family members on key financial topics. The company behind the research, wealth management firm Merrill Lynch, says that this is a cause for concern, as a lack of… Read more »
Priority for savings differs between the genders
Recent research by Friend’s Life, conducted as part of its month-long focus on gender, has revealed that men and women have different priorities when it comes to saving – but saving for retirement falls low on the list for both genders. After essentials such as household bills, mortgages and loans, 18% of women prioritise saving… Read more »
Selling your home to pay for care
The Alzheimer’s Society has responded to recent research released by NFU Mutual, which found that around three quarters of people who go into residential care might have to sell their home to pay for care. The research also found that half of councils have been forced to cut spending on residential care in the last… Read more »
Patients wary of NHS ability to provide long-term care
Patients across the UK fear for their long-term care and believe that it will only be secure if health and social care is paid for through a combination of State and family funding, according to a survey by KPMG. Yet, with many families unable to bear the cost of long-term care needs, a significant proportion… Read more »
Survey suggests time has run out for retirement planning
A recent survey into Retirement Readiness has uncovered a worrying lack of preparation among those closest to retirement (55+). The survey, by Aegon UK, found that: Of those within ten years of state pension age, more than three in ten don’t know how much they’ll need to live on in retirement. Three in ten of… Read more »