Life expectancy has risen significantly in recent years, both in the UK and globally. While living longer is a positive development, it also brings new considerations, particularly when it comes to your health, finances, and the need for long term retirement plans.
Staying physically and mentally well throughout a longer life isn’t down to luck alone. It requires conscious decisions about your lifestyle, including your diet, exercise routine, and mental wellbeing.
At the same time, a longer life means your finances need to go further, making careful financial planning essential to enjoying a comfortable and stress-free later life.
Alongside practical wellbeing tips to help you make the most of a longer retirement, this helpful guide also explores how you can build greater financial security for the years ahead. It covers some of the key challenges that may come with living longer, including:
- You may choose to delay retirement as life expectancy rises
- Planning for potential care needs becomes more important
- Estate planning strategies may need to evolve to suit a longer lifespan
Download your copy here: “Planning for a longer life: Wellbeing tips and financial management strategies” to find out how a longer life could affect your long-term plans.
If you’d like to discuss how to plan effectively for a longer life, we’d be happy to help. Just get in touch today.
Please note: This article is for general information only and does not constitute advice. The information is aimed at retail clients only.
Please do not act based on anything you might read in this article. All contents are based on our understanding of HMRC legislation, which is subject to change.
The Financial Conduct Authority does not regulate estate planning, cashflow planning, tax planning, trusts, Lasting Powers of Attorney, or will writing.
A pension is a long-term investment not normally accessible until age 55 (rising to 57 from April 2028). The fund value may fluctuate and can go down, which would impact the level of pension benefits available. Past performance is not a reliable indicator of future performance.
The value of your investments (and any income from them) can go down as well as up, and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. As part of your long term retirement plans, it’s important to factor in investment risk and ensure your strategy aligns with your goals and attitude to risk.
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