The one thing that is certain about later life is that you will probably spend much of your working life planning, financing and looking forward to it. Every one of us will have a definite idea about how we would like to lead our life after the responsibilities of working and family life have slipped from our shoulders.
However you wish to lead your retirement years it is important to make provision and plans from as soon as you can. The more financial wriggle room you give yourself the better, especially if you have grand plans to travel.
One of the biggest decisions you will have to make will be how and when you should move from the family home, downsize to a more affordable and realistic apartment or retirement property and release that all-important wealth accrued over the years.
Keeping it real but thinking laterally
As your retirement years approach the most effective weapon to employ is a good dose of realism. The more realistic you are about what you can afford and what you will be able to do, the better your later life will be in the long term.
There are financial advisers who can help you with planning your finances, but it helps to have an idea of how you would like to live during later life before you start planning how to fund it.
Thoroughly modern retirement homes
You will find a wide range of good-quality providers of retirement properties based throughout the UK. These properties are usually set in self-contained, secure and convivial complexes, which offer an independent life lived on your terms.
The best of the bunch offer top-notch apartments to retirees and some, such as McCarthy & Stone, offer apartments for both those who are wholly independent and those who require assistance.
Each apartment is well thought-out and specially designed to meet individual needs.
The great thing about companies such as McCarthy & Stone is that they offer a number of other services, including professionals to guide you through the sale and purchase of your properties, financial advisers who can explain the intricacies of equity release schemes, benefit advisers who can help you work out your state benefit entitlements, and resale teams for when you decide to sell your retirement apartment.
Such retirement homes are there to make your later life as enjoyable as possible. Forward-thinking in their design, they offer self-contained apartments, run by staff and a manager 24 hours a day.
There are lounges where you can meet neighbours in social gatherings, quiet areas for contemplation and guest suites for when family want to stay over. In fact, every consideration is taken care of. Security is top-notch too, so you can happily go out and about in the knowledge that your new home is as safe as houses.
Have you thought about later life yet? How would you like to live?
Disclosure: This post was brought to you by Kira. Photo credit: Francisco Osorio