Looking Forward To An Active Retirement
Great News - We're Living Longer!
Retirement is a time when you should be able to enjoy the rewards of your hard work and look forward to doing the things you like to do best. It really is a time to release your potential.
Retirement is no longer regarded with trepidation, as today we live and remain fitter for longer. As a result your retirement could last for 25 years or more. Latest government figures show that the average 65 year old male will today live to the age of 81 and the average 65 year old female to the age of 84. Indeed, projections suggest that life expectancies at these older ages will increase by a further three years or so by 2020. The expectation of life for people at 70 and 80 has also gone up. At present there are more people aged 70 and 80 than ever before.1
Over the years your home will have provided you with fond memories, comfort and security and now it is probably your greatest asset. This asset could provide you with your greatest opportunity, by enabling you to release some of the value in your home to help ensure a more secure financial future. You could soon have a cash sum in your hands and still be sitting comfortably.
Average property prices have risen significantly from £59,587 in 1990 to £154,107 in 2005 and have continued to rise to £192,745 in the first quarter of 2006.2
Releasing The Potential In Your Home
A Hodge Equity Release Plan can provide you with the opportunity to satisfy any potential financial needs you may have. So whatever your requirements, just sit back and daydream for a moment...
- Imagine your 'dreams' becoming a reality. You could use some of your Hodge Equity Release Plan to treat yourself to a holiday break now and then.
- Closer to home - possibly your home could do with a face-lift? Improving your creature comforts, or making the garden easier to manage, could make a big difference to the way you enjoy your everyday life.
- Using a Cash Reserve facility could help you meet recurring or unexpected expenses. You could relax instead of sitting there worrying.
- Independence! We all dream of it - whether it is the open road, visiting loved ones more often, or just taking a trip to the shops. Perhaps your Hodge Equity Release Plan could put you in the driving seat of a more reliable car?
- Why not put your cash sum to work to provide you with extra income? There are a number of options available and you should discuss these with your financial adviser.
Sources
1 www.statistic.gov.uk Sept 2006
2 Land Registry England and Wales