It seems these days more than ever, parents are helping out their adult children financially. It’s fairly common place for parents to want to help out their children, whether they’re lending money to to support a business venture, repay debts or help buy property. Ideally the money is paid back over time and
Something that we all have in common is that we can’t control time. When we arrive at retirement age although it’s a time for us to relax and enjoy our twilight years, it can be a stressful time for a lot of people who haven’t planned ahead.
A Green Paper from the Actuaries Institute, Unlocking Housing Wealth, released last month claims that the family home is a store of considerable, though relatively untapped, wealth for current retirees. The paper addresses the dilemma of current asset-rich, cash-poor retirees whose wealth is tied up in the family home.
Retirement’s great. Well at least it looks pretty good from the outside. I hope to do it myself one day. You’ve probably spent most of your life shouldering work and family responsibilities. You start counting down the days until you can kick back and focus on you and just enjoying yourself.
It’s everyone’s worst nightmare. The thought of your family fighting over your assets…but what can you do to avoid it?
Your aged care is one of the most important decisions you’ll ever make, but all too often we put off making any decisions until it’s too late.