In this issue
Financial planning when you are in your 50s; Estate planning and ways to reduce Inheritance Tax; When should I start planning my retirement?; How to use Trusts to gift money; How to fund long-term care; Will you choose a care home or care at home?; What happens to my pension when I die?; Using your retirement to help and inspire others; U3A is the next stage of your learning journey; Never a better time to make a song and dance; Joining a walking group a step in the right direction; The importance of exercise in retirement; Pilates and its benefits during retirement; A walk in Corsham Park proves the power of art; Retirement and care living supplier noticeboard
From the editor
Unless you are really lucky, the chances are that you will be working beyond statutory retirement age, I know I will be, lottery wins not withstanding. However, whatever age you plan to retire, the most important decision you can make is to start planning and talking to a financial adviser about your options: how much will you need, what debts should you clear, where will you live, how will you pass on your money, what pitfalls are there to avoid, what opportunities to take? Retirement is another stage of life, which is why good planning can help you take advantage of your ‘leisure’ time and the opportunities it affords. Of course, simply relaxing may not be your thing and there are many ways you can spend your time to keep both body and mind active, whether that is enrolling on an academic course, taking on mentoring work, volunteering, travelling, taking up a new hobby, or something else entirely. Of course, it is important that you keep active, fit and healthy and one of the wonderful things about joining a club or an exercise group is that you stay fit and healthy while meeting plenty of new people of all ages. We have a number of great ideas in this year’s guide for doing just that.