New studies show that individuals with an inheritance plan use the cash to fund their retirement plans. This information follows on from a specialist report identifying four primary actions that may help retirees plan a more fruitful financial future.
Be Realistic in your Retirement
It is believed that around 53% of all retirees are unable to turn their retirement aspirations into a reality. Such individuals need to be realistic with their aspirations, especially considering the fact that 47% of working-age individuals plan to semi-retire before they completely retire. This suggests that people need to seriously consider their long-term plans when it comes to work and retirement to find a solution that suits their financial situation.
Investment can be a wise move in these circumstances and there are plenty of available options aside from your traditional methods. Options such as Peer-to-Peer lending are growing in popularity during times where traditional lenders are not delivering the desired products.
Peer-to-Peer Lending
Here at Wellesley, we strive to create a number of products that have been tailored through consumer demand. Our aim is to make lending straightforward. It is, however, recommended that Peer-to-Peer lending is part of a wider investment portfolio as there is a degree of risk involved. Peer-to-Peer lending investments are not covered by the Financial Services Compensation Scheme (FSCS) and therefore it does pose certain risks as your capital is not guaranteed if a borrower fails to repay their loan. The risks are outlined here.
For more information please call one of our team today on 0800 888 6001. Wellesley & Co are Authorised and Regulated by the Financial Conduct Authority.