TITLE

'Treat equity release as a last resort'

PUB. DATE
September 2008
SOURCE
Community Care;9/25/2008, Issue 1740, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the warning of "Which?" to the pensioners and their families to turn to equity release schemes as a last resort only to meet care, support and housing costs. "Which?" states that equity release can cause major problems when the homeowner's circumstances will change. Moreover, any money from equity release can also alter the amount of means-tested benefits that pensioners are entitled to.
ACCESSION #
34985709

 

Related Articles

  • Operating on OPEB. Miller, Girard // Governing;Oct2008, Vol. 22 Issue 1, p52 

    The article reports on the need for new laws to help finance the medical costs of retirees in the U.S. It discusses the deficiencies of state laws for the operation of Other Post-employment Benefits (OPEB) plans and the absence of legislative authority and guidance that will establish an OPEB...

  • What business needs in order to meet its OPEB obligations. Nehrling, A. Herbert // Financial Executive;Mar/Apr89, Vol. 5 Issue 2, p48 

    This article discusses proposed Financial Asset Standards Board standard on accounting for Other Post-Employment Benefits obligations. This has become an issue for corporations because of the magnitude of the expense and liability numbers which will appear on financial statements. Corporations...

  • Public: Detroit Bankruptcy May Hit Library Pensions. Warburton, Bob // Library Journal;12/1/2013, Vol. 138 Issue 20, p14 

    The article discusses the possible aftermath affects of municipal bankruptcy in Detroit, Michigan. It states that retired employees of Detroit Public Library (DPL) are concerned regarding the fate of their retirement benefits, which could be targeted for significant cuts. It also highlights the...

  • Near Retirees Can Expect $400K in Health Care Costs. Moore, Rebecca // Plan Sponsor News;2015, p69 

    The article focuses on the "2015 Retirement Health Care Cost Data Report" released by HealthView Services in the U.S. Topics covered include the average expected retirement health care costs for a healthy couple retiring at age 65, the percentage increase in projected lifetime retirement health...

  • Save Now, Pay Later: Corporations Prepare for The Cost of Retirement Benefits. Kahn, Sharon // Management Review;Apr92, Vol. 81 Issue 4, p28 

    Discusses preparations of corporations in the United States for the cost of retiree medical benefits. Burden of retiree medical costs; Growth in interest in prefunding retiree medical costs; Lack of incentives in prefunding. INSETS: THE NEW INDUSTRY OF PREFUNDING PRODUCTS;ALTERNATIVE FUNDING...

  • Don't let unexpected costs ruin your retirement.  // Central Penn Business Journal;5/22/2015, Vol. 31 Issue 22, p13 

    The article shares insights into making sure retirement is not ruined by unexpected costs that include having a realistic idea about the cost of funding a secured retirement, taking into account unusual expenses in budgeting, and considering health care costs.

  • Long-Term Approaches to Managing Retirement Healthcare Costs. Armes, David // Journal of Financial Planning;Dec2009, Vol. 22 Issue 12, p48 

    Retirement healthcare costs are a long-term financial liability Financial planners can serve as an important resource in helping their retired clients manage these costs wisely Typically, individuals incur almost two-thirds of their retirement healthcare costs during the last half of their...

  • Boomer Clients' Biggest Fear. Corbin, Kenneth // Financial-planning.com;9/12/2014, p6 

    The article discusses a survey conducted by financial services company Merrill Lynch and research firm Age Wave on issues involving retirement planning for Americans 50 years and older, or the Boomers. Topics covered include the impact of health care costs on retirees, the role of financial...

  • Before the Well Runs Dry: Cutting the Cost of RETIREE HEALTH BENEFITS. Hanks, Clyde A. // USA Today Magazine;May89, Vol. 117 Issue 2528, p86 

    Discusses the degree to which employers can control expenses of retiree health benefits and limit their future liability in the U.S. Need for employers to know what they pay for retiree benefits, what their commitments for the future entail and what they will pay as commitments come due; Reason...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics