Retaining your independence during retirement

Retirement doesn’t mean losing your independence but can actually enhance it in some situations. Those that have always wished to fulfil a number of dreams and goals now have all the time in the world to do so. There is no longer a need to work every waking hour, you can instead spend a number of leisurely days partaking in a range of exciting and action-packed activities.

You may however, quite simply wish to relax. If this is the case, a retirement apartment may be exactly what you are looking for. This housing allows you to maintain your own independence whilst still having help and support close-by should you need it.

This help may come in the shape of a carer (an individual who can help you with day-to-day chores) but doesn’t necessarily equate to round the clock care. You can rely on them as much or as little as you need in a later living apartment – an ideal balance.

A new beginning

A number of retirement apartments understand that getting older the beginning of a new era. In order to enjoy this time, it’s worth giving your finances some consideration.

In order to release a little collateral, it is important to plan ahead. An equity release calculator will allow you to calculate exactly how much you have to play with in terms of funds tied up in your property and choosing to unlock this could be a hugely beneficial.

How much you release will usually depend on a few factors, such as the value of your property and the rate of your current pensionable income. Entering your details into an online system will allow you to instantly reveal how much money you have available.

Once you have worked out your finances, you can concentrate on the finer things in life! You may wish to embark on a sightseeing tour, a golfing holiday or alternatively, see a certain artist in an action-packed concert. All the things you never had the time to do prior to retirement become possible with more time, and a little money, available.