Posted on 09/07/2017 07:04
just recently I keep receiving booklets from "key retirement " about releasing cash from my property, now the question I ask is , should I bin the booklets and not touch it with a barge pole or do they have some merits
i own my home and do not have any dependents , on one hand I could retire early but on the other could I be on to a big looser
opinions please
Posted on 12/07/2017 18:17
I gave it a listen and no I hadn't heard it before so not as daft as I feared. Very interesting. Lots to consider but my impression was downsize remortgage etc whilst your still young enough and think hard how long you may live and how your needs may change. I believe you still have both your parents and barring accidents and nasty diseases they say it follows for the next generation.
I don't think people realise how fast compound interest builds up 😲😲😲. 425000 over 10 years 800000. Also about full or partial draw down. Compound interest at 5% or thereabouts. Younger you are the smaller the percentage they would offer. Oh soooo much to think about makes my head hurt lol. But do think best advise on there was would you tell your granny to go ahead?
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huskydog
Motorhomer