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50 ... assume long life and be frugal or open up?
Hi All As the title suggests I'm 50 in March..... time to think about things... I've got no mortgage, have a nice house, great wife and kids (kids are older and still live at home but that's another story!) Got my own IT business which I suspect I'll find increasing difficult to keep up with so may need to scale back soon…
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Saving for my grandchildren
I have a 4 month old granddaughter and would like to start saving now for something really meaningful. I was thinking I would put away £1 week for the first year, £2 a week for the 2nd year £3 a week for the 3rd etc . Anyone got any advice one where to put this money and what to do with it?
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Maximum savings before they can be used for care?
Unsure if this is the correct place to ask, please point me in the right direction or move the post if wrong. I am POA for my parents, and youngest of their four children. They are fortunate enough to own their own home and have worked hard to have some savings. My father has some health and dementia issues, and we are…
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Change of career at 52
Has anyone changed career direction over 50? Ive just finished a BSc degree with the open university and work in admin but feel with a good 15yrs work left to do, I should be aiming for a career rather than a job and am thinking of training for HR. Its expensive however and I wonder whether employment wise I'm a bit over…
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Deprevation of assets
I have come into some money that I do not need. I am keeping some for myself, but would like to give my 4 children some to enjoy. Is it ok to give them say £20,000 each to spend on what they want ? I am 64 in good health and have no intention of dying in the next 20 years.
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Am I losing my marbles or is my sight failing...
Now, I don’t come onto this section very often, but I pop in from time to time to catch up on the ‘everyday man approaching retirement’ thread and the thread devoted to and supporting widows. Can’t remember its proper title. But, having caught up with the first, I can’t find the second one. Has it been moved? I think I…
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Free NHS prescriptions
I have a prepaid prescription card expiring April. I am 60 in February. Can I claim a rebate from February to April when my prescriptions will be free?
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Mistake on will date
My mother dated her will like this 16th January 20@18 the @ sign is where she scribbled over a nought she put in by mistake. Should she rectify the mistake by putting a line through the year and re entering 2018 then initialling it if so does she then also need to date the initaling? It's very obvious she has entered 2018…
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Donating your body to science
My wife and I would like to donate our bodies to science when we die, what’s the best way to go about this?
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where to find an emergency fund
Hi all - I am trying to pay off debts and get my credit cards down but I am really struggling to have a separate emergency fund as well. How do other people start to get their EF? I was wondering about using any sales I have for it rather than putting it on the visa but then I think that the interest I pay on visa…
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Care and state pension?
I thought some one with experience of this may be of help When a relative goes into residential care which is funded by the council, they then obviously lose their pension BUT how do they get the £23(?) a week they are allowed to keep? Thanks in advance
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50th time lucky - voluntary euthanasia
:beer: News just come through of another step up the ladder elsewhere in the world. https://www.dignityindying.org.uk/latest/ This seemed like the most appropriate Board to share it on - as many of us start to take more of a personal interest in how things are in this respect once we reach this agegroup.
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Care Agency agreement process
Have been phoned by an agency who are going to be providing care for a relative - they listed all the things they have been asked to do and said "is that OK with you" .. and basically they want the money, though they didn't give any indication of the cost of any of it! I currently am registering LPA and have no idea how…
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Deprivation of assets query
Hello, It looks like Mum will be going into sheltered accommodation and selling her house. She can afford the sheltered accommodation from her pension income and so is thinking of giving the money from her house sale to the grandchildren/great grandchildren to help them with housing costs. If after a year or 2 she goes…
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LPOA and Self Employed Carers
Help, my partner and I have LPOA for an elderly gentlemen, who has lost or is losing mental capacity, sohe is now at the stage where he needs additional care, and rather than employ external carers, we would like to provide that care for him as self employed carers. We have LPOA for both health and finance. if we were to…
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Mums house being sold for care but she has now passed
Hello My Mum passed away on Friday, she has suffered with dementia for many years so this has been a blessing. Her property was taken over by the local council late 2016 to be sold to help costs of her residential care. The question that the family has now is that the property has not sold (not worth a lot plus a leasehold…
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Free will service for over 55s
I've searched and this info doesn't appear to be lurking anywhere on the forum! This is all year round- not limited to Oct / Nov Find a solicitor in your area or a home visit can be arranged. Free will service from Cancer Research full details here: www.cruk.org/freewills or 0300 123 7733 (M-F 8-6)
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LPA and Investment Account (Provider)
Hi I have asked this question over on one of the the Savings & Investments threads but didn't get much feedback so, thought I'd ask here. My mother has a number of stocks held in paper certificates. Recently myself and my brother were set up with Lasting Power of Attorney. Despite the fact that we have financial LPA my…
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Turned 50, now what?
So I turned 50 yesterday, this is the over 50's forum, so what exciting things can I claim or do etc? I can't retire for another 17 years, so not really interested in all that stuff (I do have work pension to look forward to in another 17 years). But since I've now hit the big 50 and this forum is called over 50's, I…
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Things to do after early retirement?
I am mid-fifties and plan on taking early retirement, possibly in the first quarter of next year. I'm active and in good health, have decent pension arrangements, and have a list of things I want to do, but I'm interested to hear any reports from folk who have perhaps retired early in the past. In particular, anything in…
