Lamport Bassitt Solicitors - Legal News - Retirement plans 'scuppered by over-reliance on property values'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Retirement plans 'scuppered by over-reliance on property values' Citizens looking to benefit from insurance and personal finance advice could explore the advantages of reducing their reliance on property for their personal wealth. Phil Perry, co-founder and co-director of Ark Financial Planning, hinted that the way in which many people allocate their funds in favour of mortgage repayments is not commensurate in matching a high-quality lifestyle in retirement. "There is still this emphasis on property-rich and cash-poor that needs to be addressed by a lot of people," he advised. Mr Perry went on to add that many individuals "still haven't put enough money on one side to give them the right lifestyle in retirement". As such, some citizens develop an over-reliance on equity that may restrict their spending power in later years. The remarks come after MGM Advantage revealed that five per cent of non-retired Britons feel they are fully prepared for their post-working life. In comparison, the equivalent figure in 2008 was 39 per cent. Posted by Helen Causer Related Articles: 24/12/2010 - Older drivers 'safest in poor weather' 17/12/2010 - HSE launches web tool for risk assessments 5/10/2010 - New asbestos ruling over mesothelioma disease 20/9/2010 - Theft affects one in eight students yearly 16/9/2010 - Students being 'careless with money' More Insurance Law News