Five financial tips for over-50s
Hitting ‘half century’ mark doesn’t mean you’re over the hill. It’s the perfect time to transform your life with a few easy money manoeuvres
Have you hit the big 5-0? If so, it’s time to take a long hard look at your finances. Over-50s will probably need to boost health cover, bump up their pensions and start thinking about how their estate is going to be divvied out. But don’t despair. You could have as much as one third of your career left to top up your pension. Hopefully, your kids are also nearly grown up and the mortgage is under control, so you have room for financial manoeuvre.
Here’s a five-step guide to transforming your post-50 finances.