The cost of retirement could top £1million for those living to the age of 100 - and many will have to sell their homes just to cover nursing costs. A report has warned that today’s generation aged between 48 and 65 face having to raid their savings and to cash in property to cover escalating care home costs and other essential bills.
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Many people delay planning for retirement because it seems like a daunting task. Because the idea of saving enough money to retirement is so overwhelming, it gets scary, so we deal with it by avoiding it. We tell ourselves that we’ll start later and do just fine when we retire.
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francis
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