132 The 9 Accelerators of Successful Retirement Planning - Funding Care
The office of Fair-Trading estimates that 30% of over 65-year-olds have to fully fund their care in later life. They also estimate that around 25% of those self-funding, run out of money. These figures are likely to change, with the new health and social care levy that was announced on the 7th September 2021. But that announcement doesn’t change the importance of planning how you will fund care in your later life. Once again, my wife and business partner, Kathy, is back with me to discuss the process of finding and funding care. There are many ways that you could fund care, as a self-carer, and we explore a few of the lesser-known options available. For more in-depth information about care in later life, head over to my YouTube channel to watch my series all about finding and funding care.