Retirement 'must be funded by multiple sources'

Over 50s have been advised to ensure they are not relying on a single source of income to fund their lifestyle needs during their retirement years.

Recent research from Baring Asset Management has revealed that 2.8 million Britons are reliant on their property to finance their retirement, with 74 per cent of those having neglected to make any alternative plans in the last year.

However, this approach could lead to shortfalls due to the effect of the recession and falling house prices.

Keith Churchouse, director at Churchouse Financial Planning, therefore advised people to ensure they explore other potential investments to safeguard themselves, such as placing money in ISAs or selling up their business interests when they retire.

He said: "Don't be reliant on one of these options to meet your objectives because having a couple of horses in the race at least gives you the opportunity to have choice."

To view businesses and services in our Finance section click here

Homebase is the UKs second largest home improvement retailer and is recognised for choice, style ...
Silver Travel Advisor
Have your say and you could win a Greek Island villa holiday. If you like holidays and ...
For some of the most talked-about TV, get Sky TV. In all, we've 100+ digital entertainment ...
Make a Will Online
Make a Solicitor checked Will Online with Gloss Legal
Travel News
All-inclusive holidays 'offer value for money'
Finance News
Recession 'causing problems for over 50s abroad'
Dating News
Online dating 'can give over 50s another chance at love'

We Luv Sweets
New Zealand Holidays
Kirra Tours 100 Percent Kiwi New Zealand Holidays by New Zealanders. Although larger than the UK, New Zealand has a ...
The only prostate supplement with 100% pure Beta-Sitosterol