ICR226: Why you should pay for your own care
This week on the show, I’m going on a bit of a rant and talking about why you should pay for your own care in later life.
This was triggered by some new research from Saga, something a journalist asked me to look at earlier in the week. As an Accredited Later Life Adviser, it’s something I think about a lot. Whether you’re in retirement or a lot younger, this has so much relevance for you, so do keep listening.
Also on the show this week, there’s a personal finance news update; everything you need to know about the world of personal finance this week in five carefully selected news items. I share my favourite money article this week, a random fact about money, and leave you feeling inspired with an inspirational personal finance quote.
There’s also the aftershow, where I talk about what’s going on in the world of Informed Choice right now – and why, after recording this episode, I’m jumping in the car to drive down to sunny Folkestone.
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Personal finance news
-It takes earnings of £134,170 a year to be considered ‘wealthy’, according to new research.
-New figures show a record number of taxpayers are paying income tax at the highest rate.
-The annual rate of house price growth in the UK is continuing to slow.
-The average employee only has enough cash savings to last them for a month if their income suddenly stopped.
-Eurozone economies have reported better than expected economic growth in the first quarter.
Money article of the week
-“MY GIRLFRIEND KEPT £30,000 OF DEBT A SECRET. WHAT SHOULD I DO?”
Aftershow links
–Informed Choice inheritance tax seminars
–Homo Deus by Yuval Noah Harari
Get answers to your personal finance questions
Do you have a personal finance or investing question for Martin?
Email martin@icfp.co.uk or ask on Twitter @martinbamford.
You can call our dedicated podcast voicemail line on 020 8144 2745 with your question or visit www.icradio.co.uk/voicemail to leave an online voice message.
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