There are people who are over 50 with retirement looming on the horizon living in a state of denial when it comes to their future financial security.
(PRWEB UK) 23 January 2013
Loxley McKenzie, Managing Director of Colordarcy commented “Not all over 50s are worried about their future, however there are people who are over 50 with retirement looming on the horizon living in a state of denial when it comes to their future financial security.
For some reason, despite working hard for most of their lives and making regular payments into their pensions, I find it disturbing that there are people out there who really have no idea how they will cope after retirement on a dramatically reduced income when work stops.”
It is not as if the standard UK pension fund, on which the average person over 50 relies, makes annual returns worth shouting about either, according to analysts at Colordarcy. The average is 4.3 per cent which doesn’t sound bad until it is compared to RPI inflation, which is currently running at 3.1%.
Colordarcy also highlight that there is also the hidden effect, recent economic troubles have been having on those nest eggs which have yet to be collected.
So will governments ride to the rescue and bring inflation under control over the course of the next 10 years? According to Colordarcy analysts, this is unlikely when inflation usually goes hand in hand with economic growth, which is likely to return to healthier levels within the next decade.
This leaves those over 50s who haven’t prepared enough for retirement or who are busy enjoying the last decade of their working lives taking holidays abroad and buying fast cars in a potentially perilous position.
Colordarcy analysts say that today’s over 50s can look back on a time when they could listen to punk rock and rebel against the system, however time catches up and those that fail to prepare for retirement will need that system to help them sooner than they think.”
Thankfully there are solutions. One of them is to invest in property that generates a high return.
Investing in property in the UK is, in most cases, expensive with little to no meaningful growth anticipated outside London for some years. The alternative for investors who have little or no time to wait is too consider investing overseas in one of the remaining fast growing property markets.
McKenzie added “investing in property means that those nearing retirement can take advantage of an asset that is rising in value from the time they buy it and they can be secure in the knowledge that their tenant will pay the bills and generate an additional income.”
Apartments in Istanbul for less than £50,000 with 20% projected growth could see an inflation busting return on investment and a regular income from your tenants even after retirement.
Notes to the editor:
Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Colordarcy investment property portfolio includes some of the best properties for sale in Brazil, Florida, Turkey and the United Kingdom.
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