Retirement is supposed to be a relaxing time, when you kick back after decades of work and enjoy the fruits of your labour. But there are concerns that a large number of people are in real danger of running out of money once they hit retirement. According to new research from Just Group, around one person in 14 is at “high risk” of making particularly poor decisions over their later-life finances. The research found that while half of over-40s have a basic level of knowledge needed to make good decisions around their pension and spending in retirement, a significant minority are in real danger of ending up penniless in their old age. The study found that it was those aged 40-44 and the people just below the age of 55 who were most likely to fall into the high risk category. So what are the knowledge gaps that are putting people at risk? And how can we avoid making those mistakes? How long are you likely to live? The first issue is longevity, or how long we are all likely to … [Read more...] about Warning signs you’ll spend the last 30 years of your life poor
10 year pay whole life insurance
It’s no secret that in Germany, Versicherung, or insurance, is king. Whether it is to cover your home, car, work-life or person, you want to make sure that you are in-the-know about which services you should have. We are here to help with a full guide to the different types of insurances and when you might need them. Insurance for when you’re sick With so many different kinds of health insurance, it's good to know the differences. Photo: DPA Krankenversicherung (health insurance) is the mack-daddy of all insurances, because without health insurance you are not even allowed to be in the country. There are two basic types of health insurance in Germany - public and private. And trust us, there are some big differences between the two. Public, or statutory health insurance, is required for everyone earning less than €4,462.50 per month, or €53,550 per year, and what you pay as a … [Read more...] about What you need to know about the complicated world of German insurance
Scotland By Lucy Adams & Marc Ellison BBC Scotland correspondent 7 June 2018 Share this with Facebook Share this with Twitter Share this with Messenger Share this with Messenger Share this with Email Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.co.uk/news/uk-scotland-44151702 Read more about sharing. These are external links and will open in a new window Close share panel The basic cost of a burial in Scotland has risen on average by 75% since 2010, BBC Scotland research has revealed.A recent Citizens Advice Scotland review said of … [Read more...] about Basic burial costs rise 75% in eight years
Barbara Marquand NerdWallet Published 11:00 p.m. UTC May 28, 2018 A vital part of any financial plan is making sure loved ones would be OK if you died while they still depended on you. For most people that means buying life insurance. Term life insurance is the most affordable and simplest kind, and it’s sufficient for most families. It covers you for a certain number of years — in contrast to permanent life insurance, such as whole life, which covers your entire life. But even with a simple term life policy, you can trick out the coverage with extra features, called life insurance riders. They enhance your coverage but usually add to the cost. First things first You want to understand the options, but don’t let the extras distract you from your main goal. “Lead first with getting the proper amount of coverage with the correct length of policy at the most competitive price,” says Scott W. Johnson, owner of Marindependent Insurance Services in … [Read more...] about Life insurance extras: Which coverage riders are worth the price?
A grandfather who came to the UK aged seven, before going on to serve in the Grenadier Guards, said he felt "betrayed" when he was refused a British passport. Tadeusz Polanski, 74, was born in the colony of Southern Rhodesia, a predecessor of modern day Zimbabwe, in 1944. His Polish parents fled there from the Nazi-occupied, Polish city of Krakow during the Second World War. Read more Home Office agencies 'rife with discrimination and harassment' Son of Windrush couple refused passport and misses daughter's wedding Mother of Windrush citizen blames passport battle for son's death The family then moved to Britain and Mr Polanski spent six years in the Army, before going on to run a pet shop in Birmingham for 33 years. But while his father, mother, brother and sister all became British citizens, Mr Polanski remains limbo more than 20 years after his first application for a passport was refused in 1996. "Essentially I was told that even … [Read more...] about British Army veteran who has lived in UK for 67 years faces fight for UK passport amid Windrush scandal