It is a sad fact of life these days, but more and more people are facing redundancy in our fast changing economic world. Last month saw around 170,000 more people enter the unemployment figures, with the total out of work figure expected to reach 2,000,000 by Christmas.
Unfortunately, many victims of this massive and unexpected life change will be those approaching retirement, without any real prospects of getting other work. If you are one of these people you need to act, to ensure all your ‘ducks are in a row’, so to speak, to get your financial affairs in order.
It might be that you are facing taking that pension annuity earlier, or that you suddenly see some need to utilise some of that tax free cash you are entitled to, to clear off credit card debts, for example.
However, the point is, do you really know what you can do, what options are open to you with your finances? Perhaps you have other sources of capital or income that can be taken into account?
Talk to a specialist, you might find that redundancy and retirement is not that bad after all.
