Life’s 2nd Act: A journey into finding direction and purpose

I would love to... but where's the money coming from?

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In this episode, I speak to Stuart Wilson about the current borrowing landscape, attitudes towards retirement planning and the options available, such as equity release.
 
We also explore the shift from retirement time to ‘living time’, and how equity release has transformed lives of some. 
 
Stuart also touches on his personal position  at 54, recently being made redundant and how we don’t reflect as much as we should on what we have achieved in life.
 
Takeaways
  • The borrowing landscape for post-55ers has become more challenging, with changes in interest rates and the mortgage market.
  • Attitudes towards retirement planning have shifted, with more focus on living time rather than retirement time.
  • Equity release is a popular option for leveraging the value of one's home to fund retirement, but it requires specialist advice.
  • There is still confusion surrounding retirement planning and the options available.
  • Reflecting on one's achievements and being kind to oneself are important aspects of later life.
  • Financial stability and the ability to explore new opportunities are key factors in navigating the uncertainties of later life.

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    Chapters

    00:00 - Intro and Setting the Scene 

    03:24 - The Current and Changing Borrowing Landscape

    08:34 - Options for Those Looking for More Money 

    13:27 - The Power of Equity Release

    14:00 - Evolution of Products

    17:00 - Equity Release: Stories

    24:30 - Stuart’s Personal Story

    26:51 - Navigating the Uncertainties of Later Life

    30:56 - Stuart’s Close to Death Experience

    38:50 - Conclusion and Take Always 

     
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    Find out more about the show: www.lifes2ndact.com

    Find out more about Simon Burgess

    Linktr.ee: https://linktr.ee/lifes2ndact?utm_source=linktree_profile_share<sid=e6404aa8-44c8-4530-a097-891dbf3faeea
     
    Life's 2nd Act is produced by www.sugarsnap.tv
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    Life’s 2nd Act: A journey into finding direction and purposeBy Simon Burgess