• Pension Gaps and Elderly Care Costs: Are You Ready for Your Future Retirement and Care Needs?

  • Jan 3 2025
  • Length: 7 mins
  • Podcast

Pension Gaps and Elderly Care Costs: Are You Ready for Your Future Retirement and Care Needs?

  • Summary

  • 🎙️ **New Episode Alert!** 🎙️ Are you prepared for the financial and personal challenges of aging? In our latest episode of the **Chasing Care Podcast**, we dive into the growing **pension shortfall** in the UK and its ripple effects on elder care. 🧐 **Did you know?** The average pension pot in the UK is only **£37,000**, but the cost of live-in care can range from £1,000 to £2,000 *per week*! With the State underfunded and Local Authorities stretched to the limit, private care is quickly becoming the only option for many. 🔑 **Key Takeaways:** ✔️ The importance of factoring in care costs when planning for retirement. ✔️ How the UK's care crisis could affect you or your loved ones. ✔️ Why high-net-worth families need to rethink elder care planning, much like they would for childcare. 💡 Whether you’re a financial advisor, part of a Family Office, or just planning ahead, this episode is a must-listen. We’re challenging you to think beyond pensions and take elder care seriously. 🎧 Listen now and subscribe to **Chasing Care** for more insights on navigating the complexities of aging and care. 📩 Got questions? Reach out for advice from experts like **Network Live In Care** to prepare for the future with confidence. 👉 #ChasingCare #ElderCare #RetirementPlanning #LiveInCare #FinancialPlanning #CareCrisis

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