Welcome to Fab after Fifty

At Fab after Fifty we are passionate about women over fifty making the best of their lives. There has never been a better time to be 50! We'd love you to join in the conversation. Be Seen. Be Heard. Don’t be invisible. Be Fab after Fifty!

Join Free Today!

Join Our Community Today

Join a community of like-minded women making the second half of life the best half! The Fab after Fifty community is all about informing, sharing and inspiring.

It’s always good to share with friends- old and new, so why not make yourself a cup of coffee or pour a glass of wine and join in the conversation.

Get Started!

Style

Check out our latest style tips and picks to look fabulous over 50!

It’s always good to share with friends- old and new, so why not make yourself a cup of coffee or pour a glass of wine and join in the conversation.

Style

Diet and Fitness

The latest in nutrition and fitness to be healthy over 50!

Diet & Fitness

Beauty

Tips to look best possible fabulous YOU!

Beauty

Career

Whether you're setting up a business or looking for employment, make sure you're marketable over 50

Career

Time For All the Hard Work to Pay Off


Article by Stef Oates

Reaching our fifties is a time to celebrate. We should be enjoying life after working hard for so many years and one way we can achieve this is through financial freedom. It might be that you are already in a financially strong position but for so many of us, the rising cost of living will have had a noticeable effect.

However, there are ways to unlock that extra cash to ensure that you can start enjoying life again to its full potential. Equity release schemes, of which there are different derivatives, and annuities can supplement your income so that you can make the most of the things you love in life.

Think of them as a way of making the most of your hard work and savings!

Annuities

An annuity lets you convert your pension savings into a regular income, giving you access to additional funds at various periods so you can start planning what you want to do.

It means you can start enjoying your money that you have worked so hard to save up.

Age Partnership are independent specialists who search the equity release and annuity markets to find the best solution for you.

Equity Release

Equity release schemes unlock some of the value in your home, releasing it so that you can supplement your income. These schemes may be an option for those whose pension provision is not sufficient to meet every day financial requirements. There different types of equity release schemes:

  • Lifetime mortgages
  • Drawdown  lifetime mortgage
  • Home reversion plan

Lifetime mortgages and drawdown lifetime mortgages are very similar products. They allow you to release a lump sum from the value of your home. The only difference derives from how you receive that lump sum.

With a lifetime mortgage you will get the money upfront whereas a drawdown lifetime mortgage allows you to release the money over time; as and when you need it. With both you continue to own 100% of your home.

A home reversion plan sees you sell a percentage of your property with any interest and charges factored into the sale.

As always you should always seek independent financial advice prior to making significant financial decisions – at any age!

Ceri Wheeldon

Ceri is Founder and Editor of Fabafterfifty.co.uk She is a frequent speaker at events and in the media on topics related to women over 50 , including style and living agelessly. With 20+ years experience as a headhunter Ceri also now helps support those looking to extend their working lives.

More Posts - Website

Follow Me:
TwitterGoogle PlusYouTube

Loading Facebook Comments ...

Add a comment

Skip to toolbar