Later Life Toolkit
At Magenta we help clients to build plans for their future security and happiness and this includes thinking about later life and the complexities people may face as they get older.
With an ageing population and old age care demands continuing to rise, accommodating healthcare costs in retirement is an increasingly important issue.
At Magenta we focus on the bigger picture and take into consideration the quality of life and happiness of our clients. Julie Lord, our Chief executive is an accredited later life advisor with SOLLA (Society of Later Life Advisors,) and we champion the needs of older clients and their families.
We know that as we get older, our memory is not always what it was and that it can be hard to remember everything. As we age we may need to rely on others more, be it family, neighbours, doctors, professional advisers and even help at home. At some stage, we may even have to go into a care home and try to manage these costs.
According to the Alzheimer’s Society, more than 1 million people in the UK will have dementia by 2025. One in five people over 85 already suffers from it, with rates significantly higher among women than men.
During many discussions with clients, it has become obvious to us that there are many free or inexpensive resources available to help with financial decisions, organisation or passing useful information on to your family or executors upon illness or death.
The good news is, we have put together a tool kit, full of free tools and ideas to help you.
In our toolkit we have included services, skills and tips that will enable you to:
- Complete your Wills and Powers of Attorney
- Write a comprehensive Letter of Wishes
- Consider Advance Directives
- Organise all your financial and life information in one place
- Have a better understanding of how nursing care is funded and whether you or your family will need to pay
- Potentially delay the effects of ageing on your brain
- Be financially secure
- Pursue your life goals without worrying about money
- Be happy
We are also offering a free 30 minute Magenta Later Life telephone call, offering both financial planning guidance and a friendly ear, if you need support.