Mel Kenny, a Chartered Financial Planner at Radcliffe and Newlands Wealth, shares her expertise on later life financial planning. She discusses the alarming rise in care costs and the lack of a cap, highlighting the financial strain on families. The conversation explores regional cost variations, especially between the Northeast and London, and how property values influence funding options. Kenny also emphasizes the importance of proactive planning, discussing strategies like annuities and equity release to ensure financial stability during transitions to care.
