Retiring

Manchester33 said:
I don't think this works in reality though. At the moment prices are sky high because demand far outstrips supply. If you make it harder to build a profitable venture, there's less cause for the private sector to build more facilities and the burden again falls to the taxpayer.

Surely there's a gaping hole in the market for a large chain of privately owned facilities that don't charge you an arm and a leg for their services. They could undercut the competition whilst still offering a more 'premium' service than public sector care facilities?
Click to expand...
Depends how you set the profit limit and how much inwards investment you mandate to improve facilities, wages of care staff and training.
Most of the large care providers are backed by overseas hedge funds which buy properties and rent them back to the providers at exorbitant costs, they do the same with loans for purchasing equipment. So even the money that is coming from central government and local authorities is being siphoned off whilst the quality of care remains static. There is a report knocking about on the internet written by Prof Bob Hudson from the University of Kent that details the shady carry on.

Anyway back to retirement, fingers crossed only 512 weeks, 2 days, 10 hours and 42 mins to retirement.
 
Kompany Car said:
Depends how you set the profit limit and how much inwards investment you mandate to improve facilities, wages of care staff and training.
Most of the large care providers are backed by overseas hedge funds which buy properties and rent them back to the providers at exorbitant costs, they do the same with loans for purchasing equipment. So even the money that is coming from central government and local authorities is being siphoned off whilst the quality of care remains static. There is a report knocking about on the internet written by Prof Bob Hudson from the University of Kent that details the shady carry on.

Anyway back to retirement, fingers crossed only 512 weeks, 2 days, 10 hours and 42 mins to retirement.
Click to expand...
It really is criminal. Some very heartless people in the world, unfortunately.


Those 500 odd weeks will fly by! ;)
 
It is one of the things that people simply do not think about fully when they are younger...I only really started thinking about it when I hit 50, although amazingly for me, I did have the foresight when I started my career to purchase added years to allow me to get my 40yrs in when I turn 60.

My job and the experience of others who I have worked with has made me realise that it is vital that you get things sorted as soon as possible and retire as soon as you can. Give yourself as much you/family time as you can possibly get.

I worked with one guy who did 47 yrs in the job and died within 8months of retirement. Another good friend retired last March and has just been given 3 yrs to live. So any youngsters reading this...GET YOUR PENSION SORTED!
Dave Ewing's Back 'eader said:
Retirement: to be able to do what yer want, when yer want, but most importantly IF yer want.
Click to expand...
...and then that can be you with hopefully plenty of years still ahead of you!
 
LGWIO said:
It is one of the things that people simply do not think about fully when they are younger...I only really started thinking about it when I hit 50, although amazingly for me, I did have the foresight when I started my career to purchase added years to allow me to get my 40yrs in when I turn 60.

My job and the experience of others who I have worked with has made me realise that it is vital that you get things sorted as soon as possible and retire as soon as you can. Give yourself as much you/family time as you can possibly get.

I worked with one guy who did 47 yrs in the job and died within 8months of retirement. Another good friend retired last March and has just been given 3 yrs to live. So any youngsters reading this...GET YOUR PENSION SORTED!

...and then that can be you with hopefully plenty of years still ahead of you!
Click to expand...
By the time I'm 94 I will consider I have had all my superann back! After that, it's all free money!
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top