Not the question you asked but I think they’d be mad to rent at that age if they can afford not to.They then decided not to buy but are happy in a long term rental.
Do they have kids who they want to inherit it?They want a zero hassle investment for the equity?
Assume, if you will, that whims are not the issue. And secondly yes kids will want to inheritNot the question you asked but I think they’d be mad to rent at that age if they can afford not to.
They won’t run out of money to pay rent but are at the whim of a landlord who can terminate the tenancy for a variety of reasons.
No one needs that kind of uncertainty so late in life.
Do they have kids who they want to inherit it?
What other income, assets, savings, debts, etc. do they have?Hi
An advanced couple in their early 70s decided to sell their PPR and sell up and trade down, realising about 1.4M. They then decided not to buy but are happy in a long term rental. They want a zero hassle investment for the equity? Not property. Any thought please?
They then decided not to buy but are happy in a long term rental. They want a zero hassle investment for the equity?
are happy in a long term rental.
I don't think that it's necessarily that complicated.This all sounds complicated. Is there a trusted Financial Advisor that the majority recommend?
Agree fully - direct investment in a portfolio of equities. Any CGT liability will die with them.They should invest the money in equities as when one of them dies, their inherent Capital Gains will disappear.
Why would someone do this?Hi
An advanced couple in their early 70s decided to sell their PPR and sell up and trade down, realising about 1.4M. They then decided not to buy but are happy in a long term rental. They want a zero hassle investment for the equity? Not property. Any thought please?
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