You can consider paying for care using liquid assets or income.

If you or a loved one needs care and you’ve established that you will need to pay some or all of the costs yourself, this makes you a self-funder. There are 9 main ways to pay for your care, which I summarise in my video ‘Paying for care as a self-funder’.

In this video I will explain the advantages and disadvantages of the fifth of those 9 options – using liquid assets such as cash savings, or income.

Check out my other videos on funding care:
Paying for care as a self-funder: [ Ссылка ]
What happens when you run out of money to pay for care: [ Ссылка ]
Asset Protection Trusts and paying for care: [ Ссылка ]
Paying for care with a Deferred Payment Scheme: [ Ссылка ]
Paying for care with rental income from your home: [ Ссылка ]
Paying for care with equity release (or lifetime mortgage):[ Ссылка ]
Selling your home or downsizing to pay for care at home: [ Ссылка ]

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Thanks for checking out my YouTube channel - I’m Justin King and my aim is to help people to live successful lives.

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If you're planning your retirement and want to make the best use of your wealth to provide for your family throughout retirement and beyond, or work out how best to pay for a loved one’s care, I may be able to help you.

As a Chartered Financial Planner at boutique retirement planning practice, MFP Wealth Management, I help successful people retire with complete financial confidence.

To explore whether I could help you, get in touch at [ Ссылка ].

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This video is for information and entertainment only. Nothing on this channel constitutes financial advice. Please do not make any decisions based on the contents of my videos; seek professional independent financial advice first!

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