A Sunny Investment Outlook
The Times - Saturday 18th November 2006
Mark Atherton meets a couple looking to put an inheritance into a buy-to-let property abroad
Elizabeth Carless and her husband, Dave, enjoy what to many would seem a pretty idyllic existence at their home in a village near Lincoln. The mortgage on their £200,000 house is paid off and their children have both flown the nest, but they still get to see plenty of Sophie, their ten-month-old granddaughter.
They have a nest egg of £37,000, Dave, 60, still works part-time as a driving instructor and Elizabeth, 57, is in the process of receiving a £270,000 inheritance from the estates of her parents.
The one cloud on an otherwise sunny horizon is that Elizabeth was made redundant at the end of last month from her £25,000-a-year job as an IT instructor at a college of further education. Though she received an £11,000 payoff and is drawing a local government pension of £280 a month, she is seeking another job to boost her income.
Read more about the Yellowtail approach to retirement planning on The Times website.
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Sophie Stewart - London
