balders 12:08 Wed Mar 2
pension
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Looks like most of us will have to work till were nearly 70
http://www.theguardian.com/money/2016/mar/01/state-pension-age-could-rise-faster-than-expected-say-experts
With so many city bods , financial experts (and H&P) what is the minimum you really need in your pension pot
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Replies - In Chronological Order ( Show Newest Messages First)
BRANDED
12:10 Wed Mar 2
Re: pension
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Depends how well off you want to be. It seems madness that people aren't working till they are 70 in most jobs to be honest with people living so much longer. When they set the age of 65 most blokes did heavy manual work and lived to 66.
Personally I'd want a million in the pot by 65.
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Northern Sold
12:11 Wed Mar 2
Re: pension
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My plan is to go at 60... nothing has changed... just that I have paid more (over the past few years) for that dream.... both my Grandad's died in their mid 60;s... one took early retirement so he had 4 years with me Nan.... the other did not... my Mortgage is up when I am 52... pressure off.... I'm still going at 60
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BRANDED
12:12 Wed Mar 2
Re: pension
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I'd hate to retire. I love to be working on the day I die.
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Grumpster
12:14 Wed Mar 2
Re: pension
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Thankfully I'll be long dead by then, so have never bothered with a pension.
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Hugh Jampton
12:15 Wed Mar 2
Re: pension
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My mortgage isn't due to be paid up until I'm 69 anyway!
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Private Dancer
12:29 Wed Mar 2
Re: pension
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I'm with Grumps, I couldn't give a fuck. Way too sensible for me to worry about what might be 25 years away.
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Annony
12:32 Wed Mar 2
Re: pension
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Mugs game, can't take it with you.
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madeeasy
12:40 Wed Mar 2
Re: pension
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you're better off investing now and reinvesting and having liquid cash.
Key to it all is to invest what you can now, to have as large of a passive income as you can.
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overbyyer
12:50 Wed Mar 2
Re: pension
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Its another scare tactic - must the same civil servants that are looking after the IN campaign.
Pay all you want in, the admin fees and the other penalties are a rip-off.
Live your life, but don't spunk away money you haven't got, don't remortgage your house beyond its viable value and except that downsizing to a smaller home when you retire is not a life failure.
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,
12:59 Wed Mar 2
Re: pension
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Over by, it is not a scare tactic but more a reality tactic. The fact is that demographically people are living longer and the state pension will not cope in its present form without raising the pensionable age.
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BRANDED
1:01 Wed Mar 2
Re: pension
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Yeah. An obvious bring up to date tactic. Like working together.
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Sniper
1:17 Wed Mar 2
Re: pension
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It's actually pretty ridiculous how long the pensionable age stayed at 60/65. I'm guessing governments were too scared that the suggestion of raising it would cost them an election.
I'm 33 and I reckon the retirement age will be more like 80 by the time i get there.
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overbyyer
1:50 Wed Mar 2
Re: pension
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Comma, its only a reality tactic for people who have lived recklessly and have no other meaningful form of income other than a state pension.
People who have remortgaged several times on an interest only mortgage basis and will have to sell the house at the end of the term.
Fleeced by admin charges, losing half of the pension pot when you die. Pension schemes that collapse, or are found to have been subject to am employer's pension contribution 'holiday'.
If you've got enough set aside in terms of hard cash, assets and equity in property etc then why would you pay into a scheme that wants you to die before you get all your money back?
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riosleftsock
1:55 Wed Mar 2
Re: pension
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What is ridiculous (and would be illegal if an employer did this), is taking our pension contributions and spending them on political projects and trying to fund today's pensioners from today's contributors.
Its fucking barmy.
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Big Dave
2:03 Wed Mar 2
Re: pension
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National pension has always looked like some kind of ponzi scheme
As has been said, average lifespan has been increasing for years but noone - Tories or otherwise - had done a thing to change it until recently. Bonkers.
What we need is a good old fashioned plague epidemic
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Mr John
3:26 Wed Mar 2
Re: pension
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what pisses me off is the generation thing: The old now have it so fooking easy having benefitted from:
a) massive house price boom;
b) proper career jobs;
c) gold plated final salary etc pensions;
d) 'trip locked' current state pensions;
e) better funded public services back in the day
f) early retirement
g) the wives that could afford to stay at home and look after kids whilst husband worked.
and the current young/middle aged generation have to put up with:
a) massive government debt;
b) massive house prices;
c) fooked up public services due to (a);
d) no retirement due to (a)
e) complete lack of any decent industry or manufacturing
f) cut backs in any forms of tax relief (marriage allowance, child benefit, pension cut backs). so we pay more and get less;
g) wives that have to go out to work because the husbands can't bring enough wedge home. And then you have to spend a fortune on child care because the older generation are too busy frigging going on holiday to do a bit of childcare.
h) a country that's gone to the dogs.
which of course, is all thanks to the older generation. Yeh. Nice one. Thanks a fucking lot.
And despite all that, the government never have a pop at the older generation when it comes to taxes and spending cuts. BECAUSE THEY KNOW THEY'RE THE ONLY ONES THAT VOTE.
This country is shite.
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Northern Sold
3:34 Wed Mar 2
Re: pension
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Mr John... yeah but we had TB and Rickets
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BRANDED
3:37 Wed Mar 2
Re: pension
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Mr John
It will take about 30 years to sort that shit out. Meanwhile the old cunts still moan.
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1964
3:39 Wed Mar 2
Re: pension
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All bollocks. Wher's the evidence we are all living longer. I'm 65 and all I hear is my old workmates popping off.
In the 70s when a lot of technology was coming on board we were sold the pup that new technology would make everyone be able to work less and retire earlier.
What happened to that? Who got the benefit?
I fear for my kids and grandkids I relly do!
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Sniper
3:40 Wed Mar 2
Re: pension
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Spot on mr John
Imagine having a mortgage on a house for £20k? And the house actually being worth ten times that only a couple of decades later?
Old people are shit
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