Author | Message |
Are you saving for your retirement? I pay weekly into a works pension which is final salary based. Recently I've been thinking about paying into a private scheme but too many of my friends say that this is quite risky and I would be better hiding the money under my bed. But I shall give that a miss and maybe open up a seperate savings account. It's something that I've been giving a lot of thought into.Im 35. I dont want to be a poor pensioner.
How are you preparing for your retirement
Fuck the funk - it's time to ditch the worn-out Vegas horns fills, pick up the geee-tar and finally ROCK THE MUTHA-FUCKER!! He hinted at this on Chaos, now it's time to step up and fully DELIVER!!
KrystleEyes 22/03/05 | |
- E-mail - orgNote - Report post to moderator |
In Holland, if you work for a company, it usually goes automaticly, so i've been paying for years already...you kinda have to.
On the other hand, i never check it, because i'm not that interested in it, which is a bad thing, but i still have at least 30 years to go, i don't know what will happen in 30 years! | |
- E-mail - orgNote - Report post to moderator |
10% of my paycheck goes towards my 401K. | |
- E-mail - orgNote - Report post to moderator |
No, I don't plan to retire, I plan to work until I die, even if I'm 90. If I keep still, I might die faster. I figure that I can still put some money on the side for rainy days, and if I live simply, then things will work out.
I did use my retirement money to help pay off stuff presently though which has helped tremendously. | |
- E-mail - orgNote - Report post to moderator |
I'm not, since I don't really make any money | |
- E-mail - orgNote - Report post to moderator |
I plan to die before I hit 65.
| |
- E-mail - orgNote - Report post to moderator |
Ex-Moderator |
5% of mine goes in and my company matches that.
|
- E-mail - orgNote - Report post to moderator |
I'm not sure exactly what you mean by "private scheme" but if you mean making investments of your own into stocks and/or bonds for example, I don't think that's necessarily a bad idea at all. Having your money in a state-run pension fund means that you've made the exact same kinds of investments only that you give all the power and control to the unknown fund managers.
| |
- E-mail - orgNote - Report post to moderator |
muirdo said: I pay weekly into a works pension which is final salary based. Recently I've been thinking about paying into a private scheme but too many of my friends say that this is quite risky and I would be better hiding the money under my bed. But I shall give that a miss and maybe open up a seperate savings account. It's something that I've been giving a lot of thought into.Im 35. I dont want to be a poor pensioner.
How are you preparing for your retirement
I'm in the dame position as you, sane diet if age and paying into a work pension scheme. The trouble is I'll get fucked in the ass at the end of it all and probably end up with nothing - double edged sword though because day to day life is too expensive to have any other savings (and my pays not low by any means) but if I cancel the pension input I'll have a bit more take-home pay but that won't get chance to be paid in elsewhere. The system pisses me off in this country because I know people who are better off staying at home doing fuck all but choosing to have kids and therefore getting mire benefits...whereas I work my ass off and see more that a quarter (sometimes near a third) of my wages taken in tax, NI, student loan repayments, pension etc etc | |
- E-mail - orgNote - Report post to moderator |
Yes, but I didn't start early enough and I still don't put enough in there. I'm never going to be able to retire. We don’t mourn artists because we knew them. We mourn them because they helped us know ourselves. | |
- E-mail - orgNote - Report post to moderator |
Personally I don't do any kind of saving or planning for my future. Thankfully my husband has a good job with a good pension and is also really good at saving. When the kids get to an age where they can move out, we have already decided to down-size our house too. Hopefully everything should work out ok.
But if our marriage ever goes tits-up, i'll be buggered. | |
- E-mail - orgNote - Report post to moderator |
Yeah I guess it would be harder to bugger your marriage if it's on its back, so you'd have to take one for the team. | |
- E-mail - orgNote - Report post to moderator |
Well i'm all up for that kind of buggery! | |
- E-mail - orgNote - Report post to moderator |
See, your marriage is saved already. lol | |
- E-mail - orgNote - Report post to moderator |
Hoorah for buggery!
| |
- E-mail - orgNote - Report post to moderator |
My company used to match up to 5%, but then the economy tanked and now they don't match at all. | |
- E-mail - orgNote - Report post to moderator |
Yep, definitely. Maybe not as much as I would like, but I am saving. | |
- E-mail - orgNote - Report post to moderator |
My job contributes 8% of my salary. I also have annuities and stocks, but the stocks are very iffy. Since I plan to retire within the next 5 years, I hope I'll have enough to be comfortable. I don't need to be filthy rich, I just want to be able to buy whatever I want and go where ever I want to go. And since I'm a devoted homebody, I won't be spending a whole lot of money travel. | |
- E-mail - orgNote - Report post to moderator |
No. I'm not much of a saver. I'm sure I'll wake up soon anyway. | |
- E-mail - orgNote - Report post to moderator |
So you're aiming for early retirement or will you actually hit that age in the next five years? | |
- E-mail - orgNote - Report post to moderator |
Did we go for a pint? I can't recall............... Fuck the funk - it's time to ditch the worn-out Vegas horns fills, pick up the geee-tar and finally ROCK THE MUTHA-FUCKER!! He hinted at this on Chaos, now it's time to step up and fully DELIVER!!
KrystleEyes 22/03/05 | |
- E-mail - orgNote - Report post to moderator |
muirdo said:
Did we go for a pint? I can't recall..... Not yet. I'm having teeth taken out this weekend...how you fixed the weekend after not this, but next weekend? Two weeks this weekend, I mean. Do you know what I mean? | |
- E-mail - orgNote - Report post to moderator |
Tomorrow I get some "abnormal" test results news, so maybe I won't have to!
| |
- E-mail - orgNote - Report post to moderator |
I know that feeling.
Hope all is ok. | |
- E-mail - orgNote - Report post to moderator |
JustErin said: Tomorrow I get some "abnormal" test results news, so maybe I won't have to!
See, you have a sense of humour. [Edited 9/9/10 12:20pm] | |
- E-mail - orgNote - Report post to moderator |
damn, I thought company matches were an urban myth! My Legacy
http://prince.org/msg/8/192731 | |
- E-mail - orgNote - Report post to moderator |
NDRU said:
damn, I thought company matches were an urban myth! They do it with my company too. But I want all my money now dammit. I don't think I'll be around long after 65 though, if I'm around at all. Too much damage for sure. If I baffle the medical world, I'll just sell my house - which should be paid off by then - and live in a tent, rich as fuck. | |
- E-mail - orgNote - Report post to moderator |
Thanks, I'm actually really freaking out inside, but I'll survive.
Or maybe not!
| |
- E-mail - orgNote - Report post to moderator |
Did I miss something with your edit? | |
- E-mail - orgNote - Report post to moderator |
JustErin said:
Did I miss something with your edit? No, I just forgot to italicise the 'you'. It wouldn't have made sense without it. Probably still doesn't. Erin, what does make sense? | |
- E-mail - orgNote - Report post to moderator |