Pensions

[Evans Electric]

They have been on about pensions all day because of this strike and its prompted me to post on the subject.

Younger guys, you need to be starting a private pension , give it some thought , don't be relying on the state pension . It may seem like a long way off but take my word for it , it goes in a flash.

You may need to wait till the work picks up again but don't leave it.

None of us know how the economy will go but I think its better to have one than not have one.

Just thought I'd run that up the flagpole and see who salutes it.

 

[Zeespark]

Thanks for that Deke, I have actually been speaking to an advisor, and he has given Me some figures for both between now and when I retire, and costs from leaving school till now. If I get on top of it soon, the amounts I will stash away will see Me clear. I just hope the government don't perform a grab on it like the last Labour government did. A point to note is that for the equivalence, the private sector would have to invest 7 times what the public sector does to achieve the same pension income at retirement age.

AndyGuinness

 

[sellers]

My plan is to buy property I don't trust companies with my money.

 

[m4tty]

+1 I don't even trust banks or anyone else with my hard earned.

 

[Evans Electric]

Trouble is , no one can guess at what may happen in the future.

Who would forsee those mad drugged up ba$tard$ flying planes into the Two Towers . my pension had nosedived by 10/11 .

It slowly recovered .

And then we found that the so-called experts who ran the banking system were just a bunch of greedy ...no account...Oooooh .... errrrrrrmmm.... Merchant Bankers!!!!!

Nosedive No.2

 

[Zeespark]

Whats gets Me Deke, are the bank managers saying that they have to pay the big bucks to retain talented bankers... and where might they be if not ring-fencing their bonuses? and talented banks wouldn't take mega risks with peoples cash if they were strongly regulated.

AndyGuinness

 

[Evans Electric]

Property investing should be a good thing Sellers .

I'm quite an investment expert actually, I bought up all the Gary Glitter records ready to cash in on a nostalgia revival in the future.

Also bought thousands of shares in Betamax , Sinclare's C5, cassette tapes, 78 RPM records , 8 track car stereos, backed England to win the World Cup , every four years since 1966, along with Villa to win the Premiership.

Also carry a huge stock of wooden Rawlplugs and slotted screws and Crabtree C5 MCBs , 2BA screws and Whitworth nuts (no bolts) A lorry load of flared trousers and platform shoes .

Investing in classic cars is also brilliant .

Anyone want an Austin Allegro (with square steering wheel and talking dashboard) ?

Austin Ambassador ???

MK1 Cortina???

A35 Van ?

Oh well ......one day we'll be millionairs, Rodders

 

[MajorOak]

I have been thinking about this a lot and have come up with the win win situation!! It's called Peter's 2 step retirement plan!!

1) Keep your head down till 65 or maybe 70.

2) Rob a bank, if you get away with it you're are minted for life problem solved. If you get caught, you get banged up, 3 square meals a day, a gym, sky+ plus p.o.r.n. channel, loads of mates to talk about the good old days and a plot to grow your own veggies, problem sorted!!

 

[Evans Electric]

My cousin's company pension was Equitable Life . They went bust . The company went bust. Managment buy out , took them forever to find which company had taken over Equitable Life's policies, but they were there all right , although the original directors had been dipping into the pension fund , somehow , I think he,s OK now . Soon know , he packs up in August.

Does that affect you Captain Canoe ? I think the Ombudsman can trace your fund if theres a problem.