How do I get my Dad off my back?

julieq

the_ash_and_the_oak wrote: »

not really feeling this tbh. a variety of different ways to invest savings around now imo

Well done. But bear in mind that assuming a home costs, say, £750 a month to rent, you need to generate after-tax income from savings of the equivalent of about £9K pa, say £12K of actual income throughout your retirement. Just to have somewhere to live. That'll take a fair bit of active management unless you have a large pension pot, otherwise you'll find it runs down pretty fast and all that shrewd saving and investment will come to nought. Not sure I fancy running an investment portfolio into my dotage personally, but hey ho.

Whereas all the numpties who foolishly bought their home will have somewhere to live and be able to use the investment income to live on.

And of course all the plasma TV watching f eckless will be living in rented houses paid for by your taxes.

I should imagine that'll be a pretty irritating state of affairs generally really.

mbga9pgf

julieq wrote: »

Well done. But bear in mind that assuming a home costs, say, £750 a month to rent, you need to generate after-tax income from savings of the equivalent of about £9K pa, say £12K of actual income throughout your retirement. Just to have somewhere to live. That'll take a fair bit of active management unless you have a large pension pot, otherwise you'll find it runs down pretty fast and all that shrewd saving and investment will come to nought. Not sure I fancy running an investment portfolio into my dotage personally, but hey ho.

Whereas all the numpties who foolishly bought their home will have somewhere to live and be able to use the investment income to live on.

And of course all the plasma TV watching f eckless will be living in rented houses paid for by your taxes.

I should imagine that'll be a pretty irritating state of affairs generally really.

hey, that is what state support is for surely comrade?

To be paid for by the !!!!less losers that didnt actually go out and spend their fortunes on junk in their youth...

the_ash_and_the_oak

julieq wrote: »

Well done. But bear in mind that assuming a home costs, say, £750 a month to rent, you need to generate after-tax income from savings of the equivalent of about £9K pa, say £12K of actual income throughout your retirement. Just to have somewhere to live. That'll take a fair bit of active management unless you have a large pension pot, otherwise you'll find it runs down pretty fast and all that shrewd saving and investment will come to nought. Not sure I fancy running an investment portfolio into my dotage personally, but hey ho.

Whereas all the numpties who foolishly bought their home will have somewhere to live and be able to use the investment income to live on.

And of course all the plasma TV watching f eckless will be living in rented houses paid for by your taxes.

I should imagine that'll be a pretty irritating state of affairs generally really.

dunno about this really. Kinda feel as you approach retirement if you savings/investment strategy has paid off (ie been better than HPI) should really be looking at buying a house at that point for cash.

long term renting can mean 50 years, or it can mean 17 years then change horse if it looks a better bet at that point. Don't really see the value in backing one horse exclusively regardless of any changes out there imo