Pensions Planning: The NUMBER

jamesd

bendix, agree about the current turmoil cause. One of the routine causes of civil strife. Not sure about you being right about costs, though, depends how close to a new Korea it manages to get and how fast. Good luck however it turns out, though.

exil

bendix wrote: »

Yes, I have. Plus I lived there for five years and have property there, understand the political situation much better than Sky TV instant experts and Fleet Street headline writers.

The country is going through some turmoil. It will pass.

If you based your retirement decision based on media coverage, I would have thought the UK - with all its problems - would be way down any list of desirable places to be with its chav culture, its random violence, its endemic social problems, its benefit culture and its debt.

85 deaths are not figments of journalists' imaginations.

property.advert

exil wrote: »

85 deaths are not figments of journalists' imaginations.

You ain't seen Songkran. Hundreds of deaths in a week, every year, thousands seriously injured, every year. Guess that doesn't make headlines news http://www.bangkokpost.com/breakingnews/175108/361-deaths-during-songkran

Go ask any family and you'll hear about a mother or father dead, uncles or cousins dead, few grandparents older than 60, babies dead, children with horrific physical handicaps because of a lack of medical aid at birth, the list just goes on and on.

There are a few underlying issues in Thailand and the populous have taken a quasi dictator to their hearts as he bribed them to follow his lead. I don't like Thaksin or Toxin as he is widely pilloried, but you have to say the last 4 years have been downhill.

I used to worry that it would be the king's death that would cause people to rise up amid the inevitable power struggle which will follow but the people are marginalised and vulnerable to the whims of the elite on one side and the corrupt on the other. Actually, swap those two parties around and you have the same problem as they are both elite and both corrupt.

As some said, the UK is screwed. Take what you can and head for the exit.

What I find strange in this thread is that people are still working out their "number" based on some terrible annuity they seem to want to buy. I thought education had enlightened people that annuities are daft for most people.

Harry_Powell

You don't have to buy an annuity unti you reach 70, and soon even that will be abolished. My 'number' is £25k per year.

:xmassign:

bendix

property.advert wrote: »

You ain't seen Songkran. Hundreds of deaths in a week, every year, thousands seriously injured, every year. Guess that doesn't make headlines news http://www.bangkokpost.com/breakingnews/175108/361-deaths-during-songkran

Go ask any family and you'll hear about a mother or father dead, uncles or cousins dead, few grandparents older than 60, babies dead, children with horrific physical handicaps because of a lack of medical aid at birth, the list just goes on and on.

There are a few underlying issues in Thailand and the populous have taken a quasi dictator to their hearts as he bribed them to follow his lead. I don't like Thaksin or Toxin as he is widely pilloried, but you have to say the last 4 years have been downhill.

I used to worry that it would be the king's death that would cause people to rise up amid the inevitable power struggle which will follow but the people are marginalised and vulnerable to the whims of the elite on one side and the corrupt on the other. Actually, swap those two parties around and you have the same problem as they are both elite and both corrupt.

.

According to my sources in Thailand, the King's silence has caused outrage amongst normal people. The smart money is on him being completely incapacitated at the moment - probably in a coma - but the authorities havent been able to mention it while the protests have been going on for fear it would inflame the situation more.

It would explain his silence.

bendix

Harry_Powell wrote: »

You don't have to buy an annuity unti you reach 70, and soon even that will be abolished. My 'number' is £25k per year.

:xmassign:

Actually, it's 75.

And you're right . . that's scheduled to be abolished under this administration.

Gatser

Harry_Powell wrote: »

My 'number' is £25k per year.

Thanks Harry
What's the breakdown please?

£25k sounds good and achievable to me.... at present.:T

Gatser

Harry_Powell wrote: »

You don't have to buy an annuity unti you reach 70, and soon even that will be abolished. My 'number' is £25k per year.

:xmassign:

Thanks Harry.
£25k is around mid point for me at present too.

I am keeping a flexible attitude to my NUMBER so I do not get too disappointed if markets do not recover by my SIPP drawdown start date in 2013.

I guess this is where splitting the NUMBER into BASICS NEEDED . NICE TO HAVE & LUXURIES comes in... as we cannot guarantee our income going forward (with SIPP's).....

maggieann155

i ve done some sums for our basics

home :

council tax 1200
gas elec water 1200
cable/home phone/broadband/tv lic/moby 1100
house ins 250
food 3380

one car :

ins/AA/tax 400
service/mot 200
fuel town 520

my hair! 340


total 8590

ive not included any repairs/replacement to home/car . we would use capital for that as it somewhat unknown.

so probably need double that to have a little life as well!!

what your thoughts?
ps , have i missed out anything important!

TMFTP

My sister's called Margaret Ann - so on THAT basis, you've missed out my birthday and Xmas presents you skinflint!