Pensions Planning: The NUMBER

zygurat789

Quote:
Originally Posted by whiteflag
A surplus of income over expenditure of £18000 pa escalating at 3% per annum for the next 17 years.

So whats your number and how have you calculated it?

The back of my envelope says that will amount to just over £400,000 which at a (very generous) 6% gives a pension of £24,000 pa.


It does not appear to have been possible to confirm your maths

whiteflag_3

zygurat789 wrote: »

Quote:
Originally Posted by whiteflag

So whats your number and how have you calculated it?

But I asked you that.

I gave you my number and then asked you what your number and how you had calculated it? You didnt answer that question

It does not appear to have been possible to confirm your maths

Was that a question? I thought it was a statement of fact. You wouldnt be able to and neither could I without using the sophisticated software that Gatser has ridiculed , even though she knows nothing about it.

zygurat789

Do you really believe you help people understand their financial situation?
You are totally obtuse and make statements which you are apparently unable to justify. Put up or shut up.
If you really want to know I've never had a number and since there are always unforseen circumstances I would consider this method to be the bare minimum.
Now are you going to answer the question you've been asked twice or perhaps you can't. Your figures were so large perhaps you made a miscalculation.

whiteflag_3

zygurat789 wrote: »

Do you really believe you help people understand their financial situation?

Yes. But some people are either beyond help or just dont want to be helped.

On this thread my aim was to do just that , but then the OP calling my first post sarcastic didnt help did it?

You are totally obtuse and make statements which you are apparently unable to justify

For example?

Its about time you two either "Put up or shut up"- What a nice phrase btw , guess your proud of that one

If you really want to know I've never had a number and since there are always unforseen circumstances I would consider this method to be the bare minimum.

Thanks for your reply

Now are you going to answer the question you've been asked twice or perhaps you can't. Your figures were so large perhaps you made a miscalculation

But I have answered it, I use the software which is available to anyone in the UK. You might think the figures are large , the unfortunate thing is they are just realistic. If you think im going to post my personal circumstances on a public internet forum just so you can prove the "math" youve got another thing coming.

zygurat789

You stated your number was £44,000. Quite a large number.
When pressed on how to achieve this you stated (none too clearly)

A surplus of income over expenditure of £18000 pa escalating at 3% per annum for the next 17 years

This does not produce £44,000 ps as an income.
You are a WUM not telling the truth.

whiteflag_3

zygurat789 wrote: »

A surplus of income over expenditure of £18000 pa escalating at 3% per annum for the next 17 years

What unclear about that - To accumlate wealth you need an excess of income of expenditure dont you?

This does not produce £44,000 ps as an income.

Correct - are you incapable of grasping the theory that the £18k pa is on top of all my existing assets, expected state pension @age 67 , wifes pension income etc etc.

Im not going to run out of money just now so my concern is accumulating enough to make sure I can do all the things I want to do without EVER running at of money - and using my cashflow software I need to accumulate £18K pa rissing at 3%pa over the next 17 years- whats difficult to understand about that.

You are a WUM not telling the truth.

Sorry ? WUM can you explain.

zygurat789

whiteflag wrote: »

zygurat789 wrote: »

- and using my cashflow software I need to accumulate £18K pa rissing at 3%pa over the next 17 years- whats difficult to understand about that.

Then either your sofware's rubbish or you aren't using it properly - the figures don't stack up


Sorry ? WUM can you explain. QED[/QUOTE]

tartanterra

whiteflag wrote: »

Neither did I, I just find it amazing that you started this interesting thread yet instead of now trying to learn something or post meaningfull questions that might benefit other readers, you have chosen to use it a platform for mocking the one Financial Planning professional who has posted.

Aren't you getting a bit dizzy up there on righteous mountain? :rolleyes:

You need to remember that this is an open forum, for the whole community on here. Getting all uppity with everyone is hardly going to make you be taken seriously.

gallygirl

tartanterra wrote: »

Aren't you getting a bit dizzy up there on righteous mountain? :rolleyes:

You need to remember that this is an open forum, for the whole community on here. Getting all uppity with everyone is hardly going to make you be taken seriously.

I agree. Any more of this & I'll put you both in a room, slap your bare legs & not let you out till you kiss & make up

tartanterra

To get to the bottom of this prediction business, I have devised a new "hardware model" to work out my NUMBER.

Assuming that I would have no idea of the following over the next 20 odd years, due to the shambolic way this country is run, and the fact that my crystal ball is in for a yearly service:

Future income tax rates
Future council tax
Future inflation
Future BOE interest rates
Future mortgage rates
Future earnings
Future utility bills
Future road fund license
Future annuity rates
Future house values
Future life expectancy
Future alcohol consumption
Future success in Ladbrokes/Corals/William Hill's
etc, etc, etc............

I have designed the following foolproof system:

1. Take a random number of darts.
2. Fit a blindfold.
3. Randomly throw the darts at a dartboard.
4. Remove blindfold.
5. Randomly add up the numbers of your score.
6. Multiply by 1745 (a number I chose randomly)
7. Congratulations! This is how much you need to save every year for your retirement!

Unfortunately, I have yet to patent this system, as there are a few copyright issues. Apparently, Alistair Darling has been using something similar to work out the budget. :rolleyes:

HAPPY CHRISTMAS EVERYONE!:snow_laug


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