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Pensions Planning: The NUMBER

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1457910256

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  • zygurat789
    zygurat789 Posts: 4,263 Forumite
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    Quote:
    Originally Posted by whiteflag viewpost.gif
    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
    The only thing that is constant is change.
  • whiteflag_3
    whiteflag_3 Posts: 1,395 Forumite
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    zygurat789 wrote: »
    Quote:
    Originally Posted by whiteflag viewpost.gif

    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
    zygurat789 Posts: 4,263 Forumite
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    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.
    The only thing that is constant is change.
  • whiteflag_3
    whiteflag_3 Posts: 1,395 Forumite
    edited 23 December 2009 at 4:25PM
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    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
    zygurat789 Posts: 4,263 Forumite
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    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.
    The only thing that is constant is change.
  • whiteflag_3
    whiteflag_3 Posts: 1,395 Forumite
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    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
    zygurat789 Posts: 4,263 Forumite
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    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]
    The only thing that is constant is change.
  • tartanterra
    tartanterra Posts: 819 Forumite
    edited 23 December 2009 at 6:59PM
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    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.
    Nothing is foolproof, as fools are so ingenious! :D
  • gallygirl
    gallygirl Posts: 17,228 Forumite
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    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 ;)
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • tartanterra
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    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


    :rudolf::rudolf::xmastree::rudolf::xmassign::rudolf::xmastree::rudolf::rudolf:
    Nothing is foolproof, as fools are so ingenious! :D
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