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Pensions Planning: The NUMBER
in Pensions, annuities & retirement planning
2.3K replies 622.9K views
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Really? Are you assuming that living their lives saving isn't the life they wanted then? My grandparents lived happily saving all their lives to leave money for their old age and then a nice cash gift to their children when they sold their house and moved to a retirement home... Nothin made my nan happier than to be able to gift away money to her children, grandchildren and great grandchildren. They scrimped and saved for many a decade and took immense pleasure in giving it away in their old age. What they hadn't gifted away before they passed they knew went to their children as a helping hand and I know they were pleased to know they would give one last helping hand...
Not saying this is how everyone likes living or what they aim for... but quite a lot of people DO find great pleasure in leaving a large gift for their children...
My DFW Diary - blah- mildly funny stuff about my journey
Having recieved some abusive PM's from whiteflag, I looked up all my old posts and they are leaving abusive messages!
After having a good laugh at these, I can only feel pity for whiteflag, who is obviously taking themself a tad too seriously.
Any one else being stalked be whiteflag?
Get in touch, we can swap tales of whiteflag's mad rantings and obvious inferiority complex!!!!!!!!!
I think Whiteflag had an early start on the cooking sherry, I got an abusive PM too as did others, my crime was to agree it would be good to have a retire 10 years early thread, I want to retire at 55 so I thought that was a good idea but apparantly I should be ashamed of myself!
& I'm the only one whose message on here hasn't been removed:
I'm obviously not worthy of his abuse :rolleyes:
Can't remember ever upsetting someone that much!
Bizarre stuff, indeed!:rolleyes:
I feel sorry for Gatser as the thread would have had been of some real interest to most people. I fear Gatser may have disturbed W.F. because WF's "profession" [IFA] may be shown to be not as scientific as W.F. believes it to be.
It became clear very early on that W.F. was a little weird. That was when he got so upset, toys out of the pram like, about someone suggesting one of his posts was a touch sarcastic.
Little did people know what was to follow. Resorting to stalking now!!
When I was out for a stroll earlier it made me wonder what type of person a W.F. is? Physically I have no doubt he is a "little man" but I would also compare him to one of those dreadful men that beat up their wives. You know: initially pleasant, as soon as he is questioned goes into a huge strop, then with a drink in him (given the level of abuse was all in the early hours) goes and beats up the Mrs. Then, somewhat regretfully, goes into hiding seeking remorse when he realises how stupid he is.
W.F. - tbh I did not want tp goad you further but behaviour like yours is quite simply unacceptable. You may care to stalk me, reply to me or send me a PM. I will tell you now I will simply ignore you and delete without reading any PM that comes my way.
If none of us hear anything from you again - fantastic, becasue that is the way we would all like it. Good Bye
Everyone else - please continue with what is a very interesting thread - thank you. I have no idea what my number is but I am very interested in the views being expressed.
I very much appreciate all the PM's I have received saying how you all find this a useful thread.... (with just ONE exception )
Yes indeed... I would like to keep this going and get a few more ideas on what folks see as a reasonable NUMBER.
I will give some average feedback shortly.
As previously mentioned, there is no right or wrong answer... its more about being honest with ourselves about what we are happy to accept and making sure it is achievable by the time we want to retire (or semi-retire)
I am surprised at those of you that say they do not know what their NUMBER is, because (to me) thats like saying you are going to buy a house but not knowing how much it is going to cost. How can we plan for our future (happiness) if we do not know what we are aiming for?
Sorry...I do not want to preach... its just my view.
Anyway...don't take anyof this too serious if its going to spoil you HAPPY NEW YEAR.
All the best MSE Chums! Keep up the positive and humorous posts....:T
When we left that property we had a bad experience and were without for 6 months since which time we have never really wanted to move but have extended instead. As a result of not moving we have been able to save because retirement was coming. Bits and bobs, here there and everywhere, good offers, privatisations etc.
When I came to put it all together, and that took years to find all the different items, I was quite pleasantly surprised and at todays interest rates we will maintain our present (earned) income, which is not the highest we've earned because this nearto retirement we are winding down.
So with no number just a fear of the future we seem to have got there.
In my case it was practicality, 50% of our first mortage would not have bought us anything. We got in at the second level with interest rates at 8.5%. Within a year property values had fallen and we had lost our 10% deposit. We had to stay there until prices rose again.
I think many people have been frightened off the subject of pensions, partly because in recent years the media have been reporting the "pensions crisis" and have convinced people that either they will never be abe to afford to retire or they will have to save up a £800k pot of money and if they do the bank or the government will "steal" it.[/QUOTE]
Years ago someone in pensions told me to think of it as:-
What you save in a pension pot will hold its value so that when you retire your pot will have the same value as your savings had when they were made. Arithmetically this is not far wrong. That person worked for the Equitable.