What To Do , How to Do it

MEM62

dunstonh said:

Our thoughts were to buy a flat and rent it for a few years creating a better income than the pensions gave. 

What rental yield are you looking at?  A decent rental yield is harder to find than it used to be.  A blind monkey could pick a property and make money on it pre-credit crunch.  Now it takes some skills and knowledge.   And after tax, its unlikely the property would beat the pension unless you buy a run down and do it up.    Why do you think property will give a higher return than the investments in the pension?

Many people still do.  I could be that they are watching too many episodes of Homes Under the Hammer.  We see a lot of people hanging onto impressions and beliefs that no longer apply.  How often have you have to debunk beliefs expressed on these forums even now such as "pensions are risky, you can loose all your money" and "financial advisers are evil-incarnate and only sell the products that yield them the greatest commission" and even "the safest way to keep your money is in cash"  etc etc etc......   It seems difficult to get some to let go of the myths and accept that the world has changed.