About aging - savings & pensions

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About aging - savings & pensions
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ele

Joined: 05 Sep 2005
Posts: 814
Location: Derby

Posted: Sat Oct 01, 05 4:56 pm Post subject: Re: about aging

Nanny wrote:

i can only think of maybe 3 people who have ever got a far as 65, one snuffed it 6 weeks later. he was desperate to get to 65 and a fat lot of good it did him in the end.

don't want that for myself, however it suits the pension people if yo snuff it just before or just after your retirement at 65 i suppose.

god this is getting depressing..............

you sound like you need a bit of cheering up, how about this...

From a downsizery perspective things shouldn't be so bleak, because people know how to live really well on only a little cash so they're less likely to be slaves to their pension policies. They've been eating plenty of healthy vegetables for years not to mention all those foraged berries which means far more chance of a healthy old age.

Add to that they probably will have a more gradual retirement phasing, than simply stopping full time work and going to nothing, which I don't think is ever too healthy. They can earn little bits of income or barter for many years after traditional retirement age, if they choose to and most importantly of all they've got back control of their own lives.

Anyone following me here

footprints

Joined: 26 May 2005
Posts: 234
Location: North Wales

Posted: Sat Oct 01, 05 5:00 pm Post subject: Re: about aging

ele wrote:

Nanny wrote:

Absolutely.

Nanny

Joined: 17 Feb 2005
Posts: 4520
Location: carms in wales

Posted: Sat Oct 01, 05 5:32 pm Post subject: aging

sorry didn't mean to be so heavy

its a bit of a pet hate with me

i do realise that because of the lifestyle i live outside work i eat healthier and am more active than most 52 year olds and that if needs be i can live on less than the average person i work with etc

the issue with me is not being able to make the best of that life style earlier i suppose

i do apologise if i have gone on about it

will retire to find a happier topic to support................

ele

Joined: 05 Sep 2005
Posts: 814
Location: Derby

Posted: Sat Oct 01, 05 5:42 pm Post subject: Re: aging

Nanny wrote:

sorry didn't mean to be so heavy
its a bit of a pet hate with me

i do realise that because of the lifestyle i live outside work i eat healthier and am more active than most 52 year olds and that if needs be i can live on less than the average person i work with etc

the issue with me is not being able to make the best of that life style earlier i suppose

i do apologise if i have gone on about it
will retire to find a happier topic to support................

oh no don't apologise, I was just trying to make you smile that's all

Nanny

Joined: 17 Feb 2005
Posts: 4520
Location: carms in wales

Posted: Sat Oct 01, 05 5:45 pm Post subject: aging
oh thank you that's a nice tought i'm not actually unhappy, just p---ed off with the pension thing and it makes me riled it's enough to make a basset's ears flap

ele

Joined: 05 Sep 2005
Posts: 814
Location: Derby

Posted: Sat Oct 01, 05 7:01 pm Post subject: Re: aging

Nanny wrote:

it's enough to make a basset's ears flap

absolutely!

and we all need a good rant sometimes

Lozzie

Joined: 25 May 2005
Posts: 2595

Posted: Sat Oct 01, 05 7:11 pm Post subject:
I adore bassett hounds.

Nanny

Joined: 17 Feb 2005
Posts: 4520
Location: carms in wales

Posted: Sat Oct 01, 05 8:11 pm Post subject: aging
there you go we all feel better have a drink..................

Treacodactyl
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 25795
Location: Jumping on the bandwagon of opportunism

Posted: Sat Oct 01, 05 8:52 pm Post subject:
I've split this from the aging thread, I hope all the posts are in the correct place.

Helen_A

Joined: 26 Jan 2005
Posts: 1548
Location: MK, Bucks.

Posted: Sat Oct 01, 05 9:08 pm Post subject:

Eeekk!!

Well I've reached the grand old (ha!) age of 33 and have absolutely no pension provision for myself.

However, I have a DP who works for an NGO for a lower salary than is 'ideal' as a huge draw to the job was the final salary pension scheme

I did look at the stakeholder quite seriously. but I strongly object that the money is *only* available to you at 65, that to access it you have no choice but to buy an annuity, and that the annuities are returning a very small proportion of the fund each year. Oh - and there is no way to leave the value of the stakeholder fund to your relatives/whoever if you die before you can make use of it yourself.

I'd rather keep what money I can 'save' in the property in which I live. Apart from anything else - if I have desperate need to access it then I can. I see absolutely no point in being stuck living in a way that could well shorten my lifespan when the means to prevent that are locked away in a government scheme.....

Sorry - just my small rant. It isn't as if I have any income to 'save' anyway atm....

Helen_A

Treacodactyl
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 25795
Location: Jumping on the bandwagon of opportunism

Posted: Sat Oct 01, 05 9:21 pm Post subject:
You can currently retire at 50, rising to 55, even with a stakeholder pension. However, being 33 by the time you reach 55 I bet the retirement age will be around 65-70. There are also ways of leaving money from a pension but I don't know that much about them.

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