[DJW]

What’s the difference between a drummer and a savings bond?


One will mature and make money.

[dazmond]

Back to pensions... personally I don't trust them.the amount of money you need to put away to get even a modest,small income is eye watering...no thanks!

I'd rather semi retire now at 50 and enjoy more leisure time NOW,go on the fancy holidays,etc NOW and work part time for longer (health permitting of course)....

By the time I retire fully I'll be knackered and ready to die anyway!😄

[dazmond]

What’s the difference between a drummer and a savings bond?


One will mature and make money.

I've probably got more money in the bank than you mate!

I never want to grow up!what into?a grumpy,sneering adult/troll with a large chip on their shoulder?

No thanks!😄😄😄

[Stoots]

Back to pensions... personally I don't trust them.the amount of money you need to put away to get even a modest,small income is eye watering...no thanks!

I'd rather semi retire now at 50 and enjoy more leisure time NOW,go on the fancy holidays,etc NOW and work part time for longer (health permitting of course)....

By the time I retire fully I'll be knackered and ready to die anyway!😄

Do you consider yourself semi retired now then ?

Personally id think of 1 or 2 days a week as semi retirement not 4

[zesty]

Back to pensions... personally I don't trust them.the amount of money you need to put away to get even a modest,small income is eye watering...no thanks!

I'd rather semi retire now at 50 and enjoy more leisure time NOW,go on the fancy holidays,etc NOW and work part time for longer (health permitting of course)....

By the time I retire fully I'll be knackered and ready to die anyway!😄

Do you consider yourself semi retired now then ?

Personally id think of 1 or 2 days a week as semi retirement not 4

I’m semi retired at 34 mate, I now average 8-1pm everyday. It’s almost laughable 

[dazmond]

Back to pensions... personally I don't trust them.the amount of money you need to put away to get even a modest,small income is eye watering...no thanks!

I'd rather semi retire now at 50 and enjoy more leisure time NOW,go on the fancy holidays,etc NOW and work part time for longer (health permitting of course)....

By the time I retire fully I'll be knackered and ready to die anyway!😄

Do you consider yourself semi retired now then ?

Personally id think of 1 or 2 days a week as semi retirement not 4

I don't work full time that's for sure Adam...20-25 hours a week is the norm for me.the great thing is we can pick and choose what days we work...

Some weeks I might do 5 x 5 hour days then only work 2 days the week after.it depends.others it's a steady 4 day week.

[G Griffin]

Back to pensions... personally I don't trust them.the amount of money you need to put away to get even a modest,small income is eye watering...no thanks!

I'd rather semi retire now at 50 and enjoy more leisure time NOW,go on the fancy holidays,etc NOW and work part time for longer (health permitting of course)....

By the time I retire fully I'll be knackered and ready to die anyway!😄

Life doesn't work like that, Daz.

[Splash & dash]

Back to pensions... personally I don't trust them.the amount of money you need to put away to get even a modest,small income is eye watering...no thanks!

I'd rather semi retire now at 50 and enjoy more leisure time NOW,go on the fancy holidays,etc NOW and work part time for longer (health permitting of course)....

By the time I retire fully I'll be knackered and ready to die anyway!😄

Life doesn't work like that, Daz.

It can do if ones choose to do it that way I think it’s a very good idea , Ime in the process of cutting back and only working 3 days a week for 3 weeks of the month , and taking it a bit easier .

[dazmond]

Back to pensions... personally I don't trust them.the amount of money you need to put away to get even a modest,small income is eye watering...no thanks!

I'd rather semi retire now at 50 and enjoy more leisure time NOW,go on the fancy holidays,etc NOW and work part time for longer (health permitting of course)....

By the time I retire fully I'll be knackered and ready to die anyway!😄

Life doesn't work like that, Daz.

My life does mate....I'm living it every single day....

The truth is most people will not live beyond 75..

[Mike Halliday]

Am I missing something? The guys got no money  and people are mentioning buy to let  and investments….. he hasn’t got a pot to pizz into you might as well tell him to put his money into antique Rolex watches or Fabergé Eggs 

How much money do you actually have?  £50 , £5k or £50k? Without know that any advice is guesswork

[DJW]

Difficult one. Depends what makes him happy, have family and kids? Want to leave them something or blow everything on yourself and stuff the future.
Just need a bit of balance in life. Save a bit, spend a bit and get out whilst the going is good.

[KS Cleaning]

Am I missing something? The guys got no money  and people are mentioning buy to let  and investments….. he hasn’t got a pot to pizz into you might as well tell him to put his money into antique Rolex watches or Fabergé Eggs 

How much money do you actually have?  £50 , £5k or £50k? Without know that any advice is guesswork

I take it you didn’t know that you can get a buy to let mortgage based on affordability?

[KS Cleaning]

Am I missing something? The guys got no money  and people are mentioning buy to let  and investments….. he hasn’t got a pot to pizz into you might as well tell him to put his money into antique Rolex watches or Fabergé Eggs 

How much money do you actually have?  £50 , £5k or £50k? Without know that any advice is guesswork

That’s bang out of order.

[G Griffin]

Back to pensions... personally I don't trust them.the amount of money you need to put away to get even a modest,small income is eye watering...no thanks!

I'd rather semi retire now at 50 and enjoy more leisure time NOW,go on the fancy holidays,etc NOW and work part time for longer (health permitting of course)....

By the time I retire fully I'll be knackered and ready to die anyway!😄

Life doesn't work like that, Daz.

My life does mate....I'm living it every single day....

The truth is most people will not live beyond 75..

You might not get to choose when you retire or die.
Are you aiming for 75 to retire and die soon after then?
I'll hold you to that and if I'm still here, can I have the drum kit?

[G Griffin]

For years I saved up my Christmas tips and bought a Stradivarius and a Picasso as investments.
Unfortunately, Stradivari was rubbish at painting and Picasso couldn't make a fiddle to save his life.
Although worthless, they'd look good on the wall of a dedicated drum room.

[AuRavelling79]

Not really window cleaning but relevant to us self employed.

I'm 40 and I have no pension and no real savings (just blown pretty much all I had on a mortgage deposit and home improvements).

Anyway can anyone advise on the best retirement strategy going forward ?

I'm not sure what to do with my money whether to chuck it in a pension, isa or maybe invest in the business etc?

What does everyone else do ?

Would a financial advisor be able to help ? I spoke to one a few years ago and they just wanted me to sign up to their pension scheme and make money it seemed.

You are buying your house which is the mainstay. Although no one wants to it can provide money in later life if really necessary.

Assuming that you have savings/credit for replacement vehicle and house upkeep I would aim for six months of monthly income in a cash ISA.

After that even a couple of hundred (or even one hundred if really low on spare cash) a month in a pension will build. It's not going into the market at the right time but being in the market for a long time that works.

If you ever have enough savings or even inherit money then a deposit on property is a good way forward using your current house equity.

Put SOMETHING away every month.

[dazmond]

Back to pensions... personally I don't trust them.the amount of money you need to put away to get even a modest,small income is eye watering...no thanks!

I'd rather semi retire now at 50 and enjoy more leisure time NOW,go on the fancy holidays,etc NOW and work part time for longer (health permitting of course)....

By the time I retire fully I'll be knackered and ready to die anyway!😄

Life doesn't work like that, Daz.

My life does mate....I'm living it every single day....

The truth is most people will not live beyond 75..

You might not get to choose when you retire or die.
Are you aiming for 75 to retire and die soon after then?
I'll hold you to that and if I'm still here, can I have the drum kit?

What I'm saying is by the time I retire my state pension will be enough to live on plus my savings.i won't be jetting off to the Maldives on holiday will I?it'll be a trip to Llandudno or Blackpool 

[dazmond]

Back to pensions... personally I don't trust them.the amount of money you need to put away to get even a modest,small income is eye watering...no thanks!

I'd rather semi retire now at 50 and enjoy more leisure time NOW,go on the fancy holidays,etc NOW and work part time for longer (health permitting of course)....

By the time I retire fully I'll be knackered and ready to die anyway!😄

Life doesn't work like that, Daz.

It can do if ones choose to do it that way I think it’s a very good idea , Ime in the process of cutting back and only working 3 days a week for 3 weeks of the month , and taking it a bit easier .

I think you need to mate for your own health and sanity.for me personally shorter working hours and more leisure time is the best way to live at my present age of 50.i also don't get too fed up of cleaning and work more efficiently

[G Griffin]

Back to pensions... personally I don't trust them.the amount of money you need to put away to get even a modest,small income is eye watering...no thanks!

I'd rather semi retire now at 50 and enjoy more leisure time NOW,go on the fancy holidays,etc NOW and work part time for longer (health permitting of course)....

By the time I retire fully I'll be knackered and ready to die anyway!😄

Life doesn't work like that, Daz.

My life does mate....I'm living it every single day....

The truth is most people will not live beyond 75..

You might not get to choose when you retire or die.
Are you aiming for 75 to retire and die soon after then?
I'll hold you to that and if I'm still here, can I have the drum kit?

What I'm saying is by the time I retire my state pension will be enough to live on plus my savings.i won't be jetting off to the Maldives on holiday will I?it'll be a trip to Llandudno or Blackpool 

Them care homes soon go through your savings, Daz.

[NBwcs]

When I was made redundant 18yrs ago I was advised not to put into a private pension (the frozen one I had wouldn't even let me), they were performing so badly. I was told to put money aside into an isa,which I've done ever since. I don't trust "advisors" whatsoever, they're all in it for themselves so have carried on down this line. Fairly sure I could have done better but going back to the op, the important thing is to at least set aside some money (and at 40,as much as you can afford each month). Everything investment wise comes with a risk, at least my savings are relatively safe and I have full control over them and 100‰ of it will be passed onto to family in the event of my demise.of course the bad side is that although isa rates are improving, they're way behind inflation. I'm not advocating what I've done is the right way to go, but definitely a good start even if it's temporary and you use the money later on in a different way. I've come across so many people who have been massively dissapointed with their pensions and wish they'd gone down a different route. It's a minefield really, but whatever you do, don't do nothing.