[Soupy]

I'm 53 now and simply refuse to invest in any pension schemes.

Before the shambles that was Mary Elizabeth Truss I'd have said you were an eejit for having that stance.

My pension which I have now been paying into for over half my life, lost around 30% of it's value in the space of a few hours and has not recovered so, fair enough.

[The Jester of Wibbly]

I'm 53 now and simply refuse to invest in any pension schemes.

Before the shambles that was Mary Elizabeth Truss I'd have said you were an eejit for having that stance.

My pension which I have now been paying into for over half my life, lost around 30% of it's value in the space of a few hours and has not recovered.

Maybe worth changing your pension pots over.  Pensions go up and down, but over time it should give you and average growth of  7 to 10% a year.  12%, 15%, -8%, 1%,15% is and example of a 5 year plan.  Make sure your inventing in global market portfolio EFT pots.   That will protect you if a single market collapses. 

[dazmond]

I'm 53 now and simply refuse to invest in any pension schemes.

Before the shambles that was Mary Elizabeth Truss I'd have said you were an eejit for having that stance.

My pension which I have now been paying into for over half my life, lost around 30% of it's value in the space of a few hours and has not recovered.

The irony is I know quite a few people who were very sensible in regards to pensions all their working lives only to be swept away by a malignant  tumour or other terminal illness just after retirement.

Also some of my family members were worse off in retirement because they had  small private pensions that took them over the threshold for certain benefits like pension credit so in fact they would be better off without the private pension altogether.

The amount of money you need to put in a pension is eye wateringly high to get even a very small amount each week.

It's too late for me now but with my 53 year old head on I would of started as soon as I started work at 16.....

The trouble is no one knows how long each of us is going to live!

[Soupy]

I'm 53 now and simply refuse to invest in any pension schemes.

Before the shambles that was Mary Elizabeth Truss I'd have said you were an eejit for having that stance.

My pension which I have now been paying into for over half my life, lost around 30% of it's value in the space of a few hours and has not recovered.

The irony is I know quite a few people who were very sensible in regards to pensions all their working lives only to be swept away by a malignant  tumour

I wouldn't go as far as to call truss a malignant tumour. She's just a neep.

[zesty]

I'm 53 now and simply refuse to invest in any pension schemes.

Before the shambles that was Mary Elizabeth Truss I'd have said you were an eejit for having that stance.

My pension which I have now been paying into for over half my life, lost around 30% of it's value in the space of a few hours and has not recovered.

The irony is I know quite a few people who were very sensible in regards to pensions all their working lives only to be swept away by a malignant  tumour or other terminal illness just after retirement.

Also some of my family members were worse off in retirement because they had  small private pensions that took them over the threshold for certain benefits like pension credit so in fact they would be better off without the private pension altogether.

The amount of money you need to put in a pension is eye watering high to get even a very small amount each week.

It's too late for me now but with my 53 year old head on I would of started as soon as I started work at 16.....

The trouble is no one knows how long each of us is going to live!

Yeah but remember when we were trad, we were skint daz.

If I was earning what I earn now at 18-20 years old, I’d have been saving huge amounts.

It’s never too late, I’ve been saving into an investment account for a couple of years.

[The Jester of Wibbly]

I'm 53 now and simply refuse to invest in any pension schemes.

Before the shambles that was Mary Elizabeth Truss I'd have said you were an eejit for having that stance.

My pension which I have now been paying into for over half my life, lost around 30% of it's value in the space of a few hours and has not recovered.

The amount of money you need to put in a pension is eye watering high to get even a very small amount each week.

Forget buying an annuity, they are ridiculous poor value.  Best to just place your pension pot into drawdown, so it covers, let's  say 15 years for example to top up your pension. 

[deeege]

Same as Jester, I don’t pay into a pension but I invest heavily into the stock market, by way of ETF’s within an ISA. +44% in a little over 2 years, beats the poxy 4-6% you get in savings accounts or cash ISA’s.

This will be my pension. With compound interest this should be worth many hundreds of thousands of pounds in 20 years and will be completely tax free income.

[NBwcs]

I'm 53 now and simply refuse to invest in any pension schemes.

Before the shambles that was Mary Elizabeth Truss I'd have said you were an eejit for having that stance.

My pension which I have now been paying into for over half my life, lost around 30% of it's value in the space of a few hours and has not recovered.

The irony is I know quite a few people who were very sensible in regards to pensions all their working lives only to be swept away by a malignant  tumour

I wouldn't go as far as to call truss a malignant tumour. She's just a neep.

Couldn't believe my ears today, Liz Truss threatening  pm with legal action if he doesn't stop saying she crashed the economy as its damaging her reputation!!!!!!!!!!!. 

[SB Cleaning]

Same as Jester, I don’t pay into a pension but I invest heavily into the stock market, by way of ETF’s within an ISA. +44% in a little over 2 years, beats the poxy 4-6% you get in savings accounts or cash ISA’s.

This will be my pension. With compound interest this should be worth many hundreds of thousands of pounds in 20 years and will be completely tax free income.

I wouldn't count your chickens...the whole lot might come crashing down very soon.

[Soupy]

Looks like -15 here for the next two days then +11 on Monday.

Madness.

[dd]

Same as Jester, I don’t pay into a pension but I invest heavily into the stock market, by way of ETF’s within an ISA. +44% in a little over 2 years, beats the poxy 4-6% you get in savings accounts or cash ISA’s.

This will be my pension. With compound interest this should be worth many hundreds of thousands of pounds in 20 years and will be completely tax free income.

I wouldn't count your chickens...the whole lot might come crashing down very soon.

If the worldwide stock market goes into serious meltdown for an extended period we are all likely to be stuffed anyway.

The markets did recover in time after the Depession of the 1930s

[The Jester of Wibbly]

Same as Jester, I don’t pay into a pension but I invest heavily into the stock market, by way of ETF’s within an ISA. +44% in a little over 2 years, beats the poxy 4-6% you get in savings accounts or cash ISA’s.

This will be my pension. With compound interest this should be worth many hundreds of thousands of pounds in 20 years and will be completely tax free income.

I wouldn't count your chickens...the whole lot might come crashing down very soon.

And that's the reason why you need to invest in the Global Caped Market.  If that collapses as said above, were all doomed.

[Stoots]

And before too long all of us pension or no pension, rich or poor will be dead anyway so it's all a load of bo#locks in the end .

 

[dazmond]

Looks like -15 here for the next two days then +11 on Monday.

Madness.

-7 here at present and forecast -10 overnight. My van is toasty though due to a new,larger oil filled radiator.

A lot of lying snow and ice on pavements and side roads so not workable until monday or tuesday depending on when it properly thaws.

Nipped to my mums this afternoon and dug out a path to her front door and put some grit down as she's due home from Spain tomorrow. Hopefully her flight won't get cancelled.

[Stoots]

Been workable all week daz, full week done...dodgy on the roads with a fair bit of abs and traction control employed but never close to being stuck. Hard work until about 11am today with water freezing on the glass, hot water would have helped speed things up but managed anyway.

[KS Cleaning]

It's easy to over spend during the haydays of life.   Some earn well but spend everything to keep up with Joneses

Don't forget to save for your future, pensions are critical these days to survive.

Paying into a pension is also tax efficient.

[deeege]

-5° out currently and not set to rise until after midday. Day off for me. Lost 3 days this week which is the most of lost in any year since 2010, How’s everyone else in the cold North doing?

[The Jester of Wibbly]

Worked Monday, Tuesday and Wednesday.   I also worked last Thursday and Friday after New Years Day, so not too bad for me,  having had a relaxing day yesterday and again today.  Not even worth trying, even with hot. 

[Soupy]

We've worked every day so far and will be out today.

Not been getting lots done but got all the commercials out of the way, ready to hit the ground running on residentials on Monday.

Wonderful start to 2025 

[Klean07]

We've worked every day this week but taking today off as its not going to get above 0 all day apparently. Next week looks great!