Re: Work 'til you drop....!
 

The point about the vagiaries of the Stock market is well made, but there are other things to invest in other than Stocks. For example, does anyone remember the British Rail Pension Fund? It put huge amounts of money into buying art and was a contributor to the rise in prices in that market. Higher prices means higher value.

If the government had on hand a pension surplus to invest when the Channel Tunnel was first mooted it could have been used to pay for the lot and taken all the profits from day one. Instead we are left with a monster that, fifteen years on still owes £6 billion and rising and will never make a profit.

An investment fund of that size could have made such a difference to the whole country as well as paying decent pensions. But isn't that Politicians all over; Short term, short sighted and self obsessed.

Re: Work 'til you drop....!
 

If I have to work till i'm 67 I will be mistaken for one of the clients.
MUMMIBOO'S right I have seen the state daddiboo comes home in.
A mental job can make you just has tired has someone doing a labourious job. But it is not going to stop you from being able to sit in a chair at 67.
Unlike people like daddiboo,bin men, fire men,nurses and carers.
These are just a few of the jobs were people who have to retire at 67 will get no benifit what so ever to enjoy a retirement they have worked hard for years and years for.

Re: Work 'til you drop....!
 

Its a govenment cash saving exercise and nothing will alter that fact.

Re: Work 'til you drop....!
 

Had a look at my pension gunf and looks like I will need to up my contributions. :( What a carry on in order to enjoy my twighlight years:(

Re: Work 'til you drop....!
 

isnt it a wonderfull to know that when you are peeing your pants and crapping down your trouser leg you can take comfort in knowing that you misse dout on all the good stuff when you were younger just so you can keep warm in winter when your 80

Re: Work 'til you drop....!
 

Those echo my thoughts. My Dad was wise with money all his life. He retired at fifty, and died at fifty one.

We did think about putting the money he'd saved in the coffin with him, but decided to spend it ourselves.

Live for the day.:)

Re: Work 'til you drop....!
 

Ask your Boss to give you a nudge as he walks past your desk, 11.00A.M. is the traditional time to start sleeping it just perks you up ready for that busy lunch time shopping!

Re: Work 'til you drop....!
 

I might not reach 80. Besides if I did incontenence is the least of my worries. :D

Re: Work 'til you drop....!
 

A couple of months ago this problem of pensions came up on the TV and they got some insurance know-it-all to do illustrations of how much people would need to put away in a private pension fund to guarantee £20k per year on retirement. At nearly 50, I would need to have a fund of £400,000. This would then be used to buy an annuity. Supposing that I retired at 65, I would need to live until I was at least 85 to get back what the annuity cost.

If I died before I was 85 the lot would be claimed by the insurance company as a profit on the deal.

For some reason I cannot get the term "legalised robbery" out of my head.

Re: Work 'til you drop....!
 

Based on that I would have to work untill 85 to get 20k a year. :(