Soldato
- Joined
- 11 Sep 2009
- Posts
- 14,064
- Location
- France, Alsace
I've told the Mrs that's going to be her job. Managing the portfolio. 
Planning for retirement - damned whatever you do!
- Thread starter spudbynight
- Start date
Soldato
- Joined
- 11 Sep 2009
- Posts
- 14,064
- Location
- France, Alsace
Step Dad is really struggling with retirement. Lack of purpose, feeling of worth and motivation to get going with anything. Which is really sad.
Will make sure I've got enough to keep me going!
Soldato
- Joined
- 25 May 2003
- Posts
- 9,361
- Location
- Limehouse
The main issue with BTL is needing a bigger % deposit than a place to live in, so falling back on buying something to let isn't the easy option it used to be.
So frustrating, I am fortunate to have a job giving me a high enough income to cover a mortgage but getting a deposit together is going to take probably 2 years of serious effort and sacrifice. It's something I am ready to do but I am definitely envious of those people who were able to buy on 0-5% deposit mortgages a few years back.
So frustrating, I am fortunate to have a job giving me a high enough income to cover a mortgage but getting a deposit together is going to take probably 2 years of serious effort and sacrifice. It's something I am ready to do but I am definitely envious of those people who were able to buy on 0-5% deposit mortgages a few years back.
I have/had a company pension. It was a good non contributory scheme, but since the company went **** up there have been so many shenanigans I don't actually expect to see a penny of it when the time comes to claim it.
I'm sure someone somewhere made a nice bundle with the companies money though!
If you can afford it, buy property. I have serious doubts that pensions in the future will be worth much at all, once costs are taken into account.
I'm sure someone somewhere made a nice bundle with the companies money though!
If you can afford it, buy property. I have serious doubts that pensions in the future will be worth much at all, once costs are taken into account.
Filling time with my interests isn't a problem. There isn't enough hours in the day and not enough time left in my life to do half of what I want to achieve
http://www.pensionprotectionfund.org.uk/Pages/homepage.aspx
You pension should be protected and you should have had information about it. Check out above link and get in touch with them
- Joined
- 8 Nov 2006
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- 7,655
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- Ireland/Northern Ireland Border
Associate
- Joined
- 6 Feb 2008
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- 1,750
No, inflation makes your money worth LESS over time, not more. For example, £1000 20 years ago had more purchasing power than £1000 today.
Unless you meant an investment that pays inflation. But even then, that would mean your money today would have the same "worth" as that money back then.
a lot of stuff really hasnt changed in cost.
shoes , trainers , most electronics etc still cost about the same as they did in the early 90s.
houses , cars , food etc has gone way up though
yes but those £60 trainers 10 years ago are still £60 today but because of inflation your £60 is worth less
I assume that they are the same price because we have forced the cost of production down by using cheaper labour and materials?
Permabanned
- Joined
- 9 Aug 2009
- Posts
- 12,234
- Location
- UK
I really wish this wasn't the case... it's making buying a house very difficult!
not true electronic goods have fallen significantly in relative terms over the past 2/3 decades
you can buy a dvd player now for twice the hourly minimum wage whilst a vhs player in 1990 was not as affordable.
Also clothing costs have dropped dramatically with the industrialisation of China, there was no Primark equivalent in the 90s the onset of cheap clothing began first in the supermarkets.
I also think cars are also cheaper now in relative terms.
And £60 trainers were more of a rip off than £60 runners now. I bet the cost of manufacture for Nike has fallen since the early 90's, despite fuel going up
Retailers/manufacturers like neat price points. £60 being a good example for trainers.
Retailers/manufacturers like neat price points. £60 being a good example for trainers.
When my granny passed away I inherited some some money. My Financial adviser found an investment scheme and I simply ticked the box to say "very low risk". In 3 years my 20,000GBP was valued at under 7000GBP.
Great times.
I have set up a pension now I am in the US since the employer has matching, so in theory I get money for nothing. But if I withdraw it before I am 60 I will loose an additional 10%.
Great times.
I have set up a pension now I am in the US since the employer has matching, so in theory I get money for nothing. But if I withdraw it before I am 60 I will loose an additional 10%.
I'm planning for my retirement already What I am doing is trying to find good properties that I can get for well under below market value and let them out for good yield. I've just got one which is giving me 10% yield right now and aim to get a property every year. 25 years time (25 now) and I'll be laughing. I just want to maintain the lifestyle I have now and do it passively.
What I am doing is trying to find good properties that I can get for well under below market value and let them out for good yield. I've just got one which is giving me 10% yield right now and aim to get a property every year. 25 years time (25 now) and I'll be laughing. I just want to maintain the lifestyle I have now and do it passively.Cromwell's Madhouse.