investment idea

[Churchill]

yeah but she'd have to stick around until i'm 65 to get half the pension - since you cant take the money out till then. which is cool. she'll have earned it by then

whereas with the house, she could decide to bail after 5 years and get half of my cash. thats not happening

if we both start from scratch its better - i can get a fair bit of cash together from contracting in the next 5 years for a decent house and lifestyle. she can chip in too

You're wrong. She is entitled to half of the pension fund, not the income derived from it.

[brownie74]

>So the downside is if anytime in the next 30 years you do want to lay your >hands on 100k. Getting married and having kids is going to be the >biggest .cash drain of your life, whereas in retirement, assuming a mortgage >is paid off and kids are gone you'll need less money.

i hadn't thought of that. i wont need all that money when i'm 65. what the hell am i going to do with all that lolly down at the bingo. better off working out what i'll need and putting just enough into the pension to cover that. then investing the rest in a nice pad!

[Churchill]

the compound interest factor is amazing. at 5% it would be worth 700,000 quid in 30 years - buy a 40 year annuity and thats 3500 quid a month at todays rates, until im 103! enough for anyone to live well.

Oh dear...

100k for 30 years at 5% gross compound would be 432k.

You're really not too bright, are you?

[brownie74]

You're wrong. She is entitled to half of the pension fund, not the income derived from it.

ok, i didnt know that

you obviously didnt have a prenuptual agreement then

[brownie74]

whoops, i had done the calc using 160,000 since i already have 60K on the pension - comes to nearly 700K

bell end!

[Paddy]

i've got 100,000 saved up in pounds. i'm thinking of bunging it in my pension (along with the 60K thats already in there) and forgetting about it. then when i retire in 30 years i will be sorted won't i?

the problem i see is that all my money is with the one company. within the pension the money would be diversified but if the pension fund did a maxwell i'd be screwed

if this is a good idea, i could carry on p*ssing about well into my 40s and not have to worry about retirement.

is this a daft idea?

I am approaching my 60s and I don’t have a penny saved for my pension. It is all invested. Why give your money to someone else to invest?

Your 100,000 will be worth very little by the time you retire. If I was you I would spread the risk on put it into various properties but not I the UK. Currently there are places with 60% increase in values and good for letting in Europe.

[brownie74]

I am approaching my 60s and I don’t have a penny saved for my pension. It is all invested. Why give your money to someone else to invest?

Your 100,000 will be worth very little by the time you retire. If I was you I would spread the risk on put it into various properties but not I the UK. Currently there are places with 60% increase in values and good for letting in Europe.

investing in european value properties is more risky than putting it in a managed fund - that is properly diversified - you're talking bout a fairly niche sector

the reason for putting it into a managed fund is because it less hassle, they are experts and will at least cover the index, if not beat it - i'm not an expert and will probably lose all of it if i start dabbling

[Churchill]

ok, i didnt know that

you obviously didnt have a prenuptual agreement then

BTW, prenuptial...


This means nothing in the UK. Have fun.

[alreadypacked]

This means nothing in the UK. Have fun.

I had an agreement with one of my ex. it held as we never got married.

[Churchill]

I had an agreement with one of my ex. it held as we never got married.

Well that's bloody relevant, isn't it?

FFS, are you naturally blonde or just a very good actress?