Originally posted by Likely
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Pensions vs standard saving accounts.
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Originally posted by Likely View PostBecause I've always thought all pensions are annuities. Thus you may save 20 years but then you can't be certain how long you are going to live , thus you might have saved more than you will be able to enjoy.It's about time I changed this sig...Comment
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Originally posted by MrRobin View PostYes, but equally you might enjoy more than you've saved...??
Roll-up Roll-up!!! You pays yer money, you takes your chance!
(And the city wide-boys make a crust either way!)Comment
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Originally posted by MrRobin View PostYes, but equally you might enjoy more than you've saved...??
I'd rather have the option to spend it at once , live few years like a GOD ( yachting with women ) and thenComment
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Originally posted by Likely View PostThat's true but , I don't plan living in my 80ies with 2 bags of peanuts per week.
I'd rather have the option to spend it at once , live few years like a GOD ( yachting with women ) and then
That must be a final salary pension then.Comment
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Originally posted by Likely View PostBecause I've always thought all pensions are annuities. Thus you may save 20 years but then you can't be certain how long you are going to live , thus you might have saved more than you will be able to enjoy.
For the usual annuity skeptics: I've just finished reading a very interesting article which explains how investing money in volatile assets (shares) to fund regular income needs leads to three different kinds of waste.
http://www.stanford.edu/~wfsharpe/retecon/4percent.pdfComment
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