Pension advice

[AtW]

You've changed your tune.

I haven't - for a change I accepted very limited parameters of the question and picked up the least worst option.

The right choice is of course to invest into Plan B to become very successful and invest into massive pension that hopefully won't be split in half in divorce settlement with gold diggers.

[MarillionFan]

I haven't - for a change I accepted very limited parameters of the question and picked up the least worst option.

The right choice is of course to invest into Plan B to become very successful and invest into massive pension that hopefully won't be split in half in divorce settlement with gold diggers.

Walk AtW walk!

[AtW]

Walk AtW walk!

You mean the court can divide up pension as well? But surely in this case gold digger will only get it when she is old and retired?

[Whoosh]

I haven't - for a change I accepted very limited parameters of the question and picked up the least worst option.

The right choice is of course to invest into Plan B to become very successful and invest into massive pension that hopefully won't be split in half in divorce settlement with gold diggers.

Contracting is my plan B!

Need to work on Plan C

Have you seen the return on annuities? At least if I put money into property I will have options when I retire.

[Freamon]

Pension or holiday home ?

Surely the right answer is the one you hadn't thought of, i.e., a bit of both?

With the tax advantages it seems rather stupid not to put any money into pensions at all.

[AtW]

With the tax advantages it seems rather stupid not to put any money into pensions at all.

Tax advantage is totally illusory:

1) first they get the cash now in exchange for some faint hope tax system won't change in 20-30 years time which it would have to because social security is a ponzi scheme and will fall over by then
2) second your money will be massively devalued by Sir Merv's.

Even if you spend your pension money on booze, hot women, hard drugs and end up having nothing just before you retire you'd be in same position as saving up for your pension with just one exception: you'll have memories of good time you had.

HTH

[MarillionFan]

Tax advantage is totally illusory:

1) first they get the cash now in exchange for some faint hope tax system won't change in 20-30 years time which it would have to because social security is a ponzi scheme and will fall over by then
2) second your money will be massively devalued by Sir Merv's.

Even if you spend your pension money on booze, hot women, hard drugs and end up having nothing just before you retire you'd be in same position as saving up for your pension with just one exception: you'll have memories of good time you had.

HTH

Balanced portfolio young man, balanced.

[Freamon]

Tax advantage is totally illusory:

1) first they get the cash now in exchange for some faint hope tax system won't change in 20-30 years time which it would have to because social security is a ponzi scheme and will fall over by then
2) second your money will be massively devalued by Sir Merv's.

Even if you spend your pension money on booze, hot women, hard drugs and end up having nothing just before you retire you'd be in same position as saving up for your pension with just one exception: you'll have memories of good time you had.

HTH

Not sure I understand point #1. We're talking about private pensions here, not social security.

On #2, if you're so worried about sterling devaluation you can put your pension into Gold funds.

The tax advantage is pretty clear - money you put into a pension will come out of your pre-tax income, whereas money you put into a holiday home will come out of your post tax income. Any money you take out of either will be taxed coming out.

[AtW]

Not sure I understand point #1. We're talking about private pensions here, not social security.

Let me explain it to you in s-y-n-t-a-x you can understand: when social security as a whole goes bankrupt in 20-30 years Govt will have to take measures that would make Gordon Brown's raid on pension funds look like he gave everybody a candy and a big kiss.

It's much harder for Govt to rob a physical asset (house) than virtual pension that only exists as a record in some computer - your money will have been already spent to sustain current pension demands.

[Freamon]

Let me explain it to you in s-y-n-t-a-x you can understand: when social security as a whole goes bankrupt in 20-30 years Govt will have to take measures that would make Gordon Brown's raid on pension funds look like he gave everybody a candy and a big kiss.

It's much harder for Govt to rob a physical asset (house) than virtual pension that only exists as a record in some computer - your money will have been already spent to sustain current pension demands.

Sounds like a votewinner.

If you're worried about the above, you might as well forget about owning anything other than guns, because I'm sure an angry mob will be along to take your physical house away if you don't.