Reply to: Contracting out of S2P

[xoggoth]

I know various people who seem to have managed it. All of them ex public sector! NHS managers etc. What is the deficit in public sector pensions now? 860 Billion is it or was that last week's deficit?

[milanbenes]

"the general idea was to retire and be able to live you needed to have a pension of at least 500k. The amount you have to save to get that is silly!",

I would imagine you have to save 500k ?

Give or take a bit of interest.

Milan.

[n5gooner]

I was a permie for Bank of America about 6 years ago, and went to a pensions meeting, the general idea was to retire and be able to live you needed to have a pension of at least 500k. The amount you have to save to get that is silly!

[Francko]

ahh another one planning to retire to Central Europe.

where will you be ?

look me up I'll buy you a beer, you deserve it after putting up with me all this time

Milan.

I like Vilnius (I know it's not that close but I said closer, not close). Have to hope that the prices will not go up crazy as they did in the last few years.

[milanbenes]

ahh another one planning to retire to Central Europe.

where will you be ?

look me up I'll buy you a beer, you deserve it after putting up with me all this time

Milan.

[Francko]

looking at the bigger picture, considering the cost of living and household expenses, mortgage, car, food, going out it is difficult to see how anybody in the Saaafff East with a combined income of less than 150k a year can make anything more than a dent in the kind of financial provision which needs to be made for a comfortable retirment from 50 to 55

Milan.

Retiring in Laaandaaan??? Now, that's really insane. Naa naa, I will be closer to your Czech Republic and perhaps might be visiting you in a weekend (don't worry, drinks on me ).

Or else... back to sunny Italy....

Regarding .Net.... still miss 4 exams for my MCSD.... will see..... .NET is the future, as you well know

[wendigo100]

me too, I'd rather be responsible for my financial failures than some lying cheating IFA !

You forgot "incompetent".

Just as managed ISA funds don't perform any better than trackers, IFAs cannot tell what pensions are going to be good investments down the line.

[milanbenes]

"and now prefer to invest privately for my future",


me too, I'd rather be responsible for my financial failures
than some lying cheating IFA !

Milan.

[The Late, Great JC]

very good contribution Late Great JC.

Please do try to stay on topic.

What's your take on this when to retire and
how much do we need thang ?


Milan.

I recently contracted back into SERPS and now prefer to invest privately for my future. Plus, being "The Son of God" has its compensations...

[milanbenes]

very good contribution Late Great JC.

Please do try to stay on topic.

What's your take on this when to retire and
how much do we need thang ?


Milan.

[The Late, Great JC]

of course if you want to retire(*) at forty you'll have to be doing .Net on the NHS <TOOT<TOOT> gravy train like me and DimPrawn.

(*) retirement meaning having the choice to work or not and to choose what work

Milan.

MB, has anyone ever told you that you're a Wanker?

If not, then may I be the first?

[milanbenes]

of course if you want to retire(*) at forty you'll have to be doing .Net on the NHS <TOOT<TOOT> gravy train like me and DimPrawn.

(*) retirement meaning having the choice to work or not and to choose what work

Milan.

[The Late, Great JC]

55? 55? I'll working to 78 like my poor old grandad...

He only retired because of Alzheimer's.

(Particlularly nasty in the Giant Alien Lizard by the way).

You lot ( ) would survive a lot longer if you didn't eat the brains of your dead relatives.

[milanbenes]

looking at the bigger picture, considering the cost of living and household expenses, mortgage, car, food, going out it is difficult to see how anybody in the Saaafff East with a combined income of less than 150k a year can make anything more than a dent in the kind of financial provision which needs to be made for a comfortable retirment from 50 to 55

Milan.

[The Late, Great JC]

Or... form your own religion...

Blessed are the long haired workshy hippies - please give generously.