The Retirement Thread
7 lurkers |
175 watchers
1:26pm
1:26pm, 30 Jan 2025
34,355 posts
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Rosehip
yep, dad drummed pensions into me when I started work - my working offspring were, reasonably, easily persuaded by the difference between two sets of grandparents and seeing me able to retire early. My DB pension better be left safe and properly funded though! |
1:33pm
1:33pm, 30 Jan 2025
9,353 posts
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westmoors
I was always convinced there wouldn't be a state pension when I retired, so have paid into pension funds whenever I could.
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1:37pm
1:37pm, 30 Jan 2025
31,798 posts
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Sigh
Our daughter will be 18 this year, giving her access to her Junior ISA. Our intention is to open a personal pension for her, with a separate sum, and encourage her to save into both ISA's and her pension as often as she can. She's still at college so this is all ahead of starting work. It would be fantastic if the proposed change to pensions, whereby the employee can ask for funds to be paid into their existing fund rather than accumulating lots of funds throughout their working life, were enacted. |
1:37pm
1:37pm, 30 Jan 2025
3,750 posts
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Muttley
On divorce I let the ex take a chunk of my pension pot. That's costing me thousands every year. Would have been better to let her make off with more of the house, tbh. It is the one regret I have and how I would love to have the time back so I could avoid making that mistake. |
2:00pm
2:00pm, 30 Jan 2025
73,506 posts
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Velociraptor
Muttley wrote: On divorce I let the ex take a chunk of my pension pot. That's costing me thousands every year. Would have been better to let her make off with more of the house, tbh. It is the one regret I have and how I would love to have the time back so I could avoid making that mistake. I'd probably make that same "mistake" again. My XH would have gone on trying to string out the game of Courtrooms and Barristers forever on various pretexts, and nobody apart from me had any interest in putting an end to it. |
3:18pm
3:18pm, 30 Jan 2025
18,398 posts
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jdawayinamanger
Working abroad probably screwed my pension (I really don't know what if anything I'll get from Japan), but the career opportunity and salary more than made up for that and I always took the view that I would make my own investment decisions. My dad provided some early education, he probably ought to have gone into finance rather than science really.
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3:36pm
3:36pm, 30 Jan 2025
6,623 posts
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Windsor Wool
I’m self-funding my retirement until I take my pension in 8 or so years. I suppose that means I do watch financial markets pretty closely and I have to say if anyone is in a fund that hasn’t made money in the last 2 years then get out of it!! With high interest rates and equities at record highs then it should be criminal for any kind of expert not to make good returns. One of the best traders I ever worked with had a lot of mottos. The one I’m thinking of most at the movement is: ‘nobody ever lost money taking a profit’. @Sigh I’m pretty pleased that my son will turn 18 when only just starting the last year of his A-levels. If he’d been born later in the year and then his junior ISA mature as he goes to university I’d be rather concerned. I know what I might have done with at least some of that money 😮 (although I do hope we’ve parented him better than I was!). |
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3:46pm
3:46pm, 30 Jan 2025
31,800 posts
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Sigh
Same here, @Windsor Wool . Sian will be 18 this October, one month into her final year of 'compulsory education'. Although she's already careful with any money she has, so we're reasonably confident she won't waste it.
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4:10pm
4:10pm, 30 Jan 2025
61,859 posts
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EvilPixie
Gnome is very sensible with money
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4:10pm
4:10pm, 30 Jan 2025
3,751 posts
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Muttley
I spent some years working abroad, in the Soviet Union. Perhaps I should check to see if I'm owed a rouble pension 
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McGoohan Useful Links
FE accepts no responsibility for external links. Or anything, really.- Money Helper
- How Much is Enough to Retire On?
- Retirement Living Standards
- How much will you need to retire?
- Free Govt website for pension advice
- SIPP pensions
- ISAs
- Check your National Insurance contributions
- Check your state pension account
- Martin Lewis on pensions
- Support and advice for those widowed under the age of 50
- Power of Attorney information
- Making the most of your retirement
- 20 tips for a happy retirement
- Married Couple's Allowance
- Aviva guide to retirement planning
- U3A
- U3A Local Sites - map
- Make a Power of Attorney
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