The Retirement Thread
1 lurker |
176 watchers
Jun 2022
1:06pm, 17 Jun 2022
14,598 posts
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Mandymoo
All sounds positive Cath
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Jun 2022
1:10pm, 17 Jun 2022
27,479 posts
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Johnny Blaze
I thought the general advice was to hang on to DB pensions?
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Jun 2022
1:10pm, 17 Jun 2022
58,454 posts
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Velociraptor
Good news, Cath  I think Diogenes has the right philosophy. We can't be sure that statistics drawn from historical populations (even recent historical populations) will apply to us and it's worth persevering with behaviours we know to be health promoting. |
Jun 2022
1:19pm, 17 Jun 2022
5,025 posts
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Fields
JB - usually but not in every scenario.
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Jun 2022
1:56pm, 17 Jun 2022
10,288 posts
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cathrobinson
I am highly likely to hang onto my DB pension too, but I’ve a slightly better idea of what it is going to be as a retirement income now, and what it would be worth if I transferred it out. The exciting thing for me is retirement at 60 looks like a realistic possibility… maybe even sooner…! Does anyone here actually use Reeves before I go any further with them? |
Jun 2022
4:06pm, 17 Jun 2022
14,872 posts
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Sigh
I've fmailed you, cath.
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Jun 2022
5:56pm, 17 Jun 2022
136,279 posts
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GregP
I really disliked that graph. Sorry.
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Jun 2022
10:37am, 22 Jun 2022
1,414 posts
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arbster
cathrobinson I've not used Reeves, but would generally be of the view that unless you have very complex and diverse retirement savings there is no need to pay an advisor on a "funds under management" basis. That's a slice straight off the returns on investment that you need to support your own retirement, and in most cases they don't offer nearly enough value to justify the cost. My target for overall fees associated with my pensions is less than 0.5% per annum, ideally significantly less. If you're paying more than that, make sure you understand what you're getting for the money.
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Jun 2022
6:33pm, 22 Jun 2022
22,861 posts
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Bazoaxe
The situation at work continues to go downhill. My manager is now leaving which means all three between me and the CEO will have gone. In BC addition there are a couple of the old leadership team (peers of my manager) leaving Meantime the new leadership have completely misdiagnosed the issues making a tricky situation even worse. I wouldn’t be surprised if in due course the new lot also become casualties unless they realise what they have done and try to correct it So for now my job is safe albeit changing but I just wait and see what happens |
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Jun 2022
4:09am, 23 Jun 2022
10,292 posts
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cathrobinson
arbster I have a slightly different view. If I pay someone £1k and they make me £2k, I’m still up. If I DIY, there’s no guarantee that I will make £2k. I quite like the idea of a company taking a cut of the pot as it incentivises them to make as much money as possible to increase their earnings. Of course, where that falls down is those times when the pot is decreasing in value rather than increasing, but I’m still going to be playing the long game. |
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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