(November 22, 2011 at 7:16 pm)Tiberius Wrote: Savings. Instead of putting money away into a pension which you cannot touch until you reach retirement age (whenever that will be, it changes as the government realises they can't afford to pay us our pensions), you put money into a savings account. The big difference is, you have complete control over your savings; if you suddenly need to dip into them for an emergency, you can.
So instead of the employer adding more contribution to what the employee puts in to a pension plan, you prefer to go it alone with savings?
How are you going to live reasonably and put away the vast amount you will need to accumulate a sum that will give you a reasonable standard of living in retirement?
A man is born to a virgin mother, lives, dies, comes alive again and then disappears into the clouds to become his Dad. How likely is that?
