(November 23, 2011 at 1:22 pm)downbeatplumb Wrote: Not everyone has the spare cash to 'save for retirement' with me and many others,cash comes in cash goes out....yet you have spare cash to put in a pension? You missed the point; instead of putting that money into a pension, you put it into savings.
Quote:I have a family to support and not that long till retirement in the scheme of things.You are one of the lucky ones; you'll get most of your pension. I simply can't see how the government will be able to afford to pay mine, when it is predicted that when I retire, there will be 2 workers to every 1 pensioner. I'm not saying pensions are a bad thing, they just look that way for the current generation.
Quote:Sounds like adrians plan is to win the lotto.No, my plan is to save and invest, at least for now. I have a relatively low salary so I can't afford to put anything away in a pension just yet. In a few years, when I'm earning more, I'll probably start a small one, but I'll mainly focus on savings.
bozo Wrote:Anybody who thinks they will be better off dabbling in private investments than being in a good pension scheme is barking mad.You are nearing retirement age; you'll get your full pension. I don't trust the government enough to believe the same will happen to me in 50 or so years.
In the public sector, we have such a scheme and that's why we will fight to protect it.
