The Retirement Thread

[Dave7]

I know but watch this space I think. We would end up having to pay the bank to keep our money and as for a mortgage, you would keep paying the same but the the number of years you would have left to pay would come down quite a lot. Stupid I know but WHEN it happens I will move what little I have

But where to move it to ??

 

[Dirk]

But where to move it to ??

Gold?

 

[Dave7]

Confession time.
Ii have just got out of bed.
Was knackered after last night. Up at 0800ish (I think) had promised vodka and orange.......I am a great believer in hair of the dog.....and went back to bed.
I now have to sort all the dishes etc out from last night.......wonderful, just can't wait to get started

 

[Dave7]

But where to move it to ??

MrsD is seriously suggesting cashing it in and putting it in a tin box under the bed.

 

[Flick of the Elbow]

Has anyone between the ages of 60 and 65 had to seriously reconsider their retirement plans in the wake of this Coronavirus disaster and the inevitable effect it will have on your pensions/investments?

Not necessarily an inevitable effect. Depends how your investments are spread, some will go down some will go up. And also the duration of the investment, if you’ve invested with the intention of 20 to 30 year return then there’s plenty of time for the investments to recover from short term dips.

 

[welsh dragon]

But where to move it to ??

Premium bonds. No Interest but at least I would have a chance of winning something each month

 

[Paulus]

Premium bonds. No Interest but at least I would have a chance of winning something each month

The last couple of years my return has been better than the banks.
I'm already up this year on what the banks can offer.

 

[Dave7]

Not necessarily an inevitable effect. Depends how your investments are spread, some will go down some will go up. And also the duration of the investment, if you’ve invested with the intention of 20 to 30 year return then there’s plenty of time for the investments to recover from short term dips.

I am well past that but like Welshie am watching my small investment.
I seriously wonder if the government can decide "sorry, we are skint......we can no longer pay your retirement/old age pension". Scary but I can see it happening.

 

[12boy]

When I decided to pull the plug on working I compared net income from the job to my retirement net. Although the gross was far apart the net wasn't. As the man was overheard to say after he jumped off the Empire State building and passed floor after floor....so far so good. I am with Mo on this one...how much crap do we really need? What we really do need in this house is Swedish death cleansing. The amount of stuff we've acquired is owning us.

 

[SpokeyDokey]

Has anyone between the ages of 60 and 65 had to seriously reconsider their retirement plans in the wake of this Coronavirus disaster and the inevitable effect it will have on your pensions/investments?

No not at all. Although I have become increasingly fretful about the interest rates available on cash isa's and fixed rate bonds which are almost nosediving by the hour - the side effect of low inflation and quantative easing having yet another impact on the income of people who have been able to and/or bothered to save for their old age.

 

[screenman]

MrsD is seriously suggesting cashing it in and putting it in a tin box under the bed.

We did that and ended up with a bed 3 inches from the ceiling.

 

[SpokeyDokey]

Got up after noon today as we didn't get to bed until just before 7am due to usual Saturday night malarky.

Very windy out there and simply CBA to even contemplate a bike ride.

Just fitted a new cover thingy to an iPad that arrived today a whole 18 hours after ordering - love 'em or loathe 'em Amazon are very efficient.

All day breakfast mooted for around 6pm which should be yummy.

Other than that I'm reading my Kindle in a while and sorting some playlists out on Spotify - it's a hard life.

 

[screenman]

Premium bonds. No Interest but at least I would have a chance of winning something each month

None of mine have ever won, 53 years zilch nothing I am not even sure they are in the barrel.

 

[screenman]

Update, the TV is not going above the fire.

 

[gavroche]

Suppose a lot depends on your lifestyle. I don’t drink or smoke. Not that bothered about holidays either. I am content with the simple things in life and never happier than when out in the fresh air walking, jogging, cycling, etc. I now have more than enough bikes to last me for years and all the clothing and footwear for most conditions. Talking of which the rain is now battering down! As long as I can have a roof over my head which I can afford to heat and food on the table and my big telly, computer, etc to amuse me when indoors I am happy.

I am with you on this. I would happily give up holidays, I have seen the places I wanted to see in the world and now, having to pay thousands for two weeks somewhere just depresses me. Shame that my wife doesn't see it that way too. The trouble is, because her kids go abroad each year, they put pressure on us to go with them and frankly, I , for one , have no wish to go.