The Retirement Thread

[Dirk]

Tell me, if you could say double your pension by working one or two days a week doing something you enjoy, would you? I will.

I wouldn't
Time is more valuable than money to me. Always has been, always will be.

 

[Dirk]

Lucky position with the lump sums, what were your jobs?

Now that would be telling.

 

[screenman]

I wouldn't
Time is more valuable than money to me. Always has been, always will be.

Even if you were bouncing along the bottom unable to lead a decent lifestyle, come on.

Public sector pensions give a very good return on investment.

 

[screenman]

I wouldn't
Time is more valuable than money to me. Always has been, always will be.

So taking money for doing something you would like doing is a no go, that is an odd choice.

 

[Dirk]

Even if you were bouncing along the bottom unable to lead a decent lifestyle....

I'm not. So the question doesn't arise.

 

[Dirk]

So taking money for doing something you would like doing is a no go, that is an odd choice.

I don't think may people would pay me to ride my bike, take holidays or drink wine.

 

[screenman]

I'm not. So the question doesn't arise.

So why answer the question then? Or you could put yourself in the place of somebody with a basic state pension and answer it from there. I feel you may give a different answer.

 

[screenman]

I don't think may people would pay me to ride my bike, take holidays or drink wine.

Maybe not you, but plenty of people who make a good job of doing those get paid for it, maybe you are losing out.

 

[Dirk]

So why answer the question then? Or you could put yourself in the place of somebody with a basic state pension and answer it from there. I feel you may give a different answer.

You may well be right. Who knows? It's all hypothetical.

 

[Drago]

The average public sector pension pays out less than £5000 a year. If you want big bucks, you gotta make big contributions. As aforementioned some pages back, I was paying in well North of £400 a month. Or, in other words, each month I was paying in equivalent of a weeks wages for someone earning £20,000. It did not come cheap.

Meanwhile, I was earning 50% less than if I'd gone to work in the fraud department of the large company who's headquarters were in the same street as our office. Indeed, several of my staff did.

 

[Deleted member 1258]

Living well is how I like to do it, we or most of us make the choices. I could retire now and get by, I would not enjoy that as much as the life I have now.

Tell me, if you could say double your pension by working one or two days a week doing something you enjoy, would you? I will.

I'd have to work out what loosing my pension credit would cost me against what I'd gain.

 

[Drago]

I don't even get my state pension for another 18 years.

 

[Dirk]

I don't even get my state pension for another 18 years.

I'm old enough to be yer Dad!

Is that you son?.......

 

[Drago]

Papa!

Henceforth you shall be known as Papa Dirkie.

 

[screenman]

Papa!

Henceforth you shall be known as Papa Dirkie.

Have you worked out how much you would need in the pot to buy a annuity big enough to give you what you get, my copper mate did and it was a massive amount that surprised him.