Xenomorph
Distinguished Member
So it's getting to that time of life when I'm actually interested in pensions. The golden years of final salary (defined benefits) schemes are well and truly gone, and these days all the risk and responsibility is put on the employee to make provision for their pension. I look at my Dad, who was a civil servant working for Dept of Transport. He retired at 60 and is doing alright. Currently burning through our inheritance on cruises Fair play to him though. I don't think his salary was ever that high. I believe this is still the case for civil servants, but they do get a decent pension.
So what's your priority? Would you rather enjoy life with a good salary and to hell with retirement? Or do you get worried about piling up enough cash to get you through the later years in life, and therefore save everything you can? Of course if you get paid enough, you can do both!
All a gamble though isn't it? You never know how long you're going to live. I would hate to not have enough money to live comfortably in retirement.
So what's your priority? Would you rather enjoy life with a good salary and to hell with retirement? Or do you get worried about piling up enough cash to get you through the later years in life, and therefore save everything you can? Of course if you get paid enough, you can do both!
All a gamble though isn't it? You never know how long you're going to live. I would hate to not have enough money to live comfortably in retirement.