Chit Chat
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14 Aug 12
23:06
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Date Joined:
22 Sep 05
Obviously we never really know how long we're going to live , but once you're nearing retirement age what good is owning a house , having huge savings , investments etc ?
I'd rather spend the lot before then & live off benefits as long as i have a few quid to live off & enjoy myself still
The whole pension / work hard for your retirement is a scam imo
I'd rather spend the lot before then & live off benefits as long as i have a few quid to live off & enjoy myself still
The whole pension / work hard for your retirement is a scam imo
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Replies: 26
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mi min owe me minoy. He not good
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I honestly don't know what we're going to do with you, moonbeam.
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Don't need that much when older - pleases me to be able to assist the next gen ration.
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Most people have kids and want to leave an inheritance. I told my dad to just blow the money, go business class on holiday, fillet steak, 5 star hotels etc. of course he won't so I will have a nice inheritance .... Split five ways, taxed, inflated away etc.
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need lots of money when older to go on holidays and stay active with hobbies etc,if not you will probably die of boredom and be frustrated etc imo
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You have to pay more for yer t4rts!
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Because your pension is only a fraction of what you used to earn but the bills are still the same
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More drugs
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my min, very bad min
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This is a very interesting mathematical that I am pondering at the moment. One needs to maximise the utility gained from ones money, but with the uncertanities of how much you will make and how long you will live. I don't have a solution yes, but you need to factor in happiness gained from giving kids inheritence. Ignoring that, you should aim to die with nothing.
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If you get to 75 and you need money, rob a bank, if you get caught and go to prison, who cares ?
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mi min rob spirm bank, he dift.
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YAWN !!!
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Taking bets on whether The Leopard will wake up in the mornin..
he looks a little, well, too old to me! |
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how much you got in your savings account roughly now
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I hive mid hit and one Goat.
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Ivor....how old are you then...?
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Interesting,my old mans in his eighties, house paid for, reasonable savings.Lives on his pension but continually complains that he cant afford things yet puts £50 a week into a savings a/c,it drives me crazy, i can only assume that some people get pleasure from looking at numbers in a bank book.
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it sounds to me that he feels safer living like this Barrowboy
which is understandable , if he has a wife etc to think of .. and as he's always saved & been careful he subconciously thinks this is his only way .. though in reality he could sell his house & rent a place whilst enjoying the rest of his life more comfortably with the odd holiday etc ? I s'pose at 80 you just want to feel security , but is still a slightly false one i feel |
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he lives alone MC, funny thing is when my mum died for about 2 weeks he said he was going to live for the day give money to grandkids etc, but he never did & has just reverted to type.
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I just feel that if he spent all his money say in his 60's he could claim housing benefits anyway .. though a lot nicer retiring in his own house , for sure .
as Pumkinslayer says above there are a lot of mathematic variables , and everybody's circumstances will be slightly different too |
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sorry diddn't see your 14.08 post
that's a shame for him then , but as you say living for the day is what he should be doing I think many old people get very self occupied and live like this out of fear (no offence) more than anything , as you say he moans about stuff that he could probably buy 100 of ! |
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I'm just middle-aged Leopard .. 58
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"What good is money when you're older ?"
It enables one to suffer in comfort! Take it from one who knows! |
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Pay off mortgage
Cash savings No pension-just state pension Pet-dog or cat Enough money for-central heating full on winter-restaurants-cafes-internet-pub Fun bets-50p lucky31s   |
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Personally, I'm considering keeping myself reasonably fit and healthy until I hit about 65, and then throwing caution to the wind and hurling myself into a big orgy of booze, drugs, (and realistically, by then) wh0res and Viagra. 5 years of that sounds better than 20 years of slowly advancing decrepitude, plus that way I don't have to worry about a pension.
I guess I may have changed my mind by then, though. |