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Mc Moonbeam
14 Aug 12 22:06
Date Joined: 22 Sep 05
| Topic/replies: 13,366 | Blogger: Mc Moonbeam's blog
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 Plain
Pause Switch to Standard View What good is money when you're older ?
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Report ChildSupportAgencys August 14, 2012 11:34 PM BST
mi min owe me minoy. He not good
Report Makybe_Diva August 15, 2012 8:57 PM BST
I honestly don't know what we're going to do with you, moonbeam.Crazy
Report Ivor August 15, 2012 9:04 PM BST
Don't need that much when older - pleases me to be able to assist the next gen ration.
Report rob_dylan August 15, 2012 9:06 PM BST
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.
Report padlock August 15, 2012 9:07 PM BST
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
Report naydam August 15, 2012 11:08 PM BST
You have to pay more for yer t4rts!
Report Knight Commander August 15, 2012 11:10 PM BST
Because your pension is only a fraction of what you used to earn but the bills are still the same Cry
Report kincsem August 15, 2012 11:33 PM BST
More drugs
Report ChildSupportAgencys August 15, 2012 11:36 PM BST
my min, very bad min
Report pumpkinslayertoo August 15, 2012 11:43 PM BST
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.
Report twomatchpoints August 15, 2012 11:52 PM BST
If you get to 75 and you need money, rob a bank, if you get caught and go to prison, who cares ?
Report ChildSupportAgencys August 15, 2012 11:53 PM BST
mi min rob spirm bank, he dift.
Report The Leopard August 16, 2012 12:00 AM BST
YAWN !!!
Report Ivor August 16, 2012 12:03 AM BST
Taking bets on whether The Leopard will wake up in the mornin..
he looks a little, well, too old to me!
Report Footiefan111 August 16, 2012 12:08 AM BST
how much you got in your savings account roughly now
Report ChildSupportAgencys August 16, 2012 12:12 AM BST
I hive mid hit and one Goat.
Report The Leopard August 16, 2012 12:18 AM BST old are you then...?
Report BARROWBOY August 16, 2012 1:19 PM BST
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.
Report Mc Moonbeam August 16, 2012 2:00 PM BST
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
Report BARROWBOY August 16, 2012 2:08 PM BST
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.
Report Mc Moonbeam August 16, 2012 2:10 PM BST
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
Report Mc Moonbeam August 16, 2012 2:13 PM BST
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 !
Report Ivor August 16, 2012 2:13 PM BST
I'm just middle-aged Leopard .. 58 Happy
Report Slicer August 16, 2012 2:15 PM BST
"What good is money when you're older ?"

It enables one to suffer in comfort!
Take it from one who knows!
Report xmoneyx August 16, 2012 3:00 PM BST
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

Report PatraTheCat August 16, 2012 7:06 PM BST
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.
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