Tia Maria
10th January 2007, 11:07 PM
In light of Avalon's money thread, it got me thinking about sorting out our finances and I just wandered how everyone else was providing for retirement?
Pension, property, shares, offshore, nothing?
I am planning to bring the children up as famous artists/rock stars/authors, in which case they will be able to pay for our mansion with swimming pool, but just in case that doesn't come off I should maybe have a back up plan.
Cheers
Tia
PS You can choose more than one option
Avalon
11th January 2007, 07:37 AM
Ooops - Thinky over here didnt read the "more than one option bit" :o
So I picked other - but its actually a mix of shares (overseas), property and overseas pension.
Sorry to muck up your poll.
Hxxx
Smiler
11th January 2007, 08:01 AM
Ha I did it correctly. :p
My first born asked for no publicity when winning the UK lottery, so we've had to make contingency plans too.
I've done ours as a couple, it's a mixture of UK (his) and NZ (mine) pension plans. Also includes offshore accounts, share investments, ISA's and insurance policies too, most of which OH before we met. I like the idea of getting married. :D
My attempt at shareholding has been a disaster, shares in the company that produced Pinky and Perky cartoons, I'm not allowed out in the money markets without supervision now.
Tia Maria
11th January 2007, 08:13 PM
I was quite organised with money in the UK and feel a bit slack for not having sorted out a NZ equivalent.
I think its easy to feel with everything you pay for to emigrate in the first place, then all the costs when you get over here, that providing for retirement is way down on the list. But in a way its probably more important than ever.
Cheers
Tia
Smiler
11th January 2007, 08:32 PM
I was quite organised with money in the UK and feel a bit slack for not having sorted out a NZ equivalent.
I think its easy to feel with everything you pay for to emigrate in the first place, then all the costs when you get over here, that providing for retirement is way down on the list. But in a way its probably more important than ever. Cheers Tia
Absolutely!
It's always been bottom of my wish list too, but when I left my well paid, nice pension coming in 2040, fulltime job in the UK to start working for our own company, I knew it was down to me to sort it out pronto.
I didn't sort the majority of it out until we were here, but TBH I was also pretty scared that something would happen to G and I'd be left in a pickled big grey area with finances, (especially not being married) and however you state your wishes in a will or otherwise, it was easier to make provision for it and lessen the worry.
I take a low wage from our company, enough to live on, but I get a bonus when I make a sale. I make sure that a big chunk of that goes in my pension fund. :clap
Even if you can save a little and see it grow, it's a start. :nice1
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