Retirement?

Firstly: No, I’m not retiring at the age of 25. That’s just ridiculous.

Unless, of course you are a Billionaire or something

I’ve been thinking about my retirement for a while now. What kind of retirement do I want? Where do I want to retire to? How much money do I want to live on?

In our current climate, this might seem a little backward. But think of it this way, I have only 40 more working years to collect as much dosh as I can, so that I can live comfortably in my old age.

Assuming I can retire at the age of 65, that is

So, it came as a slight shock when I received a letter, today from my local council saying that I’d accrued £13k in retirement money, while working a job that lasted a little over a year. Money that I wont be able to get to until I’m 65, and even then only in £300 instalments.

That’s pretty cool

This got me to thinking, with the current economic climate is it better to take that money and invest it into a private pension scheme or would it be better off where it is?

I mean, I hear of certain pension schemes going under all the time. One company that a relative worked for went under, because they’d reclaimed the funds that the company had put into the worker’s pension fund because… well, there was no answer given. I also read, recently about a company that specialised in pensions going bust and losing all the money that the innocent workers had put into it.

A Plan?

My idea is that: I’ll go round some of the big banks and building societies and see what they think, then I might get in touch with a chartered accountant and see what they think.

Obviously, the “impartial advice” I receive from the banks and building societies will be completely lop-sided, and I should say that it might also cost me a lot of money to get a consultation with a chartered accountant. But I think that in the end it’ll be worth it. I mean, at least that I’ve taken a look into the different options available.

I’d also rather not have a whole bunch of different pension schemes paying me at, potentially, different times once I’ve retired. If I can’t remember what happened last week, how am I going to remember to let each of these individual companies know where I live when I turn 65?

As I say, I’m planning on looking and finding out. If i where in the intelligence business

I’m not allowed to say whether I am or whether I’m not, by the way

… I’d say that this was a fact finding mission.

But I’m not.

So I wont.

Maybe

J

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Jamie is a .NET developer specialising in ASP.NET MVC websites and services, with a background in WinForms and Games Development. When not programming using .NET, he is either learning about .NET Core (and usually building something cross platform with it), speaking Japanese to anyone who'll listen, learning about languages, writing for this blog, or writing for a blog about Retro Gaming (which he runs with his brother)