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AIBU?

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Original poster

To wonder how long the stock market is going to be in turmoil, pension decisions

37 replies

Jud3 · 07/04/2025 14:25

So we’re in the unenviable position of being near retirement and need to make decisions.

OP posts:
MooseAndSquirrelLoveFlannel · 07/04/2025 15:02

We can only hope for an impeachment and someone sensible takes over.

We have watched our pension fund tank in real time. We have 7 years to retirement, hoping it recovers..

Mizztikle · 07/04/2025 15:02

Apparently he's "Breaking it down to rebuild it"

ThatSchoolOfficeLady · 07/04/2025 15:02

natura · 07/04/2025 14:53

I have no idea, @Jud3 but I feel you. Was hoping to buy my first house this year, and just watched my deposit absolutely tank.

If interest rates fall, it may help you though?

animalculous · 07/04/2025 15:00

I have a smallish pension that I've just put in for as it'll serve as savings. I lost £300 on it just yesterday and I'm not prepared to lose any more. It's the only savings I have so I'm not risking it. Ds1 has lost the same amount on his smallish portfolio, which is a shame as the young need all the money they can get 😢 I'm worried that things completely crash and we end up like 2008 and then a recession.

MrsTerryPratchett · 07/04/2025 14:57

randomchap · 07/04/2025 14:54

Trump is in for 4 years. Then he's trying to engineer a 3rd term.

He's a loose cannon and seems hell bent on destroying the world economy.

No one will be able to answer how long this will last with any degree of certainty

This. He's thrown out any vestige of logic and reason so who knows.

Gold maybe. Portable for the zombie apocalypse.

randomchap · 07/04/2025 14:54

Trump is in for 4 years. Then he's trying to engineer a 3rd term.

He's a loose cannon and seems hell bent on destroying the world economy.

No one will be able to answer how long this will last with any degree of certainty

Original poster
Jud3 · 07/04/2025 14:54

natura · 07/04/2025 14:53

I have no idea, @Jud3 but I feel you. Was hoping to buy my first house this year, and just watched my deposit absolutely tank.

So sorry. Bloody Trump will be making money from all this. 😡

OP posts:
ViciousCurrentBun · 07/04/2025 14:54

As you’re close to retirement what do you mean by decisions buying annuities? Where to invest? That sort of thing?

natura · 07/04/2025 14:53

I have no idea, @Jud3 but I feel you. Was hoping to buy my first house this year, and just watched my deposit absolutely tank.

Original poster
Jud3 · 07/04/2025 14:52

Then there are pension decisions themselves too .I guess just sitting tight is the best option but wondering how long that will be.

OP posts:
Original poster
Jud3 · 07/04/2025 14:51

Abenny · 07/04/2025 14:31

It's a real 'nobody knows'. How long until your retirement? What have you been planning? What do you have in the various asset classes?

Nothing fancy. Various pensions with lump sums.Got 5-9 years. Was planning to clear a massive chunk off the mortgage this year with a lump sum so we can enjoy life a little in the run up to retirement whilst working to clear the remainder for retirement. I know we’re not as bad as many so not whining but I guess the enjoying life bit won’t be happening for a while yet. 😫

OP posts:
Abenny · 07/04/2025 14:31

It's a real 'nobody knows'. How long until your retirement? What have you been planning? What do you have in the various asset classes?