Pensions

[Sliverofdarkness]

I've started thinking about my pension seriously and am really worried. My husband has always been against paying into a pension and being a SAHM for quite a few years I wasn't able to pay into a pension. My pension is tiny but we've paid off most of our mortgage. Now I'm mid 40s and worried i can never retire and I hate my job. Is it hopeless trying to build up a pension now? I reckon I have 20 years but maybe that's not enough. I'll have to do it secretly as husband is so against them, he's seen people lose loads of money on them. What do I do?

Don't know why but this thread stuck in my mind this morning, probably because of the severe level of stupid in it. Questioning whether it's too late to start a pension is pretty stupid. It is NEVER too late to start a pension. Even if you're 60, it's not too late. Just think of it as saving.

Secondly your husband is even more stupid (or lying to you).

Life is for living and I don't agree with working people being a slave to a pension and throwing absolutely everything in. I would much prefer to have money to spend while I'm young and able, but there's a happy medium. Life is going to be very challenging if you're reliant on the state pension, make sure you put something in, it's amazing how quickly it builds.

If your DH doesn't think pensions work, presumably he doesn't have on either - so what's his plan for your shared old age??

Your husband sounds financially illiterate and controlling to boot. I'd be thinking about sacking him off and paying max possible contributions into your work pension scheme.

He’s an idiot. Virtually no-one loses money on a pension. It’s the whole point of them - a safe way to ensure you have money when you retire.

How is he proposing you both live when you retire? What off of? State pension is about £11k a year…..

I totally agree about pensions being relatively safe.

But he is not the only one responsible - when you say 'how is he proposing you both live' you hopefully mean 'how are they both proposing to live'. They're both adults. They're both responsible. Its not just for him to provide for her. That concept died over 50 years ago.

If your husband earn why is he against free money from the government?

Eh? He’s the one saying not to get a pension so I’m asking how he proposes they live when they retire, if he knows so much about it. Like, literally what does he say when you ask him….

At no point anywhere did I make a comment that men are meant to look after women?! Bizarre.

Is he financially controlling in other ways OP?

I bet he has got a pension but keeps it a secret. I don’t like the sound of him.

Start now. Never take anyone else’s opinion about money and finance as your strategy. They may be wrong and they may have a different approach to money. None of that will matter if you split.