lifebegins50 I am 36, I don't have a pension, as I don't work anymore. My dh has one, but not sure what it is and it does not sound great. I think I will need to book a pensions planning appointment. That will push dh to give me the info.
converseandjeans we don't rent, we own our house, but it can be rented out for 4k a month (as that is what it was rented for in the past by the previous owners). In a few years our mortgage will be payed off and we also plan to build a basement, so the house will be worth more money and probably be able to be rented out for more money in the future. As for working, I am pregnant with my third child and not planning to return to work for a mother few years and then I will only do part time until the child is older.
LoubyLou1234 we are in the UK and no I only worked for 3 years here, but perhaps if I work more years later I could qualify. I need to look that up...how many years working and amount per year to qualify.
RosaWaiting Ive got no clue. I guess I am lucky in that I have never had to pay attention to my outgoings...which I guess could make things tricky when I retire. However, I have never been a big spender, like some friends, who spend on expensive clothes or bags. I have always had simple tastes. If you ask what we spend a week for groceries, I couldn't tell you. I go to the store daily and buy what I want think we need...we probably waste a lot as well, as a lot of food gets thrown out (I know - bad am I am trying to plan better). At the moment, the only thing I pay attention to for outings, is the amount we spend on cleaner and au pair, as I have to pay them weekly. Although, I feel we waste a lot of money on the cleaner...so am thinking we should probably cut back (3 times a week).
Knitclubchatter, sorry for the confusion, we live in the place that I plan to rent out in the future. In a few years it will be paid off. We would then move to somewhere that is not crazy expensive (we live in London). The house is in good condition, but as with all London homes, something always comes up (a minor leak here or there). We don't currently have a budget. We just spend as we need to. My dh never wants to talk about budgeting. However, we have more then enough, no credit card debt (actually, I have not used a credit card in years, but my dh does, but all paid off). We have a big chunk of savings as well. However, I still worry and like to plan for the future.
His inheritance, if divided fairly amongst him and his brothers would be good. However, his parents always seem to give so much to his brothers and not much to my dh (probably because he is the most successful out of the 3 - one had never worked, depends completely on the parents and is in his late 40s!!!! He is capable of working, but just doesn't). But this also scares me, as it would help if they would be fair and distribute inheritance equally....but to be honest, not counting on it so don't use that in my vision for the future. From my side, I will inherit everything, which includes a house fully paid for and whatever savings.
I guess, what I am saying is, we are incredibly lucky now and very comfortable....however, I worry about the future, as there are no plans really. My plan is to arrange an appointment with an advisor, which will get my dh to think about things.