Who is going to support you in your old age ?

[mozhe]

...in other words..what pension plans have you made ?

you tell first....

I'm hoping to just go crackers and be a burden to my family..that's the plan anyway

haha!
I have a teachers pension which won't be worth much as they assume a 40 year career...
dh has a private pension currently worth pants and we shove a lot into that each month

I do worry, it comes and goes tho, my worry

Is there no end to your inventive use of titles which are simply there as yet another opportunity to bash women who make different lifestyle choices from you Mozhe?

You've made your point. We all know what you think. SAHM's will regret depending on their DH's for their pensions. Yes, you've already said. I'm sure they're all very grateful for your concern.

Good grief and people say SAHMs have only one topic of conversation.

I decided private pension plans were crap (especially as my work & was always going to be on and off) so took out an investment trust. It's doing quite well. DH's pension is crap as he's moved job a lot.

I can't be the only one to find it a concern that a Psychiatrist has an "one way" view of the world (work and money are massively important). Why are some so threatened by people making different choices?

I am interested in the choices other people make otherwise I would not ask the questions ?
I have a private pension and an NHS one too....I think it is important to make provision for old age...who else is going to provide for me in the way I have clearly become acustomed to
Interested why some people feel so hostile about this question ?
I do not know the future....neither do any of you.
I could be widowed. Divorced. Dependant adult child ? Who knows what problems...
If not...then I am well provided for and can do as I like in retirement,( though my mother never retired and worked until her death in her mid-eighties...), and continue to benefit from my working life decisions.

Well, I've been very responsible about it all.

I drink a lot and smoke a lot. I am led to believe that this will facilitate an earlier than usual exit from the world ... thus my son gets to inherit, without all the tedium of the weekly visit to the state-funded old people's home

As a SAHM, my children will support me in my old age, that is the reason we have children...no?

I have a bucket full of sand.

Sorry, you are all sounding a bit muffled...

What suggestions can you give others ?

I have a pension plans and my own savings. AND I'm a sahm!

I have paid into a French pension scheme for many years and have private investments and property. When I return to work I shall continue to pay into pension scheme (no choice there) and make private investments. I shall inherit quite a lot in due course also.

My partner also has significant pension/future outgoings provision/life insurance etc, is making quite a lot of money at work and will inherit (only child) significantly. We are already in the process of making financial provision for our children.

So not worried at this point, all under control.

Suggestions - after initial investment in property in UK, remortgage (partially) and buy property to do up in France - you can get a lot of very nice house for your money that way and prepare a lovely home for your holidays/old age - but it's not a liquid investment, so make the decision carefully.

Luckily for me I have wealthy relatives so i intend to put my inheritance away and use that.

work pensions for me and dh but they will be a pittance, so we will probably work until we are 70. this is a serious issue, there are going to be alot of us 'downsizing' in our old age.

I will have a dependent adult child mozhe- which is one reason why it is very difficult to work now & build up pension plans now (yawn). Anyway a dependent adult child is better off NOT having any money of their own. At care costing £8 grand a month any savings they have will soon be gone, so SS may as well pay from the beginning. If the adult dependent child lives at home he will pay us rent (from his benefit/SS money); not at market rate, it's about 40 quid a week I think.....

Yes property is a way of building up a nest egg.....I bought a buy-to-let in a good part of London with my inheritance from my mother.It has really increased in value,and provides a useful ' top up ' income currently,( and in the future )...DH's view is that if at all possible aim not to take a cut in income when you retire,how realistic do you think this is ? Especially with 6 children.......

Most people's costs go down significantly when they are older (no mortgage, no children to support, fewer outgoings on clothes for work etc). What matters is income - current costs = cover your desired lifestyle (while preserving capital if at all possible to cover for eventualities and inheritance). The equation varies hugely over a lifespan and is very personal.

in answer to the op i have no idea and really am not bothered in the slightest atm

Should you be though ?

Pension?

LOL!

My pension is to work until I am no longer physically able to.

Then I hope I die soon thereafter.

I plan to take up smoking again to hasten the end.