Good Pension advice

Guest's Response to Stuart_Courtney's Review

Written on: 15/07/2012

I think that your illustration is not cslpeiaely useful.The average pot that is a352k which would give an income of a33200 or a32600 if you are about to retire. The average salary is a326000, or even if you were lucky enough to be in the top 25% of earners, you are earning just under a332,000.the idea of putting away another a310 rather than a31000 per month into a pension is very unrealistic in this current situation.If you manage to retire at 60 then you will have no one to play glof with as your friends will be working for another seven years at least.We also need to be very careful where we put our savings for our retirement, so many pension funds have been lost or looted, so you may find that your fund is less than you thought, or even less than you put in, and what that fund buys you is less than you thought.We need to put more emphasis on spending less now, saving it and investing it in many different ways and needing less in our retirement by sharing resources and costs.