Quote:
Originally Posted by bitontheslide
the problem is that when you are young, you have a lot more options available to you to get yourself out of a sticky financial position. By the time you hit pension age, your options can be greatly reduced.
That being said, we are still a lot better off here than we would be in many other countries.
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It's extra fun when you have a life-long dependant and caring responsibilities. I try not to think about it too much. Have to say though, as neither my nor my wife's work has any physical element, I've basically come to terms with the fact that we simply may not ever fully retire (and hope that we retain mental alacrity as we age, thankfully this has been the case on both sides of the family so fingers crossed).
Also my wife has her superannuation pension & reached a high payment band very early in her career which helps a lot. "Gold-plated pension" etc... assuming the entire financial system doesn't fall apart.
For my own contribution I being a smartarse heavily opted to have something like 80% of my pension (and my full stocks and shares ISA) in global tech so that's fallen off a cliff in the last two weeks
. Thanks CrowdStrike
...
(realistically it'll rebound I'm not that worried, it's just been spooked)