Quote:
Originally Posted by Cherie
do you get them free? I dont
so in your opinion owning your own home and 90K in the bank is a wealthy pensioner
what income will you get from living in your own home, nada unless you rent out a room, but there will be repair bills over the years, boiler breakdown, boiler service, roof repairs insurance etc
90k in the bank on a generous 1 per cent would give your an income of 900.00 a year on top of your state pension, you would get no where near 1 per cent these days, most of it would be on 0.25 per cent.
90k would soon dwindle away if you were drawing on it to subsidise your state pension, if you drew out 6,000 a year, giving you an extra 500 a month or 125 a week it would be gone in 15 years....happy old age!!!
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Thats when they should get extra money. Once its all spent.