Old Folk.

kneemos

Due to aging populations how will they provide for themselves in the future if as we are told pensions become unaffordable?

Dr. Mantis Toboggan

Soylent green.

Tony Beetroot

Have more children.

Aint Eazy Being Cheezy

Compulsory Euthanasia.

endacl

Dr. Mantis Toboggan wrote: »

Soylent green grey.

Better.

fleet_admiral

Buy an extra tin of tesco value beans every week and put in the shed

donegaLroad

The Cunning Linguist wrote: »

Compulsory Euthanasia.

Logan's Run

Aint Eazy Being Cheezy

donegaLroad wrote: »

Logan's Run

30 was the cut off there. I'd be a bit more generous. Maybe 40.

endacl

donegaLroad wrote: »

Logan's Run

Actually, that would be kinda cool. Maybe not everybody who reaches thirty though? How about, just those who fail to demonstrate that they're not a daily waste of oxygen? Automatic fail for anybody with 50+ convictions. And jedward.

Eramen

kneemos wrote: »

Due to aging populations how will they provide for themselves in the future if as we are told pensions become unaffordable?

Import more slaves immigrants under empathetic 'progressivist' pretenses so that we can afford to live.

#2Lazy4Kids
#Equality2015lol

Rock 1234

Tony Beetroot wrote: »

Have more children.

So they can emigrate and enrich some other country, Sad but true.

kneemos

Tony Beetroot wrote: »

Have more children.

More pensioners eventually.

Agricola

Have an annual Hunger Games, but for pensioners.

Paramite Pie

Ireland has a larger young population than aging population. Out of all the EU countries, we are of the least concern in that regard. France will suffer first! We'll see how it plays out for them.

anncoates

Rock 1234 wrote: »

So they can emigrate and enrich some other country,

As in hang around Irish bars in the US or Australia in GAA shirts before immediately coming back to jack up house prices at the first sign of an economic recovery?

Menas

Tis a timebomb.

There seem to be lots of people who have no intention of ever buying a home (fair enough) but also wont contribute to a private pension (the band do rob all the money so they do).
I dont know how they are going to afford rent, after they retire, if they are going to depend on a state pension...

Also, the state pension will be reduced in real terms value over the coming decades as the state cant afford it.

AH Answer: Oldies smell of pee.

anncoates

Menas wrote: »

I dont know how they are going to afford rent, after they retire, if they are going to depend on a state pension...

Yeah, but you can, like, head off backpacking to Guatemala at short notice when you're not tied down to a mortgage.

Captain Chaos

anncoates wrote: »

Yeah, but you can, like, head off backpacking to Guatemala at short notice when you're not tied down to a mortgage.

That's a big priority when you are 70 alright.

Considering most banks will now not give you a mortgage in Dublin if you earn less than 75k a year and are over 35 as you won't be able to pay off the loan before retirement age.

anncoates

Captain Chaos wrote: »

That's a big priority when you are 70 alright..

I'd advise you against ever changing your name to Captain Sarcasm Detector.


:pac:

Cabaal

Menas wrote: »

Tis a timebomb.

There seem to be lots of people who have no intention of ever buying a home (fair enough) but also wont contribute to a private pension (the band do rob all the money so they do).
I dont know how they are going to afford rent, after they retire, if they are going to depend on a state pension...

Also, the state pension will be reduced in real terms value over the coming decades as the state cant afford it.
.

Spot on,
Atleast if you get a mortgage odds are you'll have it paid off by the time you're 65-70 years of age so you don't have that large monthly payment to make anymore,

If you're renting then those payments are only likely to get bigger as they change with the market over the decades.

Menas

Cabaal wrote: »

Spot on,
Atleast if you get a mortgage odds are you'll have it paid off by the time you're 65-70 years of age so you don't have that large monthly payment to make anymore,

If you're renting then those payments are only likely to get bigger as they change with the market over the decades.

Aye, but the pity is that, in dublin at least, many people cant afford to buy but are not poor enough to get social housing.

valoren

A greater focus on self directed investing is required. Ireland is incredibly backward with regards to investing and the ability to do so.

We really need to have an equivalent of the ISA's in the UK. We also need to have ISA which can be linked to the stock market. Allow people to drip cash into the ISA and allow it to grow over a long timeframe. (100% tax free with no capital gains tax, an early redemption standard fee could apply if encashed early). That's the key to solving the pension crisis.

If you are contributing to a pension now, then the provider is simply putting it into an index tracker or something similar. It's completely at the whim of the market then. You have no control on it. If for example you employed a basic trend following system it could (note: could) work wonders.

For example;

I open a Cash ISA and save up to a maximum of 20k a year tax free. Or from as little as a Euro.
I also open a Stocks and Shares ISA.

I'm interested in the FTSE 100 index say.
I check it every weekend and if the 30 week average closing figure for the FTSE is higher than the 50 week one then it's possible that the market is increasing. I then transfer from the cash ISA to the stocks one.

The opposite is then true. Take it out when the 50 is higher than the 30 to avoid major downturns in the market.
Wsh rinse, repeat and 30 to 40 years down the line you'd have a nice sum to retire with.

We're missing a trick here in Ireland.

kupus

anncoates wrote: »

As in hang around Irish bars in the US or Australia in GAA shirts before immediately coming back to jack up house prices at the first sign of an economic recovery?

U mean the people that left actually want to come back. Marmaduke u crazy.

Why the hell would they want to return to a place infested with soccer jersey wearing scabs and rugby shirt entitlement Eijits.