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Do you have a pension?

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Comments

  • #872
    ancapailldorcha
    Moderators, Category Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 42,908 CMod ✭✭✭✭ancapailldorcha


    KomradeBishop wrote: »
    Yes, because we all know that the means by which regulators contributed to the Average Joe being screwed, was through being too careful/skeptical, not through being too lax in care/skepticism....

    Do you seriously believe this?

    The foreigner residing among you must be treated as your native-born. Love them as yourself, for you were foreigners in Egypt. I am the LORD your God.

    Leviticus 19:34



  • #873
    KomradeBishop
    Closed Accounts Posts: 4,981 ✭✭✭KomradeBishop


    Tbh, I didn't think the sarcasm in that post, was subtle enough to warrant a smiley or [/sarcasm] tag - though I should have expected posters well practiced in rhetorically-motivated wilful blindness, to miss it.


  • #874
    FURET
    Closed Accounts Posts: 685 ✭✭✭FURET


    valoren wrote: »
    I've just been reading for years about what to do about investing and was all focused on investing in Vanguard ETF's. The taxation complexities of etf's put me off.

    Just wondering if you considered investing in Vanguard ETFs (such as VEUR, VUSA, VETY, VDEM, etc) through a self-directed PRSA offered by the likes of Davy.

    Did the locking-away of your money put you off that option?


  • #875
    valoren
    Registered Users, Registered Users 2 Posts: 5,619 ✭✭✭valoren


    FURET wrote: »
    Just wondering if you considered investing in Vanguard ETFs (such as VEUR, VUSA, VETY, VDEM, etc) through a self-directed PRSA offered by the likes of Davy.

    Did the locking-away of your money put you off that option?

    I had a PRSA with Davy but closed it during the grace period. I was invested in the eur VWRL etf during that time.

    It was the locking away that did put me off. For me personally I am more likely to invest where there is a safety net (if I really needed the cash, then it is there) but still put the money to work in the meantime. Not that I have any intention of falling so to speak (I plan to hold long term and invest in a select group of companies at fair value). Locking in, to me, significant sums of money for a very long time is discomforting to me.

    I think I would need to rein myself in in terms of diversification. I could end up being a closet indexer if I hold shares in Vanguards top holdings, as in if I am spreading the capital over many companies then I may as well invest directly in the Vanguard funds. If I had a diversification bent then Vanguard is the definitely the option for that. I am leaning more towards accruing concentrated positions in selected companies instead, reinvesting the dividends and increasing the holdings during market sell off's. Essentially it's a contrarian dividend growth strategy over the very long term.


  • #876
    Stheno
    Moderators, Business & Finance Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 51,685 Mod ✭✭✭✭Stheno


    I was at a talk tonight, where they were looking at pensions.

    Apparently 40% of the population have no private pension at all.

    I've two one from 1997 and one from 2006 but haven't put a penny in since.

    I got a right kick up the arse as the pension age is going up to 68 in 2028 which affects anyone born after 1961, and I didn't realise the tax benefits of a pension.

    So good people of AH, do you have a pension?


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  • #877
    XR3i
    Site Banned Posts: 6,498 ✭✭✭XR3i


    a palm reader told me i'd die young so never really bothered


  • #878
    The Backwards Man
    Closed Accounts Posts: 18,299 ✭✭✭✭The Backwards Man


    It'll be 2060 odd by the time I'll be pension age the way it's going.

    Have a pension since I was 21, I have enough in it already to buy a very very very small car in 2045. :)


  • #879
    XR3i
    Site Banned Posts: 6,498 ✭✭✭XR3i


    The Backwards Man wrote: »
    It'll be 2060 odd by the time I'll be pension age the way it's going.

    Have a pension since I was 21, I have enough in it already to buy a very very very small car in 2045. :)

    get a ford


  • #880
    Galwayguy35
    Registered Users, Registered Users 2 Posts: 17,455 ✭✭✭✭Galwayguy35


    I do, started one last year when I turned 40.

    Would have been better to start paying into one sooner but better late than never.


  • #881
    Canis Lupus
    Registered Users, Registered Users 2 Posts: 9,880 ✭✭✭Canis Lupus


    Forced pension here in Australia called superannuation. You can also top it up yourself along with the mandatory contributions. I was annoyed about it when I first moved here but now I think it's a good idea. I too can afford a very very very very small car thanks to it. Small cars for everyone is what I say.


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  • #882
    Jayop
    Closed Accounts Posts: 17,377 ✭✭✭✭Jayop


    Really really need one. Pay enough income tax return to benefit from it too probably.


  • #883
    The Randy Riverbeast
    Closed Accounts Posts: 1,770 ✭✭✭The Randy Riverbeast


    Not yet but plan to have one as soon as I graduate. They'll raise the age to 80 before I'll get to retire knowing my luck.


  • #884
    cbyrd
    Registered Users, Registered Users 2 Posts: 3,214 ✭✭✭cbyrd


    I buy silver and hoard it ...


  • #885
    retalivity
    Registered Users, Registered Users 2 Posts: 15,164 ✭✭✭✭retalivity


    Paid into one for 3 years til 2009 and then left the country. Its locked down now til im 65/67/69, cant even contribute to it anymore.
    Done nothing since, then started a prsa in january.

    I'm 32.


  • #886
    Noworries!
    Registered Users, Registered Users 2 Posts: 229 ✭✭Noworries!


    I've a defence forces one, retire in 4 years, 300 a week for life... I'll be 41...


  • #887
    [Deleted User]
    Posts: 26,219 ✭✭✭✭ [Deleted User]


    My mum started a private pension for me when I was a student, and I took it over when I finished education. The sooner you take one out, the better.

    Now I have a work and private pension, and I'm going to be one of those old ladies who travels the world, and flies Russian MIG fighters to the edge of space to celebrate their 70th birthday.


  • #888
    buried
    Registered Users, Registered Users 2 Posts: 9,980 ✭✭✭buried


    My old man had a pension, paid into it for over 40 years. When it came to pay out time he would have been better off buying a bag of magic beans and climb up a cabbage plant looking for the money. I'm going to do one better and save money for my own f**king self. Private pensions are just another racket for people who don't want or can't do any actual work.

    Bullet The Blue Shirts



  • #889
    boobar
    Closed Accounts Posts: 2,226 ✭✭✭boobar


    Started one many years ago when I was in my 20s...

    I think it was one of the best financial decisions I ever made


  • #890
    byhookorbycrook
    Moderators, Education Moderators, Regional South East Moderators Posts: 12,551 Mod ✭✭✭✭byhookorbycrook


    Have being paying into one since I was 19- no choice .


  • #891
    Autosport
    Registered Users, Registered Users 2 Posts: 22,280 ✭✭✭✭Autosport


    I've been paying into a work private pension since 2003 :)


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  • #892
    Atlantic Dawn
    Registered Users, Registered Users 2 Posts: 86,541 ✭✭✭✭Atlantic Dawn
    GDY151


    From a tax relief point of view it's a great idea, otherwise it's a pyramid scheme.


  • #893
    Letree
    Registered Users, Registered Users 2 Posts: 1,005 ✭✭✭Letree


    I have a public service pension.


  • #894
    YoudoDoyou
    Registered Users, Registered Users 2 Posts: 14 ✭YoudoDoyou


    Stheno wrote: »
    Do you have a pension?

    "A" pension? I have 3!

    Go raibh maith agaibh!

    Enda


  • #895
    LETHAL LADY
    Registered Users, Registered Users 2 Posts: 3,145 ✭✭✭LETHAL LADY


    Haven't tuppence to jingle on a tombstone at the minute, but I do have a pension.


  • #896
    Beasty
    Administrators, Social & Fun Moderators, Sports Moderators, Paid Member Posts: 78,484 Admin ✭✭✭✭✭Beasty


    I've a company pension and a private one in addition to my State pension rights

    I've also invested in a number of assets (property, collectibles and stock investments) that will help fund my retirement


  • #897
    Francie Barrett
    Registered Users, Registered Users 2 Posts: 17,158 ✭✭✭✭Francie Barrett


    Pension? I still don't know what a tracker mortgage is!


  • #898
    andekwarhola
    Registered Users, Registered Users 2 Posts: 4,641 ✭✭✭andekwarhola


    Yes. Plus hopefully we'll still have some rental income coming in.

    That said, my retirement needs would be relatively modest. I'd be one of those people that once the kids are educated and independent, mortgages done and dusted, I'll be more than happy just being able to be stable and not worry about fairly modest expenses like a decent annual holiday, nice car and socialising.

    I've no real desire to have the same household income in retirement as we do at present. I'd rather strike a balance between enjoying my life now and frantically stockpiling for a golden old age I may not even be able to fully enjoy.


  • #899
    Utah
    Closed Accounts Posts: 426 ✭✭Utah


    Yep. A defined benefit beauty + full whack AVCs.
    It's free money!


  • #900
    Phoebas
    Registered Users, Registered Users 2 Posts: 9,371 ✭✭✭Phoebas


    YoudoDoyou wrote: »
    "A" pension? I have 3!

    Go raibh maith agaibh!

    Enda
    Most people - who have one - have more than one.
    I have 5, 6 if you include the state pension.


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  • #901
    kazamo
    Registered Users, Registered Users 2 Posts: 843 ✭✭✭kazamo


    Letree wrote: »
    I have a public service pension.

    You have the promise of a public service pension.


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