Search results

  1. K

    I don’t trust the state pension to exist when I’m 67 (or early 70’s). I’m currently 29. Should I set up a SIPP?

    @rasico2012 Increases to retirement age don't impact people in their 60s. It impacts younger people, and they have decades to get used to the fact they won't retire until X date.
  2. K

    I don’t trust the state pension to exist when I’m 67 (or early 70’s). I’m currently 29. Should I set up a SIPP?

    @rasico2012 They won't remove it, they will increase the retirement age, as they already are, such that you won't get that much. This can be done without pissing off older voters, as they are already receiving their pension. It's not especially unlikely that by the time most young people...
  3. K

    I don’t trust the state pension to exist when I’m 67 (or early 70’s). I’m currently 29. Should I set up a SIPP?

    @rasico2012 UC is a lot less than pensions, they would save a huge amount by scrapping it. A lot of people wouldn't be able to claim UC either due to their capital and private pensions.
  4. K

    How good is /r/ukpersonalfinance at predicting interest rates: a retrospective

    @ws82 And why are you fixing it for a period? Because you think the fix will be less than the variable rate in the future. Hence my comment, people think they are some genius and beat the market, no you were just lucky. You gambled and you won. Not always the primary reason to fix of course...
  5. K

    How good is /r/ukpersonalfinance at predicting interest rates: a retrospective

    @ws82 The thing is that is what you are doing by fixing. You think you know more than the market. The strategy that isn't looking to 'beat the market' is sitting in on a variable rate mortgage.
  6. K

    How good is /r/ukpersonalfinance at predicting interest rates: a retrospective

    @gdoll18 The interest rate changes have really made a lot of people think they're geniuses for fixing, when in reality they're just lucky.
Back
Top