Retirement money

[evertoniandy]

The glory days of contracting have passed - maybe for just the time being. A lot of the major banks have reduced the contractors on their books, largely as there is a huge pool of lazy tosh out there.

Like everything really, it's best to try and be a subject matter expert, particularly in compliance or regulation at the moment.

Aye, I know the good days are gone which is why I'm gonna try and get into Business School in the next few years and hopefully get into Consulting. You're right about the lazy tosh though, couldn't be more right. The new ones to the industry think it's a way to do bugger all and get paid big bucks for it. They've no knowledge of the industry and no attention to detail in their work. Gets on my nerves but keeps me in a job. Every cloud.

I'm currently in Quality but intend to try for a development role in Change or Business Analysis as soon as I'm back to the office I'm contracted to. Wouldn't mind a pop at management either.

 

[LouReedwalkonthewildside]

 

[Eggs]

Aye, I know the good days are gone which is why I'm gonna try and get into Business School in the next few years and hopefully get into Consulting. You're right about the lazy tosh though, couldn't be more right. The new ones to the industry think it's a way to do bugger all and get paid big bucks for it. They've no knowledge of the industry and no attention to detail in their work. Gets on my nerves but keeps me in a job. Every cloud.

I'm currently in Quality but intend to try for a development role in Change or Business Analysis as soon as I'm back to the office I'm contracted to. Wouldn't mind a pop at management either.

......for the last 3 years I've project managed the deployment of a major new IT system into a government department but essentially it is change/business analysis (delivering business requirements). I know there is a lot of demand for IT and project management personnel as change is an interative process. My son has left teaching and is now working as a business analyst.

Good luck to you.

 

[Tubey]

My plan is to commit a massive crime at retirement age, and have the government house me for free in prison/enforced holiday home.

 

[wm02]

We should set up a GOT tontine. Smokers and fatties are most welcome

 

[Darrenc34]

I agree with tubey prison sounds good

 

[PhilM]

Luckily my pension (at the moment) is set to good, although I have 11% of my yearly salary into it over the years. Nice annuity and lump sum.

The missus has a decent pension too, so if we continue with our plan to pay the mortgage off early then we'll have a good time to save some extra.

We save a fair few quid each month as it is, but if we get a decade or so to put that away per month then should have a fair amount at our disposal.

Have another house as well, which we currently rent out, so if needs be that'll either be an extra monthly income or an asset we can sell.

 

[Zatara]

Seems like you could just use a low cost index fund like those Vanguard sell. $VFINX

ETFs

 

[SerenityNigh]

ETFs

That's a worse shout than Bitcoin, are you getting retirement advice from @Bungle?

 

[strummer]

I was sorting out some pension stuff for someone this morning and seeing how much a £165k pension pot gets you as an annual income was depressing.

This is true but I can't believe people are still considering having an annuity after the law changed last year. Grab the money while your young enough to enjoy it and don't worry about having a poxy couple of hundred quid a week when your old and senile

 

[Zatara]

That's a worse shout than Bitcoin, are you getting retirement advice from @Bungle?

Lost me here, how does that align with vanguard?

Generally 70-80% into passive investments and 20-30% into alternatives is my thinking.

ETFs are low on comms and youre not paying silly fees by using a third party fund/manager for what is basically the same product.

Im more keen on the alternatives myself, private equity etc + came across something in malaysia which is government backed and guarantees 25% annual returns . See heaps of different opportunities but so many are shady.

 

[The Esk]

Lost me here, how does that align with vanguard?

Generally 70-80% into passive investments and 20-30% into alternatives is my thinking.

ETFs are low on comms and youre not paying silly fees by using a third party fund/manager for what is basically the same product.

Im more keen on the alternatives myself, private equity etc + came across something in malaysia which is government backed and guarantees 25% annual returns . See heaps of different opportunities but so many are shady.

Malaysian Government, are you sure?

1MDB mean anything to you?

 

[SerenityNigh]

Lost me here, how does that align with vanguard?

Generally 70-80% into passive investments and 20-30% into alternatives is my thinking.

ETFs are low on comms and youre not paying silly fees by using a third party fund/manager for what is basically the same product.

Im more keen on the alternatives myself, private equity etc + came across something in malaysia which is government backed and guarantees 25% annual returns . See heaps of different opportunities but so many are shady.

$VFINX is an index, which purchases actual assets. While ETFs are based on actual securities, they are really more like options than an index and are subject to volatility. Traders may love ETFs, but they're a terrible retirement option.

 

[SerenityNigh]

This is true but I can't believe people are still considering having an annuity after the law changed last year. Grab the money while your young enough to enjoy it and don't worry about having a poxy couple of hundred quid a week when your old and senile

Have lots of kids and make sure the ones that become rich feel obliged to take care of you in your old age

 

[SerenityNigh]

Im more keen on the alternatives myself, private equity etc + came across something in malaysia which is government backed and guarantees 25% annual returns . See heaps of different opportunities but so many are shady.

Whoah, just seen this.