[Misc] Retirement

[Flounce]

Will soon be time to start buying

I’d hold fire on that

I am bracing for my pension and investments to take another hit today

The lunatic who has taken over the asylum is running amok

 

[Super Steve Earle]

After Truss, the stock markets took at least six months to recover, which only happened because the Tory Party promptly managed out first Kwarteng and then Truss. I'm thinking that the recovery from this disaster won't happen until we've seen the back of Trump and those he has surrounded himself with, which could easily be four years. I'm rather glad that I still have fixed rate ISAs and savings accounts at 5%+ interest from last time round, as my DC pension pots are taking a hammering

And yet, regardless of attitude to risk, Rachel from accounts thinks we should all, including retirees to keep on topic, be limited to £4k pa in Cash Isas and put money in investment Isas instead (allegedly). Which obviously she can steal for 'investment in the British economy/Labour pet projects'. However much is left over, after whatever punitive tiny cash Isa allowance is utilised, sure won't be going in to investments now.

 

[Blue&WhiteSea]

And yet, regardless of attitude to risk, Rachel from accounts thinks we should all, including retirees to keep on topic, be limited to £4k pa in Cash Isas and put money in investment Isas instead (allegedly). Which obviously she can steal for 'investment in the British economy/Labour pet projects'. However much is left over, after whatever punitive tiny cash Isa allowance is utilised, sure won't be going in to investments now.

You can still get decent returns on cash held in a s&s ISA so it should make no difference

 

[Daddies_Sauce]

And yet, regardless of attitude to risk, Rachel from accounts thinks we should all, including retirees to keep on topic, be limited to £4k pa in Cash Isas and put money in investment Isas instead (allegedly). Which obviously she can steal for 'investment in the British economy/Labour pet projects'. However much is left over, after whatever punitive tiny cash Isa allowance is utilised, sure won't be going in to investments now.

Could I suggest that you review the current cash ISA allowances that other countries have, then realise how generous the current UK £20K limit has been? There are those who are struggling at the moment and would dearly love to be able to stash £1 in a cash ISA let alone £4K.

 

[North of Robertsbridge]

And yet, regardless of attitude to risk, Rachel from accounts thinks we should all, including retirees to keep on topic, be limited to £4k pa in Cash Isas and put money in investment Isas instead (allegedly). Which obviously she can steal for 'investment in the British economy/Labour pet projects'. However much is left over, after whatever punitive tiny cash Isa allowance is utilised, sure won't be going in to investments now.

New one on me. "Rachel from accounts" = the chancellor of the exchequer?

ISAs have been great in building up retirement funds alongside pensions, both S&S and Cash ISAs. On the other hand, they make little sense these days from the country's point of view, like any other form of legal tax avoidance (£40K tax-free pension contributions, people paying themselves through personal service companies and dividends, EV subsidies, business lunches, etc, etc). All those do is move the burden of paying for the country's essential services from those of us who can take advantage onto others who can't.

 

[Weststander]

New one on me. "Rachel from accounts" = the chancellor of the exchequer?

ISAs have been great in building up retirement funds alongside pensions, both S&S and Cash ISAs. On the other hand, they make little sense these days from the country's point of view, like any other form of legal tax avoidance (£40K tax-free pension contributions, people paying themselves through personal service companies and dividends, EV subsidies, business lunches, etc, etc). All those do is move the burden of paying for the country's essential services from those of us who can take advantage onto others who can't.

Pensions £60k. The injustice of it is that higher and additional rate tax payers gain that level of relief on their contributions eg pay in £33k, we top that up with £27k.

 

[LamieRobertson]

New one on me. "Rachel from accounts" = the chancellor of the exchequer?

ISAs have been great in building up retirement funds alongside pensions, both S&S and Cash ISAs. On the other hand, they make little sense these days from the country's point of view, like any other form of legal tax avoidance (£40K tax-free pension contributions, people paying themselves through personal service companies and dividends, EV subsidies, business lunches, etc, etc). All those do is move the burden of paying for the country's essential services from those of us who can take advantage onto others who can't.

i save/invest via an ISA as a legitimate vehicle to put aside for my old age (i‘ve possibly arrived), in the hope that I won’t be a burden on the state in having to claim housing benefit etc etc…something we can ill afford

re Rachel…you been living under a rock lol…..she’s also known as Rachel from complaints which I understand is more accurate

 

[LamieRobertson]

And yet, regardless of attitude to risk, Rachel from accounts thinks we should all, including retirees to keep on topic, be limited to £4k pa in Cash Isas and put money in investment Isas instead (allegedly). Which obviously she can steal for 'investment in the British economy/Labour pet projects'. However much is left over, after whatever punitive tiny cash Isa allowance is utilised, sure won't be going in to investments now.

They need to go for growth and build more theme parks

 

[Super Steve Earle]

They need to go for growth and build more theme parks

Universal appeal

 

[Weststander]

i save/invest via an ISA as a legitimate vehicle to put aside for my old age (i‘ve possibly arrived), in the hope that I won’t be a burden on the state in having to claim housing benefit etc etc…something we can ill afford

For all the talk and sometimes bitterness about ISA millionaires, most ISA investors/savers have chiselled out a small pot to supplement retirement.

 

[dazzer6666]

For all the talk and sometimes bitterness about ISA millionaires, most ISA investors/savers have chiselled out a small pot to supplement retirement.

This. Ours are basically helping bridge the gap until we reach state pension age.

 

[LamieRobertson]

This. Ours are basically helping bridge the gap until we reach state pension age.

Well you’d also be needing it to keep the estate in good order

 

[Eric the meek]

In view of today's announcement on delaying the beautiful tariffs for 90 days, what are all we retirees to do now? Buy, sell or hold?

(The Nasdaq is up 10%+ as I write).

 

[A mex eyecan]

Well you’d also be needing it to keep the estate in good order

nah, he uses it towards the salaries for his butler and groundsman.

 

[dazzer6666]

In view of today's announcement on delaying the beautiful tariffs for 90 days, what are all we retirees to do now? Buy, sell or hold?

(The Nasdaq is up 10%+ as I write).

Anything in equities or near-equities is (or should be) a long-term investment for the majority……

 

[Weststander]

In view of today's announcement on delaying the beautiful tariffs for 90 days, what are all we retirees to do now? Buy, sell or hold?

(The Nasdaq is up 10%+ as I write).

Balance with some gold and short term money market funds. Bonds would normally be mentioned too, but over the last couple of days the sentiment is that Trump’s antics are going to severely dent bond values.

 

[Eric the meek]

Anything in equities or near-equities is (or should be) a long-term investment for the majority……

Which minority were you addressing when you said this on Monday?

Will soon be time to start buying

 

[Weststander]

Which minority were you addressing when you said this on Monday?

Do you think now’s the time to invest or will the damage from Trump and a “60% chance of a recession” mean the falls have a long way to go? The big question.

 

[dazzer6666]

Which minority were you addressing when you said this on Monday?

The sensible one that keeps funds ready for such opportunities ?

 

[LamieRobertson]

Balance with some gold and short term money market funds. Bonds would normally be mentioned too, but over the last couple of days the sentiment is that Trump’s antics are going to severely dent bond values.

Fortunately he can’t touch my premium bonds