housestag

I don't know what all the fuss is about, I am keeping my silver, I bought at £140 per kilo plus vat. Just a speed bump on a long long road ..................to ruin.

I pinch myself looking at my purchases at £140 plus vat per kilo.

I have worked in actuarial and note daily that for most people pensions are not worth it. for most life offices pension are worth promoting.

Agreed, 4 rules too many.

As for any other "depressionary" period I would recommend the following. 1. St Johns Wort. 2. construct some raised beds in your garden and employ permaculture techniques to grow your own. 3. Become vegan, then you won't have to keep a couple of chickens.

I would spend it all .............on finding the answer to why you have to ask other people what to do with your own money.

Pensions are a fine concept poorly executed in a poorly executed money system. You might just get to old age!!! and be capable of holding your bladder. I am looking forward to taking life easy when grey~er and being able to afford a new zimmer frame each year. We obviously need a motive to have a retirement plan. Overhaul the private money system and make it a public money facility. Reintroduce the death penalty for mis-management of the financial system. Introduce random appointment of random individuals as directors of the money system. Appoint the directors for random terms. Use the premium bond machine as the random generator (no fancy IT budget for a new random number generator). Overhaul the education sysytem, becasue its now in our interest to have intelligent citizens who could be future chancellors. Next year... 1. Abolish all current schemes. Establish their value (not entitlement) as cash. 2. Allocate the cash(or asset of representation) to the individuals entitled to it. 3. draw a line under the past arrangements and wind them all up. Throw away the pensions legislation book. then 4. Create one single account for each individual, compulsory and effective from birth. 5. Set compulsory minimum employer/person contributions giving full tax and national insurance relief to contributions. 6. Allow the plan to function free of all taxes during its investment phase. 7. Stipulate a minimum access age (prevent early unlocking). 8. Allow the proceeds of such plans to be 100% tax free and free of any rules governing how it is taken (i.e take it all as tax free cash if you want). 9. Rename the department of Work and Pensions, The department of Work. Pension Rule Book: 1. you must have a pension plan. 2. you must contribute a minimum % of your p60, meagre salary, pittance, ilicit earnings, filthy lucre.. 3. you can't have the money until XX 4. When you reach XX you can have ALL the money . Ah utopia, consigned to the HPC post archive..........

Forgot , age is important rate factor. Pensions : Nothing in, nothing out. (civil servants aside) silk purse etc etc.

5% 6% depends on structure, spouse, inflation proofing, capital protection, guarantee period, mortality drag, bond yields, health of annuitant (prospects of death).

A Retirement? SAVINGS PLAN (Level Contributions) Current Date: 18/03/2010 Retirement Income Goal, in current pounds sterling: 1,000.00 Monthly Adjust Income For: 0% Inflation Collect Income From Age: 65 to 85 Current Age: 30 Current Return on Savings: 5% Post-Retirement Return on Savings: 5% SCHEDULE OF CONTRIBUTIONS £137.98 per month Avg. Monthly Annual Return on Savings Year Age Contribution Contribution Savings Balance ---- --- ------------- ------------- ------------- ------------- Starting Balance: 0.00 Year 2010 Age 30 Contribution 137.98 Annua contribution 1,655.74 Investment return 37.61 Fund Total 1,693.35 2011 31 137.98 1,655.74 122.28 3,471.36 2012 32 137.98 1,655.74 211.18 5,338.27 2013 33 137.98 1,655.74 304.52 7,298.53 2014 34 137.98 1,655.74 402.54 9,356.80 2015 35 137.98 1,655.74 505.45 11,517.99 2016 36 137.98 1,655.74 613.51 13,787.23 2017 37 137.98 1,655.74 726.97 16,169.94 2018 38 137.98 1,655.74 846.11 18,671.78 2019 39 137.98 1,655.74 971.20 21,298.71 2020 40 137.98 1,655.74 1,102.55 24,056.99 2021 41 137.98 1,655.74 1,240.46 26,953.19 2022 42 137.98 1,655.74 1,385.27 29,994.19 2023 43 137.98 1,655.74 1,537.32 33,187.25 2024 44 137.98 1,655.74 1,696.97 36,539.95 2025 45 137.98 1,655.74 1,864.61 40,060.30 2026 46 137.98 1,655.74 2,040.62 43,756.66 2027 47 137.98 1,655.74 2,225.44 47,637.83 2028 48 137.98 1,655.74 2,419.50 51,713.07 2029 49 137.98 1,655.74 2,623.26 55,992.07 2030 50 137.98 1,655.74 2,837.21 60,485.02 2031 51 137.98 1,655.74 3,061.86 65,202.61 2032 52 137.98 1,655.74 3,297.74 70,156.09 2033 53 137.98 1,655.74 3,545.41 75,357.24 2034 54 137.98 1,655.74 3,805.47 80,818.45 2035 55 137.98 1,655.74 4,078.53 86,552.71 2036 56 137.98 1,655.74 4,365.25 92,573.69 2037 57 137.98 1,655.74 4,666.29 98,895.72 2038 58 137.98 1,655.74 4,982.40 105,533.85 2039 59 137.98 1,655.74 5,314.30 112,503.89 2040 60 137.98 1,655.74 5,662.80 119,822.43 2041 61 137.98 1,655.74 6,028.73 127,506.90 2042 62 137.98 1,655.74 6,412.95 135,575.59 2043 63 137.98 1,655.74 6,816.39 144,047.71 2044 64 137.98 1,655.74 7,240.00 152,943.44 SCHEDULE RETIREMENT INCOME Avg. Monthly Annual Return on Savings Year Age Income Income Savings Balance ---- --- ------------- ------------- ------------- ------------- Retirement Savings (Nest Egg): 152,943.44 Year 2045 AGE 65 Withdrawal 1,000.00 Annual withdrawal 12,000.00 investment income 7,374.59 residual fund 148,318.04 2046 66 1,000.00 12,000.00 7,143.32 143,461.36 2047 67 1,000.00 12,000.00 6,900.49 138,361.85 2048 68 1,000.00 12,000.00 6,645.52 133,007.37 2049 69 1,000.00 12,000.00 6,377.79 127,385.16 2050 70 1,000.00 12,000.00 6,096.68 121,481.84 2051 71 1,000.00 12,000.00 5,801.51 115,283.35 2052 72 1,000.00 12,000.00 5,491.59 108,774.94 2053 73 1,000.00 12,000.00 5,166.17 101,941.11 2054 74 1,000.00 12,000.00 4,824.48 94,765.59 2055 75 1,000.00 12,000.00 4,465.70 87,231.29 2056 76 1,000.00 12,000.00 4,088.99 79,320.28 2057 77 1,000.00 12,000.00 3,693.44 71,013.72 2058 78 1,000.00 12,000.00 3,278.11 62,291.82 2059 79 1,000.00 12,000.00 2,842.01 53,133.84 2060 80 1,000.00 12,000.00 2,384.11 43,517.95 2061 81 1,000.00 12,000.00 1,903.32 33,421.27 2062 82 1,000.00 12,000.00 1,398.49 22,819.76 2063 83 1,000.00 12,000.00 868.41 11,688.17 2064 84 1,000.00 12,000.00 311.83 0.00 YOUR RETIREMENT SAVINGS PLAN (Level Contributions) Current Date: 18/03/2010 Retirement Income Goal, in current pounds sterling: 1,000.00 Monthly Adjust Income For: 4% Inflation Collect Income From Age: 65 to 85 Current Age: 30 Current Return on Savings: 5% Post-Retirement Return on Savings: 5% SCHEDULE OF CONTRIBUTIONS £774.76 per month Avg. Monthly Annual Return on Savings Year Age Contribution Contribution Savings Balance ---- --- ------------- ------------- ------------- ------------- Starting Balance: 0.00 2010 30 774.76 9,297.12 211.18 9,508.31 2011 31 774.76 9,297.12 686.60 19,492.03 2012 32 774.76 9,297.12 1,185.78 29,974.93 2013 33 774.76 9,297.12 1,709.93 40,981.99 2014 34 774.76 9,297.12 2,260.28 52,539.39 2015 35 774.76 9,297.12 2,838.15 64,674.66 2016 36 774.76 9,297.12 3,444.92 77,416.70 2017 37 774.76 9,297.12 4,082.02 90,795.84 2018 38 774.76 9,297.12 4,750.97 104,843.94 2019 39 774.76 9,297.12 5,453.38 119,594.44 2020 40 774.76 9,297.12 6,190.90 135,082.47 2021 41 774.76 9,297.12 6,965.31 151,344.90 2022 42 774.76 9,297.12 7,778.43 168,420.45 2023 43 774.76 9,297.12 8,632.20 186,349.78 2024 44 774.76 9,297.12 9,528.67 205,175.57 2025 45 774.76 9,297.12 10,469.96 224,942.66 2026 46 774.76 9,297.12 11,458.32 245,698.10 2027 47 774.76 9,297.12 12,496.09 267,491.31 2028 48 774.76 9,297.12 13,585.75 290,374.18 2029 49 774.76 9,297.12 14,729.89 314,401.19 2030 50 774.76 9,297.12 15,931.24 339,629.56 2031 51 774.76 9,297.12 17,192.66 366,119.34 2032 52 774.76 9,297.12 18,517.15 393,933.61 2033 53 774.76 9,297.12 19,907.86 423,138.60 2034 54 774.76 9,297.12 21,368.11 453,803.84 2035 55 774.76 9,297.12 22,901.37 486,002.33 2036 56 774.76 9,297.12 24,511.30 519,810.76 2037 57 774.76 9,297.12 26,201.72 555,309.60 2038 58 774.76 9,297.12 27,976.66 592,583.38 2039 59 774.76 9,297.12 29,840.35 631,720.86 2040 60 774.76 9,297.12 31,797.23 672,815.21 2041 61 774.76 9,297.12 33,851.94 715,964.27 2042 62 774.76 9,297.12 36,009.40 761,270.79 2043 63 774.76 9,297.12 38,274.72 808,842.64 2044 64 774.76 9,297.12 40,653.31 858,793.07 SCHEDULE RETIREMENT INCOME Avg. Monthly Annual Return on Savings Year Age Income Income Savings Balance ---- --- ------------- ------------- ------------- ------------- Retirement Savings (Nest Egg): 858,793.07 2045 65 4,017.92 48,215.06 41,852.27 852,430.28 2046 66 4,178.64 50,143.66 41,490.63 843,777.25 2047 67 4,345.78 52,149.41 41,012.74 832,640.59 2048 68 4,519.62 54,235.39 40,408.87 818,814.07 2049 69 4,700.40 56,404.80 39,668.61 802,077.88 2050 70 4,888.42 58,660.99 38,780.92 782,197.81 2051 71 5,083.95 61,007.43 37,734.00 758,924.38 2052 72 5,287.31 63,447.73 36,515.29 731,991.94 2053 73 5,498.80 65,985.64 35,111.43 701,117.73 2054 74 5,718.76 68,625.06 33,508.20 666,000.86 2055 75 5,947.51 71,370.07 31,690.44 626,321.24 2056 76 6,185.41 74,224.87 29,642.08 581,738.45 2057 77 6,432.82 77,193.86 27,345.98 531,890.56 2058 78 6,690.13 80,281.62 24,783.95 476,392.89 2059 79 6,957.74 83,492.88 21,936.64 414,836.65 2060 80 7,236.05 86,832.60 18,783.51 346,787.56 2061 81 7,525.49 90,305.90 15,302.72 271,784.38 2062 82 7,826.51 93,918.14 11,471.10 189,337.34 2063 83 8,139.57 97,674.86 7,264.02 98,926.50 2064 84 8,465.15 101,581.86 2,655.36 0.00 This would be outside of a pension arrangement and takes no account of investment return taxation/cgt.

Come election I will ignite a large Romeo Y Julieta 'Churchill' in the comfort of my potting shed, using the polling card as the ignition source. I will cast my vote into fire.

What is the probability of making a consistent 5% return on a pound for 310 years? No taxes, totally gross roll up (net of unicorn horns).

Cue panic phase in the Trundling Peso.

Eventually the "developing" countries will reach the stage of being fully "developed". We and others are fully "developed" countries and we are also doomed. Chindia are no threat, because once they are fully developed they will be as screwed as we are. .............by that time we may of got out of the mess were in and can profit by selling them the way out of the mess. It was only the other day I thought to myself , sitting on my Indian made sofa, watching my indian made tv, eating carrots grown in china "This feels six times more severe than the global average"

A good southerly aspect and good thermal mass. A conservatory/sunroom? Employ solar collectors for hot water. Buy a log burner and a small piece of land with which to grow wood. Sell the excess wood. (Requires a future). Personally a good pair of slippers and warm clothing in addition are all that is needed in a thermally efficient house along with sufficient conditioning to temperatures that won’t kill. Insulation certainly has reduced my reliance upon fuel. Perhaps you could get your house to snuggle up against a warm neighbor (terracing). I have difficulty with the concept of heating the home (although I surrender to the concept occasionally). When we venture outside, no-one attempts to heat the streets, so slippers and long johns are go.

http://www.publications.parliament.uk/pa/l...#09031365000492

" the mass of mankind has not been born with saddles on their backs nor a favored few booted and spurred, ready to ride them ..." ~ Thomas Jefferson

http://www.nypost.com/seven/12082008/news/...mbai_143196.htm The NYPD wants all 1,000 Police Academy recruits trained to use M4 automatic machine guns - which are now carried only by the 400 cops in its elite Emergency Service Unit - in time for the holiday celebration in Times Square.

http://www.haver.com/COMMENT/081223f.htm

At last we know who are the Creatures from Jekyll Island !

The only benefit of a saving account seems to be 1.75% and £50,000 in security. Apart from mortgage repayment I'm seriously considering more significant withdrawal in cash to deny a corrupt banking system the ability to use my money as a source of loanable funds. Although considering the mess were in 1.75% seems quite good.

Those are ex federal reserve employees..

Now using Isa fund to overpay mortgage, since on a fix rate mortgage ~ equivalent 6%+ return, overpayments count as future payment holiday entitlements {70 months now} ~ better safe than poor.

I await with lively anticipation the outcome for some sipp holders, fortunate enough to have been advised to put large proportions of thier sipp money into off plan foreign property right to buy contracts, advised by their friendly ifa, who took a 10% introduction fee from the fund promoter.... sophisticated fools......