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Bbc Points West - Over 50 And Worried About Pension?

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I caught the advert for this last night and just watched it on iPlayer. Forward to 6:40 for it.

So it's out there, seemingly touted as one of the available options in retirement planning. George must be so pleased, not least as all the people he's about to ****** are going to be dead soon. Result.

I'll be 50 later this year and have the proverbial 26k pot that wouldn't stretch to a BTL in any case. I'd rather have unfettered access to the small pot in five years time rather than be screwed over by an insurance company giving me a level annuity where I might have to live to ninety just to get my money back.

As it is the personal pension was an old mistake, and like most boomers was never part of my retirement planning or a significant part of it, neither is the house I live in.

To add more money pit liabilities (via BTL) would be my worst nightmare. I leave that to socialists like Meacher and Blair.

Edited by crashmonitor

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To add more money pit liabilities (via BTL) would be my worst nightmare. I leave that to socialists like Meacher and Blair.

Don't you means lords or capitalism like the Wilsons?

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I'll be 50 later this year and have the proverbial 26k pot that wouldn't stretch to a BTL in any case.

You obviously didn't listen to the expert from Midas Properties. He says that even if you don't have a lot, you should consider sticking ANY cash you do have into BTL. You could get together with a bunch of other people and buy one between you. Or buy some bricks or roof tiles or something. Or maybe look further afield for somewhere that is cheap now, but bound to be an up and coming destination in the near future.

Ukraine might be a good bet?

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Don't you means lords or capitalism like the Wilsons?

That isn't capitalism but rentierism or feudalism. Some of the right wing posters get confused and think they are defending capitalism but are not.

Land is somewhat unique, and you can never have an entirely free market in it.

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That isn't capitalism but rentierism or feudalism. Some of the right wing posters get confused and think they are defending capitalism but are not.

Land is somewhat unique, and you can never have an entirely free market in it.

I know. I should have put a winking smiley on there. ;)

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It's OK. Osborne said this morning that Chote's been modelling the impact of the pension changes on BTL uptake rather than the Treasury. When's he ever got a forecast wrong?

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