Member-only story
Do you worry about your retirement?
Imagine being 70.
I’m a very much a live for the moment kind of person. I don’t mean this second, I think that would be tiring, but this month or year in life. I don’t tend to dwell on the distant future, but a few comments recently have been made around me which got me thinking a little bit more.
A secure future
As someone who is fairly into investing, you’d think I’d be thinking about that secure future through bonds, stocks or whatnot. Well it didn’t really cross my mind, since most of my investments are shorter term with the idea of paying for experiences or travels within the next five years.
But now I hear certain friends talking about their pension plans. Paying more in here and there. Discussing how the government has screwed them over, repeatedly. An air of insecurity not knowing when or how they are going to retire.
Eight years ago I moved to the place I call home now, which means I am slowly accruing a pension pot. However I never actually imagined I would stop working, merely reduce it and maximise income with those engagements. As things stand, I should get the equivalent of 715EUR a month when I hit 65, would that be enough? Most have to make do.
