FreeSpirit1 · 51-55, F
poshnaturist · 51-55, M
Absolutely. If your in the UK, your contributions into a company scheme are non-taxable so £100 a month into the pension would only cost you £80 (assuming basic rate tax). Plus, the company will be contributing too so that's additional money in your pension pot that doesn't cost you anything.
FreddieUK · 70-79, M
Absolutely, yes. The alternative is to become a very poor pariah on other people when you have no income.
MrGomco · 36-40, M
Yes, that's a good idea.
DunningKruger · 61-69, M
JimboSaturn · 56-60, M
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BrandNewMan · M
Yes .. especially if a company match is involved
whowasthatmaskedman · 70-79, M
bijouxbroussard · F
samueltyler2 · 80-89, M
@bijouxbroussard you should consider as your baseline retirement. It was really never intended to be your only retirement income. Look at what your annual all expenses were and compare that to what SS would give you. The difference is what you need to have now in your nest why. Then correct for whatever years you have left to work and save before retiring.
bijouxbroussard · F
@samueltyler2 I know this. But that wasn’t the person’s question. The short answer is "yes". And social security will be taken out regardless, so in a way the country has decided it for us.
samueltyler2 · 80-89, M
@bijouxbroussard I know, i was actually responding to your answer trying to point out that one should not depend solely on SS, and, yes, the answer is yes, start saving as fast as you can.
1490wayb · 56-60, M
if you can transfer it when you move on to next job
samueltyler2 · 80-89, M
Unless your company provides a defined benefit pension.
