Realisation part 2 - bring back the fun!
Aii.. just when I think things wouldn’t get any worse..
Everyday coming into work only to find more issues or problems having to deal with, no wonder I’m getting more and more grey hair!!
Another thing I need to do being 29 and all, is to review my pension. I’m quite proud with the fact the I have started saving for my retirement since I started working. But as I’m getting older and retirement drawing closer, with just another 36 years worth of saving! I seriously need to look into a better or an alternative pension/saving option.
I have started doing some research but the sheer volume of pension providers and the different types of pension policies available it’s almost impossible to work out which would be the most suitable pension (god, I need some help!)
The government is currently looking at pension reform (once again) and it’s hard to predict what will happen to the state second pension in future. My view its that by the time our generation reaches our retirement the state pension or second state pension will no longer exist, is it still worth paying into the scheme when I have the option to opt out? It seems an obvious choice to contract out and put it into my own pot instead?
I really don’t know, there are so many factors I need to consider, and also need to take into account of the future investment return and interest rate… arrgg!! I hate being a grown-up, it’s all money orientated - mortgage, pension, saving, ISA, money, money money.. bring back the fun!!
