Willtell
6:46 Tue Mar 21
Re: Parents Pension Pot
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If you have a £1m+ pot all the talk is great but I suspect in this case it is not anywhere near that. It all depends on what you want. When i retired i wanted to be comfortable and live off it.
My Mother-in-law saved for years sticking money into her pension on a weekly basis when the man form the Pru came around. Her sister was the opposite. Never saved a penny. They both get the same income.
One owns her own house and is self-sufficient. The other gets all sorts of benefits that brings her up to a similar level and lives in a council house...
There's a moral in there for the type of person you want to be and the attitude needed to be adopted to achieve that. Spend or eek it out...?
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