Join for free
Page 4 of 5 « First < 2 3 4 5 >
Longdogs's Avatar
Longdogs
Chatterbox
Longdogs is offline
SW England
Joined: Mar 2016
Posts: 43,957
Longdogs is male  Longdogs has posted at least 25 times and has been a member for 3 months or more 
 
17-08-2019, 08:44 PM
31

Re: What is a decent amount of income

Originally Posted by Muddy ->
At the moment that is a good income .
Certainly worth boasting about that's for sure.
Zuleika's Avatar
Zuleika
Senior Member
Zuleika is offline
North West UK
Joined: Jan 2018
Posts: 2,311
Zuleika is female  Zuleika has posted at least 25 times and has been a member for 3 months or more 
 
17-08-2019, 09:49 PM
32

Re: What is a decent amount of income

Originally Posted by Mups ->
Sorry Aytee, but I think this is most odd.

I know I wouldn't go on a forum and tell strangers how much I am earning, what I have in savings, and what my house is worth! For an ex-police force I am especially shocked.

I hope you find a satisfactory answer, though seeing as no one knows what lifestyle you expect , let alone what your life span will be, I don't see how you can get an accurate answer?
Had the same thoughts as yours myself Mups .
Floydy
Chatterbox
Floydy is offline
Nowhere
Joined: Oct 2015
Posts: 14,167
Floydy is male  Floydy has posted at least 25 times and has been a member for 3 months or more 
 
18-08-2019, 12:25 AM
33

Re: What is a decent amount of income

I'm in a similar situation as I've said before, but no, I wouldn't tell anybody apart from my wife exactly what I'm earning/taking from my pension/leaving in there. You don't submit your personal income and other similar details to the world. That's just stupid and naive.
And a police officer should definitely know better!
keezoy
Senior Member
keezoy is offline
Australia
Joined: Apr 2019
Posts: 3,579
keezoy is male  keezoy has posted at least 25 times and has been a member for 3 months or more 
 
18-08-2019, 12:49 AM
34

Re: What is a decent amount of income

I understand how some people keep their income private. THat's their business. But I don't care myself. When my wife and I were both working full time, I had two jobs (One for various organisations and the other my private practice) and she had one. We were earning nearly $300k a year between us. To some on a basic wage with no skills margins that may seem like a lot. To others it is chickenfeed. It's all relative. But in both our opinions, even with a child to support, That was certainly enough for us. Now my wife still works FT but we live on less than half of that with the last of a mortgage still to pay. Our son does work part time and contributes. Our house needs work and the car needs updating. It will happen in time. Some of our friends are wealthier and get to go on overseas holidays more often. Big deal. Other friends have trouble making ends meet and are struggling.We still feel far from poor. No complaints at all.
Omah's Avatar
Omah
Chatterbox
Omah is offline
Ludlow
Joined: Feb 2014
Posts: 10,147
Omah is male  Omah has posted at least 25 times and has been a member for 3 months or more 
 
18-08-2019, 12:55 AM
35

Re: What is a decent amount of income

Originally Posted by Floydy ->
I'm in a similar situation as I've said before, but no, I wouldn't tell anybody apart from my wife exactly what I'm earning/taking from my pension/leaving in there. You don't submit your personal income and other similar details to the world. That's just stupid and naive.
Of course it is .....
keezoy
Senior Member
keezoy is offline
Australia
Joined: Apr 2019
Posts: 3,579
keezoy is male  keezoy has posted at least 25 times and has been a member for 3 months or more 
 
18-08-2019, 01:00 AM
36

Re: What is a decent amount of income

Originally Posted by Omah ->
Of course it is .....
I agree. I just said what I earned (Then and now) but what I haven't disclosed is my full name, address and bank account numbers and anything else that could reveal me to a potential cyber crook. So I am a "hypothetical"..Is that still stupid? If it is well what can I say?..silly me.
Primus1's Avatar
Primus1
Senior Member
Primus1 is offline
York
Joined: Jul 2015
Posts: 4,648
Primus1 is male  Primus1 has posted at least 25 times and has been a member for 3 months or more 
 
18-08-2019, 08:31 AM
37

Re: What is a decent amount of income

Pension wise offer good advice, but you need an independent pension advisor to advise you in what is best for you, I was going to see one in June but couldn’t make it, I will go in October, I’m hoping to semi retire next year, find a job doing something for a few hours a week, or even full time, just to avoid weekends and get out of the company I work for, I don’t have anything worked out financially, but I’m not too worried, something always turns up,we both have to wait until we’re 67, until we get the state pension, but I’m hoping to draw on my workplace pension and a private pension, the lady from pension wise said they are both good pensions..
Realist
Chatterbox
Realist is offline
UK
Joined: Mar 2015
Posts: 9,184
Realist is male  Realist has posted at least 25 times and has been a member for 3 months or more 
 
21-08-2019, 09:06 PM
38

Re: What is a decent amount of income

Originally Posted by Aytee ->
I am 54 and worried that it may not be enough in the future. What does anyone else think? I have £150000 in savings and my house is worth 470000.
Can we assume your house is paid off ? No mortgage?

And what have you done with your savings? Are they just sat in a crappy bank account earning laughable interest ?

If you invest wisely you should be ok imho but there's the rub. Investing wisely is a skill ad comes with risk.

You should get advice about what to do with the savings imho and make sure it is working for you earning good interest. Diversify so all the eggs are not in one basket.
An IFA should be able to suggest options.

Going forward your house will provide equity. You could release equity later on or sell and downsize to liquidate its value.
marciniak
Senior Member
marciniak is offline
wales uk
Joined: Feb 2020
Posts: 413
marciniak is male  marciniak has posted at least 25 times and has been a member for 3 months or more 
 
01-03-2020, 07:54 PM
39

Re: What is a decent amount of income

Wow.......to me, thats a fortune Aytee.

I now think I should have been a policeman.... thinking about it, in my youth I was always helping them with their enquires
Longdogs's Avatar
Longdogs
Chatterbox
Longdogs is offline
SW England
Joined: Mar 2016
Posts: 43,957
Longdogs is male  Longdogs has posted at least 25 times and has been a member for 3 months or more 
 
01-03-2020, 09:00 PM
40

Re: What is a decent amount of income

Originally Posted by marciniak ->
Wow.......to me, thats a fortune Aytee.

I now think I should have been a policeman.... thinking about it, in my youth I was always helping them with their enquires
 
Page 4 of 5 « First < 2 3 4 5 >

Thread Tools


© Copyright 2009, Over50sForum   Contact Us | Over 50s Forum! | Archive | Privacy Statement | Terms of Use | Top

Powered by vBulletin Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.