I am thinking of getting a pension. At 32 I think I am too young to get one.?
397967
as much as you can! you should get a pension asap, compamny schemes are good as the company puts in aswell. see your financial advisor asap
500927
I used to think that people over 30 were "Old" and that I wanted to die before I reached the age of 50.. But as I am now 27, I know 30 is NOT old, and 50 isn't going to be so bad! It's all in the eye of the beholder.. lol, I still tend to say "He's 33, that's too old for me!" then I realize he's not ha ha!\n\nAnd the only difference between me then and me NOW, is that I can now pay my bills in a timely manner lol! I still skate daily and hang out with pals, Dip my fingers into the icing, and play hookie & take random road trips b/c I feel like it..
458216
It's your life, and what you do is essentially between you and God, and, if you're married, you and your spouse.\n\nI take it you don't enjoy your job.  If you have enough in the bank to take care of yourself, then yes, retire.  You can take the time to go to school, pursue a hobby, or follow a second career doing what you love.  You could also travel or volunteer for a cause you care about.\n\nMy brother retired at age 55.  He's managed his money quite well.  He now plays in a rock-and-roll band that plays 1960s music.\n\nOne caveat: if you're essential to your current job, make sure you train your replacement well!
992849
Why do you only want up to 32? I am 33, is that too old?
789461
wait...whats the rush? I'm 30 and i wish i was still one
120424
Try the following: 1)Get the actual amounts you are eligible for at ages 62, 65 and 70 from the SSA.  2) Assume your remaining life span. Since you do not appear to need the money to live, base your decision on the maximum SS $ you will receive based on your assumed age at death.  For example if you are entitled to $1,000/month at age 62, or $1,200 at age 65 or $1,700 at age 70 and you assume you will live until 85 then the math would suggest if you began to draw at 62 and lived until 85 you would draw a total of $276,000; $288,000 if beginning at age 65 and $306,000 if you waited until you were 70. Ofcourse these calculations do not include the added cash you would accrue if part or all of the money were invested as you aged.  Remember the RULE OF 72. What percent do I need to double my money???  Divide 72 by the number of years and the answer is the percent needed.  For example to double your money in 12 years you would need 6% compounded.  (12 times 6 = 72).  It also works in reverse - if I can invest at 9% APR and compound the interest it would take 8 years to double my money. (9 times 8 = 72).  Teach this rule to your children and grandchildren and they will easily see the value in saving....and they have the best advantage of all.....TIME
461308
Zero - its a complete con. If you are under 45, it is extremely unlikely that the state pension will be worth anything when you retire. If you can't afford to make a decent pension provision then don't bother and rely on state benefits instead.
1118084
I think much after 45 is waiting too long. But it depends on your training before hand. If you don't have any training at all, and are out of shape, the age is obviously going to be lower, but if you are well trained, then you could try to be professional later on.
116074
Whenever you are financially ready... thats the correct answer, i know i want to be young so my kid will have a lot of family still around while growing up... Im 23 now I'm hoping within the next year or 2 to have one
79238
If I were you, I'd not take a whole lot of stock in a pension.  Remember, IBM just froze theirs and they are a financially sound company.  If I were you, I'd make sure I had enough money invested to make sure I could retire well - Don't believe it.
704915
if the money is right you should go for it. Since they want you so bad ask for more money, COLA(Cost of living allowance), and retirement benefits.
22043
I don't know the details because you didn't supply them ... but here's an answer:  Suppose you are on your death bed (and I wish you that it happens a long long time from now) ... what would make you unhappy with your decision?  What will make you content?  What would you have liked to do differently?  I know it seems cliched -- but seriously, try to imagine looking back in retrospect -- it really helps clarify things.  The view you will have on your deathbed will take your entire life into consideration -- and that's how it would be best to base your decisions.  On your deathbed, if staying the extra year earns you a higher pension, you may think that overall it was worth it.  But if there was no pension at stake, and you missed out on love, life, or adventure -- well then, you may regret that you spent the year at work rather than living the best of the one life you have to live.  Good luck!
1178867
I'm 34 years old.  Don't be in such a rush to grow up.  Its more fun to be a kid.
856689
you owe them nothing.  It's an OPTION for you to pay.\n\nIf you don't pay, your state pension when you retire will be X.   If you do pay, it will be X plus a little bit.   They send you the letter and you decide if you think that's a good investment or not.\n\nWork related pensions, and even most private sector pensions, are a better bet than the state one, so if you have £293 to put into a pension, put it into your works or private pension.\n\nPS I had a stack of these over the seven years that I was a student.  I never paid one of them.
1014481
You may be mature, but you are still at an age where you could get babysat yourself. Wait a few years, like 2, just so you can be more responsible with little kids.
39730
Yes it is in deep trouble. They should allow younger workes to keep the money and put it in their own savings account with the stipulation it can not be touched until they are 65. This is a simple proposal and I do not see why anyone argues with it.
1026669
Did you know you have to work at the same job for at least 20 years to collect a pension, 30 years to collect a full pension and can't collect till you are 62...year after year the government takes your money and again you have to wait till you are in your 60's to get a small portion back from social security...hats off to people who worked hard all their lives and still have good health and able to work in their 60's & 70's!\nGreedy????