tag:blogger.com,1999:blog-2875915890415125655.post3387910553519791284..comments2023-05-18T10:37:34.608+01:00Comments on <a href="http://www.retirementinvestingtoday.com">Retirement Investing Today</a>: Naive, a victim or just plain irresponsibleRetirementInvestingTodayhttp://www.blogger.com/profile/03088383743670046657noreply@blogger.comBlogger27125tag:blogger.com,1999:blog-2875915890415125655.post-25815469985975450502016-08-24T07:36:33.313+01:002016-08-24T07:36:33.313+01:00We have lived as a one income household all our li...We have lived as a one income household all our lives because my good lady was unable to work for health reasons. We were very young parents. <br />I do okay now....but it was tough in our 20's and 30's as we brought the children up. But we were lucky with our parents and in laws were always there to help in those special things we could not afford eg round to mum's for big Christmas Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-64255497150596606882016-08-23T22:50:23.120+01:002016-08-23T22:50:23.120+01:00There is a fear factor to take into consideration ...There is a fear factor to take into consideration that causes others to be irrational. I read somewhere that money is a bigger taboo topic with men than testicular cancer. We need to find ways of braking the money taboo.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-2387756281777573772016-08-21T15:20:18.630+01:002016-08-21T15:20:18.630+01:00My original inclination was for drip feed but your...My original inclination was for drip feed but your suggested study indeed has made me think again - thank you very much. I have been doing a bit more research since my original post so it looks like I do have some thoughts on how I want to proceed. Thanks once again. AsinghAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-4816240819901201012016-08-20T21:09:58.443+01:002016-08-20T21:09:58.443+01:00@ASingh
Assuming you are in the UK...
Does the com...@ASingh<br />Assuming you are in the UK...<br />Does the company scheme match your contributions up to a certain level? If so this is valuable so think hard before moving away from such a generous offer, even for 0.20% less in fees.<br />You can still use a SIPP to top-up above the level of company matching contributions & upto the tax limits (for tax limits see https://www.gov.uk/Richttp://rsake.comnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-61778681256642357672016-08-20T12:47:07.715+01:002016-08-20T12:47:07.715+01:00I've been in this scenario many times. I think...I've been in this scenario many times. I think the reasons are many: inertia, fear of the future or looking like a fool, embarrassment over discussing financials with a peer, disbelief that you are qualified. It's easy to be an ostrich over money and takes someone really courageous and committed to accept the offer of help. Very few do. The Accumulatornoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-76085354177185291202016-08-20T11:08:27.233+01:002016-08-20T11:08:27.233+01:00Vanguard has an interesting study comparing invest...Vanguard has an interesting study comparing investing a large sum all at once or spreading over a certain period. First hit when you Google for 'vanguard lump sum investing'; it is a PDF.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-42782686317715026942016-08-17T10:40:39.125+01:002016-08-17T10:40:39.125+01:00Be careful with advice.
I am 85% FI and recently ...Be careful with advice.<br /><br />I am 85% FI and recently disclosed this to my friends. Most people were pretty shocked that I planned to retire in 2 years at 42 and just said "oh, but I could never do that" even though they were in a better situation than myself. One person who was interested asked me how he could do the same. I told him save at least half your income and invest Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-73627946248813259292016-08-15T15:37:24.347+01:002016-08-15T15:37:24.347+01:00I've always been good with money and have been...I've always been good with money and have been FI for the majority of my adult life, although with few outward signs of obvious wealth.<br /><br />In that time I've given a few pointers to close friends and family that could help markedly improve their long term finances and help achieve, if not FI, then at least much more robust personal finances. Few have ever listened much, if at all.<Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-20030192615897409902016-08-15T08:37:11.665+01:002016-08-15T08:37:11.665+01:00He'd only blame you when the market went down,...He'd only blame you when the market went down, some people are really quite happy to be victims in this world.Wellardhttps://www.blogger.com/profile/07278629331096191899noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-5737357869196110202016-08-15T07:36:15.493+01:002016-08-15T07:36:15.493+01:00I've decided to be more open with friends, and...I've decided to be more open with friends, and discuss FIRE (too) frequently. I suspect many think I have a silver spoon, with my public school education and all, not really understanding the tradition of frugality in my family. I think I've earned less than most of them (apart from 2 glorious years contracting), but just haven't spent it.<br /><br />I don't think they think any vicaragehttps://www.blogger.com/profile/13615013686081830604noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-30771467317165319972016-08-14T22:08:03.811+01:002016-08-14T22:08:03.811+01:00keep being the grey man. only one or two of my clo...keep being the grey man. only one or two of my close friends know that i'm not struggling financially because i drive and old car have threadbare carpets and give the general outward appearance of being short of money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-4477292911026614082016-08-14T17:15:51.236+01:002016-08-14T17:15:51.236+01:00"have been wondering if I should do something..."have been wondering if I should do something about it." <br />No, you shouldn't. <br />I made that mistake once by being too keen to help a financially illiterate coworker. It's useless. They will not learn anything from it, and the best you can hope for is some mildly condescending ribbing on being a "financial genius". They will also want to know if you've lost HShttps://3652daysblog.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-79342347751606886662016-08-14T16:47:54.271+01:002016-08-14T16:47:54.271+01:00Let him come back to you. In my experience, the fe...Let him come back to you. In my experience, the few people have come back to get more info but they were the 'first job/first pension' category.<br />This proves that education is missing - whether at school, university, work - something needs to be done to enable them to do the most with their money/contributions.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-11283704089940414232016-08-14T15:50:14.362+01:002016-08-14T15:50:14.362+01:00Hi RIT,
AS with the others above - you have droppe...Hi RIT,<br />AS with the others above - you have dropped the hint and he hasnt taken it - walk away. They need to take the responsibility for it. I've had a number of open discussions with people - not anything serious initially, but about retirement and planning etc - only one person has ever talked further - and to his credit he has done something about it and is thankful for the support Anonymoushttps://www.blogger.com/profile/14850307464658730152noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-238208817880403042016-08-13T23:12:07.114+01:002016-08-13T23:12:07.114+01:00Hi RIT
I agree with the others who are of the view...Hi RIT<br />I agree with the others who are of the view that you do not say anything - if he wants help, he knows where to go.<br /><br />I have dropped numerous hints to friends and colleagues about saving/investing but they still don't think about it seriously enough to ask me in detail what I'm doing.<br /><br />When they do, I will tell them what I'm doing but until then, all I weeniehttps://www.blogger.com/profile/01602950445306813601noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-45869226814662008162016-08-13T22:00:45.790+01:002016-08-13T22:00:45.790+01:00I am 80 years old and took retirement after 35 yea...I am 80 years old and took retirement after 35 years of corporate, academic and military experience. I can assure you that your experience with the novice associate is typical. Do not fret and do not bring up the subject again. If he wants help he will ask. <br />RussellRussellhttps://www.blogger.com/profile/08921837524660614171noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-58219475666341072482016-08-13T20:57:48.920+01:002016-08-13T20:57:48.920+01:00The story sounds like you provided unsought advice...The story sounds like you provided unsought advice... no surprise he has not approached you...<br />you dont know all circumstances of this person life... maybe he is rich or expecting inheritance...K.noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-49654724092190880672016-08-13T14:51:41.036+01:002016-08-13T14:51:41.036+01:00> My work day generally does not afford me a l...> My work day generally does not afford me a lunch break. <br /><br />Where an adult worker’s daily working time is more than six hours, he is entitled to a rest break. ... uninterrupted period of not less than 20 minutes ... <br /><br />http://www.legislation.gov.uk/uksi/1998/1833/regulation/12/madeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-83910406966452469762016-08-13T14:46:15.935+01:002016-08-13T14:46:15.935+01:00"It takes two views to make a market after al..."It takes two views to make a market after all,"<br /><br />Such a great phrase, thanks for sharing!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-82071060528444309062016-08-13T13:19:21.641+01:002016-08-13T13:19:21.641+01:00You just have to accept that other people have rad...You just have to accept that other people have radically different world views from you and some of them are just plain misoncieved<br /><br />It takes two views to make a market after all<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-91793557825041854672016-08-13T12:31:19.594+01:002016-08-13T12:31:19.594+01:00The Defined Benefit pension era allowed people not...The Defined Benefit pension era allowed people not to think much about money without their usually coming to much harm, especially as much of their otherwise investable cash went on housing.<br /><br />And so it was that I paid little heed until I'd turned forty.<br /><br /><br />All is different now. <br /><br />deariemenoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-31518529531831056312016-08-13T10:31:50.973+01:002016-08-13T10:31:50.973+01:00I share your passion / frustration, but I strongly...I share your passion / frustration, but I strongly feel that people should be responsible for their own lives. i.e. if your colleague wants advice, he now knows that he can ask for it. Jameshttps://www.blogger.com/profile/11486100118139849262noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-31293281468114388652016-08-13T10:27:33.889+01:002016-08-13T10:27:33.889+01:00I am a newbie to the world of FI and DIY investing...I am a newbie to the world of FI and DIY investing and currently doing some research on the following two points. It looks like there are some good samaritan's (RIT and the readers) offering help so any suggestion on the below points will be greatly appreciated.<br />1. I have already rectified my mistake of sticking with the default company pension fund for many years and the past and new Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-52341529018916511872016-08-13T09:12:58.282+01:002016-08-13T09:12:58.282+01:00Many people, for whatever reason, have a complex e...Many people, for whatever reason, have a complex emotional relationship with money. Otherwise well-balanced, well educated 'normal' people really do struggle with personal finance.<br /><br />When I started to do some research into ‘financial dyslexia’, I found it was a major problem for lots of people.<br /><br />These are some of the reasons for my book 'DIY Simple Investing'.<diy investor (UK)https://www.blogger.com/profile/05649975918886866788noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-14695975284209630892016-08-13T09:02:35.388+01:002016-08-13T09:02:35.388+01:00You've made a sincere offer which has not been...You've made a sincere offer which has not been taken up. Either he thinks you are boasting beyond your competence, you are trying to con him, investing is just gambling or he doesn't want to put the effort in. I've been far more open with my aims as increasing my income isn't dependant on climbing the greasy pole. Many people admire the FIRE objective none have asked me how.Philhttps://www.blogger.com/profile/07683113114048910401noreply@blogger.com