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Topic History of: Interest rates go up. Fantastic!
Max. showing the last 5 posts - (Last post first)

Author	Message
Wyot	JK2006 wrote: It's called PLAN B WYOT - relying on the generosity of friends and benefits of connected companies and corporations. Well better than most peoples Plan As Mr K - hope you enjoy it for many more years.
JK2006	It's called PLAN B WYOT - relying on the generosity of friends and benefits of connected companies and corporations.
Wyot	Well all I can say is that (if I get to your age) a retirement plan that sees me spending months of the year chilling out in 5 star Moroccan and European hotels, will be judged a success by me
JK2006	When I planned my retirement decades ago, interest was around 10% so I reckoned that savings of a million or so would see me through until death, retired in comfort. Then of course everything collapsed so when I retired (and after wasting that million defending myself against false allegations in 2001 - meaning I had to get Legal Aid for 2018) I had to cut right back, use the dwindling capital or rely on friends and companies to pay my bills. Now - hoorah - interest rates are to rise so I can stop eating into my capital. Sadly, of course, that capital has all been used up. But for others, taught to save, this is good news. I shall simply be happy to use my pensions wisely. And to accept the support of friends (of whom, thank heavens, I have dozens).