Pensions: WATER or a nice cottage by the water?

The polar bear optical illusion you can see in the Needles from Bournemouth. (Photo by Terry Robinson)

Two stories in the Sunday Times today offer two conflicting perspectives about pensions, which I think is as good a topic as any to restart my blog.

In Ian Cowie’s latest column about his retirement fund he says he’s recently liquidated a fairly big chunk of his shares so he can buy a seaside cottage. Good for him.

“…so many editorial colleagues over the years seemed to think they were being terribly witty telling me, “Pensions are boring. Sometimes I would say: ‘Not really, I enjoy sailing around in part of my pension.’ Soon, with luck, Sue and I will also have a Victorian cottage with a splendid sea view, all thanks to saving and investing effectively. How boring is that?”

Josh Glancy is less impressed with his pension savings which, at the moment, would probably only cover a few dozen Brooklyn brunches. Not so good for him.

“My retirement plan is more like Water: won’t aim to ever retire. This realisation was a shock at first, but I’m coming round to the idea. I’ve chosen to prioritise satisfaction over security, thrills today over funds tomorrow.”

I wonder what the two would say about each other’s columns…

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