Re: Are your Pensioner Bonds due to mature?
Here in America we have the 401k plan. Employer takes money on a monthly basis from your salary and applies it to the stock market.We decide the amount to be taken out and to what stocks. Stock broker hired by our company handles our funds. I have been with the same company now for 28 years. Market has been somewhat strong, so I can honestly say that I have a pretty pennyRe: Are your Pensioner Bonds due to mature?
Good on you eoap.Re: Are your Pensioner Bonds due to mature?
Mine's tucked away for another 2 years.Re: Are your Pensioner Bonds due to mature?
The 401k plan are now being offered by most companies and we pay no taxes on the money. What we get for social security is very little for what we put in all these years. This plan is a second option for our retirement. During the course of the plan, you are not allowed to withdraw money for any reason. So it forces you to save. One of the reasons why most plans don't work is people always need money one way or another and overtime they withdraw money from wherever they can. With this plan your money is always there.Re: Are your Pensioner Bonds due to mature?
I thought the reason why most plans don't work is that people don't take the money out in time. You have to leave it in for a few years to start with, otherwise there's no point in having a plan, then there is an optimum time to withdraw the money, and then they start dwindling away to nothing.Re: Are your Pensioner Bonds due to mature?
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