Irish Penny
Retiring Comfortably – What to do about a Pension
You will probably not be shocked to hear that people with a positive outlook on life will tend to be optimistic about their future and this includes the problem of saving enough in order to be able to retire in comfort.
But consider how likely it is for anyone to have an optimistic view of their financial situation and their potential to earn an adequate nest-egg from which to live out their retirement. Given our current climate of fear, everywhere we look, television, newspapers, friends, colleagues, etc, we are being reminded that there is a global credit crisis and that the financial institutions are apparently crumbling around us. Fear abounds for the present, but also the future too. But there are many reasons to feel positive and hopefully you will come to adopt a better view once having read the following article.
If you have ever tried to establish exactly how much capital you will need to support you through your old age, you have probably drawn up a budget documenting expected income and expected expenditure. You may well find that by your own calculations you have a slight deficit between what you need and what you have. But have you taken account of all the necessary factors determining your expenditure?
This is where the good news comes in; by the time you are approaching, or entering, your retirement years, you will have found that your lifestyle and financial circumstances have changed dramatically since your youth. Did you consider the following life changing events? By the time of retirement, your children would surely have left home, this means that you food budget, utility bills, and other associated costs would be dramatically reduced. If you bought a mortgage during your younger days, by retirement you will probably either find that you have paid it off, or are close to paying it off. Just these two simple things will mean that you will have more of your gross pay left over for yourself.
Already you should be beginning to feel a little happier about the situation. These changes in life circumstance can mean that you may only need in retirement, three-quarters of the income that you needed in your earlier years, meaning that you do not have to match in retirement, the amount that you earned when employed. In a sense, you return to how you were in your teenage years, only needing to pay for food, clothes, bills and fun, fun, fun!
For the many people who feel that they have not been making adequate pension contributions, or who have yet to set up an Irish pension plan and are worried about how they will save enough money, this is all excellent news. Ok, so you might not have as much capital as you had hoped, but the chances are that you do not need as much as you had expected.
A pension plan is actually one of the safest and most lucrative ways of earning sufficient capital in order to retire comfortably.
Just a quick consideration of alternative methods people have engaged in will reveal how unstable they may be. For example, many people who have relied on property investments for sources of income have found that during the global economic crisis they have become less wealthy than they were, property prices dropped dramatically and therefore so did these individuals incomes. They may be starting to relax a little now, but the economy is largely unpredictable, no one knows when the next recession will bite, or how hard, so property may in fact not be as lucrative as it may appear in times of a booming economy. A pension plan is tailored to suit the saving patterns needed to garner enough capital during retirement. They have massive tax-relief benefits for example, and are genuinely a positive step for any individual to take.
If you are still feeling a little pessimistic about your financial future, there are other things you can do to help yourself. Firstly, you can make lifestyle adjustments in the here and now. Cutting back on luxuries for example, and every penny you save can then be added to your pension fund for investment and further growth. The more you put in, and the earlier you do so, the more will be the return on your money. Alternatively, if you do not want to cutback on luxuries, but you feel you will not have enough capital by the age of 65 to retire, you can always plan to defer your retirement for a while in order to increase your savings.
But the best news yet is that the media is beginning to talk of an improvement to the financial crisis. Soon we will be hearing about how great the economy is and the media would have moved on to their next scare tactic. Although we may be a while away yet, our current global financial outlook is brightening.
This article is based on the author’s own observations and research and is not associated with any 3rd party organisations.
About the Author
Rochelle Martinez, Freelance Web Content Article Writer for three years. Some of her articles are about money management, pensions and investments.
1979 Irish Greyhound Derby Penny County
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3 IRISH 1805 HIBERNIA HARP HALF PENNY TOKENS $6.05 |
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3 LARGE IRISH HIBERNIA HARP ONE PENNY TOKENS $6.05 |
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IRISH PENNY WHISTLE W INSTRUCTIONS NEW $9.95 |
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JUMBO IRISH 1814 KING GEORGE CARTWHEEL SIZE COLONIAL PENNY! $26.90 |
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10 PRE-DECIMAL IRISH PENNIES $1.56 |
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FEADOG D IRISH TIN PENNY WHISTLE in GREEN NEW FLAUTA flûte flûte flauto $7.95 |
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FEADOG D IRISH TIN PENNY WHISTLE in RED NEW FLAUTA flûte flûte flauto $7.95 |
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FEADOG D IRISH TIN PENNY WHISTLE in BLUE NEW FLAUTA flûte flûte flauto $7.95 |
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FEADOG NICKEL D IRISH TIN PENNY WHISTLE NEW FLAUTA flûte flûte flauto $7.95 |
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IRELAND IRISH KM19 1971 XF-SUPER NICE OLD 1/2 PENNY BIRD COIN FREE US SHIPPING $0.40 |
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FEADOG D IRISH TIN PENNY WHISTLE in Black NEW FLAUTA flûte flûte flauto $7.95 |
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IRISH COPPER COIN HALF PENNY 1941 $9.46 |
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George III Irish Penny 1805 and 2 Ireland George IV, Worn Antique Copper Coins $7.82 |
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12 IRISH 2000 PENNYS FROM MINT BAG.GEM UNCIRULATED.GOLD LUSTRE. $5.99 |
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Low G Pennywhistle • Irish tin penny whistle flute $39.95 |
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Gold on Silver Irish ½ Penny Harp Necklace in Gold Filled Plain Bezel – W $90.99 |
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1937 Irish EIRE PENNY coin [lot00200] $0.77 |
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1760 Ireland Halfpenny Hibernia Irish George II 1/2 Penny Coin (161113) $3.25 |
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FEADO’G ORIGINAL IRISH PENNY WHISTLE ** NEW !! ** MADE IN DUBLIN $5.00 |
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NEW Irish Penny Lottery Scratch-off Pendant Necklace – Stylish Lucky Charms $19.98 |
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IRISH TRADITIONAL MUSIC BRASS FEADOG D TIN PENNY WHISTLE FLUTE IRELAND SOUVENIR $6.99 |
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Brass Feadog D Note Irish Tin Penny Whistle PACK NEW $9.24 |
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Erin Go Bragh NY Irish St Patricks Parade 1929 Parachute – Penny Indian Chief $29.95 |
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NEW AUTHENTIC BLUE IRISH FEADOG KEY “D” PENNY WHISTLE $9.95 |
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ORIGINAL CLARKE TIN PENNY WHISTLE – FIFE Key of C or D – Irish Penny Whistle $14.95 |
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SG43 1864 1d Penny Plate (CI) *142* Clonmel* Irish Numeral $7.88 |
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Cuff-Daddy Irish Harp Half Penny Coin Cufflinks CD-1326 $49.99 |
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CLARKE SWEETONE BLACK TIN PENNY IRISH WHISTLE – KEY OF C $9.40 |
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IRELAND: 1968 One Penny Coin HIGH GRADE – GEM UNCIRCULATED Irish Hen And Chicks $1.99 |
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IRELAND: 1967 One Penny Coin HIGH GRADE – UNCIRCULATED Irish Hen And Chicks $1.59 |
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Coin jewelry Irish penny cutout harp with chain $10.95 |
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12 IRISH 2000 PENNYS FROM MINT BAG.GEM UNCIRULATED.GOLD LUSTRE. $5.99 |
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12 IRISH 1998 PENNYS FROM MINT BAG.GEM UNCIRULATED.GOLD LUSTRE. $5.99 |
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12 IRISH 1996 PENNYS FROM MINT BAG.GEM UNCIRULATED.GOLD LUSTRE. $5.99 |
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Old coins Irish One Penny 1928 $1.56 |
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IRELAND – IRISH FREE STATE 1 penny 1933 XF Cat. $ 125.00 $34.99 |
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FEADO’G ORIGINAL IRISH PENNY WHISTLE ** NEW !! ** MADE IN DUBLIN $5.00 |
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IRISH LUCKY PENNY $0.73 |
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IRISH TRADITIONAL MUSIC BRASS FEADOG D TIN PENNY WHISTLE FLUTE IRELAND SOUVENIR $6.99 |
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1964 1935 AND 1961 IRISH 1 PENNY COIN LOT $21.95 |
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Low G Auto Flute • Irish tin penny whistle,pennywhistle $39.95 |
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Gold & Silver Irish Half Penny Harp Cut Coin Pendant in Gold Filled Rope Bezel $104.99 |
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Gold on Silver Irish Half Penny Harp Cut Coin Pendant with Rim and No Bezel $64.99 |
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IRISH & ENGLISH 1 PENNY AND HALFPENNY PAIRS UNCIRCULATED WORLD COIN”S #3101 $4.95 |
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Ha’Penny Bridge , Dublin, 1960s – Irish Photo Picture $14.99 |
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Dixon SOPRANO Pro Tunable D Irish Tin Penny WHISTLE DX005 Polymer flute NEW $48.95 |
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IRELAND: 1963 Penny Coin Irish Hen And Chicks C1028 $1.99 |
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Coin jewelry Irish penny cutout hen and chicks / cord $9.00 |
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Dixon SOPRANO Pro Tunable D Irish Tin Penny WHISTLE DX005 Polymer flute $45.74 |
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Gold & Silver Cut Coin Irish ½ penny Harp Earrings $114.99 |
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IRELAND: 1966 Penny Coin Irish Hen And Chicks C1044 $1.99 |
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IRELAND: 1968 Penny Coin Irish Hen And Chicks C1052 $1.49 |
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IRELAND: 1946 Penny Coin Irish Hen And Chicks C998 $2.25 |
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IRELAND: 1963 Penny Coin Irish Hen And Chicks C1026 $1.99 |
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IRELAND: 1937 Penny Coin Irish Hen And Chicks C972 $2.99 |
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IRELAND: 1941 ONE PENNY COIN IRISH HEN AND CHICKS C357 $2.49 |
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IRELAND: 1967 Penny Coin Irish Hen And Chicks C1048 $1.99 |
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IRELAND: HIGH GRADE 1940 One Penny Coin SCARCE DATE Irish Hen And Harp C1764 $29.99 |
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IRELAND: 1963 Penny Coin Irish Hen And Chicks C1029 $1.99 |
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IRELAND: 1967 Penny Coin Irish Hen And Chicks HIGH GRADE C576 $1.99 |
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IRELAND: 1966 HALF PENNY COIN RED UNCIRCULATED IRISH SOW AND PIGLETS #FS $2.49 |
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IRELAND: 1952 Penny Coin Irish Hen And Chicks C1021 $1.99 |
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IRELAND: 1964 One Penny Coin Irish Hen And Harp C644 $1.49 |
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IRELAND: 1968 Penny Coin Irish Hen And Chicks C439 $1.49 |
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IRELAND: 1942 Penny Coin Irish Hen And Chicks C981 $1.99 |
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IRELAND: 1943 Penny Coin Irish Hen And Chicks C990 $1.99 |
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IRELAND: 1965 Penny Coin Irish Hen And Chicks C1037 $1.99 |
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IRELAND: 1968 Penny Coin UNCIRCULATED Irish Hen And Chicks C1824 $2.49 |
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IRELAND: 1941 Penny Coin Irish Hen And Chicks C1758 $1.99 |
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IRELAND: 1935 Penny Coin Irish Hen And Chicks C963 $1.99 |
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IRELAND: 1967 Penny Coin UNCIRCULATED Irish Hen And Chicks C1827 $2.49 |
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IRELAND: 1966 Penny Coin Irish Hen And Chicks C1042 $1.99 |
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IRELAND: 1937 Penny Coin Irish Hen And Chicks C967 $1.99 |
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IRELAND: 1965 One Penny Coin Irish Hen And Chickens HIGH GRADE Uncirculated C928 $2.99 |
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IRELAND: 1942 Penny Coin Irish Hen And Chicks C980 $2.25 |
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IRELAND: 1968 Penny Coin Irish Hen And Chicks C1049 $1.49 |
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IRELAND: 1966 Penny Coin UNCIRCULATED Irish Hen And Chicks C1836 $2.49 |
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IRELAND: 1965 Penny Coin UNCIRCULATED Irish Hen And Chicks C934 $2.49 |
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IRELAND: 1964 Penny Coin Irish Hen And Chicks C1031 $1.99 |
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IRELAND: 1968 Penny Coin Irish Hen And Chicks C1050 $1.49 |
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IRELAND: 1950 Penny Coin Irish Hen And Chicks C1013 $1.99 |
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IRELAND: 1965 Penny Coin Irish Hen And Chicks C1039 $1.99 |
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IRELAND: 1935 One Penny Coin Irish Free State Issue Hen And Harp C1716 $3.49 |
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IRELAND: 1965 Penny Coin UNCIRCULATED Irish Hen And Chicks C935 $2.49 |
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IRELAND: 1964 Penny Coin Irish Hen And Chicks C1032 $1.99 |
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IRELAND: 1946 Penny Coin Irish Hen And Chicks C997 $2.25 |
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IRELAND: 1946 One Penny Coin Irish Hen And Harp C1723 $1.99 |
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IRELAND: 1942 One Penny Coin Irish Hen And Harp C1720 $2.49 |
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IRELAND: 1965 Penny Coin Irish Hen And Chicks C1038 $2.19 |
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IRELAND: 1966 Penny Coin UNCIRCULATED Irish Hen And Chicks C1837 $2.49 |
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IRELAND: 1967 Penny Coin UNCIRCULATED Irish Hen And Chicks C1828 $2.49 |
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IRELAND: 1950 A/UNCIRCULATED One Penny Coin Irish Hen And Harp C1724 $4.99 |
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IRELAND: 1942 One Penny Coin Irish Hen And Harp C1722 $1.99 |
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IRELAND: 1968 Penny Coin UNCIRCULATED Irish Hen And Chicks C1825 $2.49 |
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IRELAND: 1966 Penny Coin Irish Hen And Chicks C1041 $1.99 |
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IRELAND: 1950 Penny Coin Irish Hen And Chicks C1014 $2.25 |
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IRELAND: 1968 Penny Coin UNCIRCULATED Irish Hen And Chicks C1826 $2.49 |
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IRELAND: 1931 Penny Coin Irish Hen And Chicks C951 $2.99 |
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IRELAND: 1963 Penny Coin Irish Hen And Chicks C1027 $1.99 |
