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Poll: Have you made financial plans/preparations for retirement?
Thread poster: ProZ.com Staff

ProZ.com Staff
Local time: 13:30
SITE STAFF
May 21, 2012

This forum topic is for the discussion of the poll question "Have you made financial plans/preparations for retirement?".

View the poll results »



 

Mary Worby  Identity Verified
United Kingdom
Local time: 21:30
Member
German to English
+ ...
Voted 'other' May 21, 2012

Because, once again, there is no option for just plain no. I haven't yet, I like to consider I'm still young, but I will at some point, obviously!

 

Veronica Lupascu  Identity Verified
Netherlands
Local time: 22:30
Dutch to Romanian
+ ...
Other May 21, 2012

I made the plan, signed a contract, payed contributions 2 times and... tadada! the company I signed the contract with became suddenly bankrupt.

I managed to receive my money back.


 

David Wright  Identity Verified
Austria
Local time: 22:30
German to English
+ ...
Not much choice May 21, 2012

It's getting too damned close - so yes, I have made preparations (also encouraged to do so by tax breaks for certain invetsments for retirement)

 

Thayenga  Identity Verified
Germany
Local time: 22:30
Member (2009)
English to German
+ ...
No May 21, 2012

I haven't made any preparations for retirement, basically because I most likely will not retire.icon_biggrin.gif

 

Marjolein Snippe  Identity Verified
Netherlands
Local time: 22:30
Member (2012)
English to Dutch
+ ...
a very meagre retirement... May 21, 2012

I make monthly payments into a type of private retirement plan. If I don't increase these it will be a very meagre retirement - but I still have many years of working life in front of me so I am not too concerned yet.

 

Allison Wright  Identity Verified
Portugal
Local time: 21:30
German to English
+ ...
Inadequate ones May 21, 2012

Efforts continue to improve the situation. I do not envisage retiring for at least another 20 years, by which time I may have perfected the art of living on love and fresh air.

 

neilmac  Identity Verified
Spain
Local time: 22:30
Spanish to English
+ ...
Other May 21, 2012

Other than keep on working until my faculties fail me or I drop down dead, I have no retirement plans. Anyway, it is now far too late for me to consider anything.

When I was younger I never really looked to the future and after a couple of company pension plans I was in when working for local authorities went bust, I decided not to bother looking elsewhere. I have little or no state pension entitlements either in UK or Spain, and it/they would be a pittance anyway. So here's hoping I can manage to keep going.

The situation is different for people who don't like their job, but as it stands translating is one of my favourite activities so I don't feel I want to give it up anyway.

PS: I never really believed in buying property on a mortgage or loan basis either, so I have no assets to fall back on. Then again, I have no debts either, which helps me remain relatively stress-free despite all the current doom and gloomicon_smile.gif

[Edited at 2012-05-21 10:36 GMT]


 

Madalena Ribeiro  Identity Verified
Local time: 21:30
Member (2007)
English to Portuguese
+ ...
Yes May 21, 2012

Yes icon_biggrin.gif

 

Interlangue (X)
Angola
Local time: 22:30
English to French
+ ...
Yes May 21, 2012

From the very first day I started working: the state scheme is compulsory here.
I've been working for 37 years but will not be entitled to enough to live decently, so I started a private scheme when I began translating part time and added another when I switched to full time. Those savings cost a awful lot but they are tax deductible to a certain extent.


 

Michael Harris  Identity Verified
Germany
Local time: 22:30
Member (2006)
German to English
Yes, as a must May 21, 2012

Of course, and I am sorry, I you are self employed and do not make sure you get a private pension, then there is something wrong with your business plan.

I do not want to sleep under a bridge when I retire.

Private pension and paying off my flat.


 

dasein_wm  Identity Verified
Italy
Local time: 22:30
Member (2009)
Italian to English
+ ...
Other - what would I do then? May 21, 2012

neilmac wrote:

Other than keep on working until my faculties fail me or I drop down dead, I have no retirement plans. Anyway, it is now far too late for me to consider anything.

The situation is different for people who don't like their job, but as it stands translating is one of my favorite activities so I don't feel I want to give it up anyway.


I feel exactly like Neil does about this.


 

Sonia Hill
United Kingdom
Local time: 21:30
Italian to English
Yes, but only to some extent May 21, 2012

I'm paying into a private pension. However, the amount I'm paying in is not really enough and I will need to have other forms of income too. I'm still fairly young, so I guess I have at least another 30 years of work ahead of me, which hopefully gives me enough time to get everything into order.

 

Interlangue (X)
Angola
Local time: 22:30
English to French
+ ...
Disagree May 21, 2012

neilmac wrote:

The situation is different for people who don't like their job, but as it stands translating is one of my favourite activities so I don't feel I want to give it up anyway.

PS: I never really believed in buying property on a mortgage or loan basis either, so I have no assets to fall back on. Then again, I have no debts either, which helps me remain relatively stress-free despite all the current doom and gloomicon_smile.gif

[Edited at 2012-05-21 10:36 GMT]


I cannot agree with that! Things are different also for people who love their job but have the responsibility of a growing child and want to take him/her through higher education no matter what!

If I had not bought a house when I was able to, and paid it off by now, I could not afford more than just one room in (a small) town today: the price of housing has more than doubled in 20 years, rents nearly tripled, not to speak of the price of basics or taxes. Earnings never keep up!

I do not want to give up translating, but I may have to, some day – for health reasons for instance. I do not want to depend on charity, public or private.


 

svenfrade  Identity Verified
Germany
Local time: 22:30
French to German
+ ...
No need to be sorry May 21, 2012

Michael Harris wrote:

Of course, and I am sorry, I you are self employed and do not make sure you get a private pension, then there is something wrong with your business plan.

I do not want to sleep under a bridge when I retire.

Private pension and paying off my flat.


If your plans actually always work out, count yourself lucky.

I don't think anyone would want to sleep under a bridge, but I found that things in our business are pretty unpredictable and I wouldn't want to invest in a pension plan that won't let me withdraw my money if I needed it or only with a huge loss.


 
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