The thing is though that your fund would still be getting investment returns after retirement. If you're taking 4% per year (24k) and it's getting a 5% investment return it'll be worth more than €600k when you die. Good for the kids though I suppose.I assumed a 4% annuity rate for simplicity.
So, €24k x 25 = €600k.
Yeah, that's kind of the way I think, do you need a big pension pot if you've no dependants or not planning on leaving it to someoneThe thing is though that your fund would still be getting investment returns after retirement. If you're taking 4% per year (24k) and it's getting a 5% investment return it'll be worth more than €600k when you die. Good for the kids though I suppose.
You might as well have nothing left when it's time to go into the old folks home or the state will have itYeah, that's kind of the way I think, do you need a big pension pot if you've no dependants or not planning on leaving it to someone
My plan is to have fairly well depleted my funds by 80, that's if I live that long and all that will be left of value is the house
which I suppose one of my nieces on my wife's side will get
Or invest and manage one’s wealth to endure that you have enough to pay for it yourself.You might as well have nothing left when it's time to go into the old folks home or the state will have it