Gordon Gekko
Registered User
- Messages
- 7,936
How many 43 year olds will be able to contribute €5000 euro a year into a pension fund when most likely he will have mortgage commitments, teenagers, high health insurance premiums and god know what else on a modest salary f €50,000 a year.
Plenty I would venture if they are willing to make sacrifices. I deliberately used a modest salary to illustrate the power and tax efficiency of a pension.
And in any event, the counterargument being presented thus far is that 43 is "too late" and that pensions are somehow a grand swindle. Surprise surprise, when those arguments are blown out of the water, others magically appear.