You are reading a single comment by @Velocio and its replies.
Click here to read the full conversation.
-
I suspect that you might be better off loading up the pension
I'm over 50, and only got a work place pension 6 years ago and they only contribution match to a low %... I'm largely fucked... but getting rid of debt and mortgage, and then focusing on higher risk things like stocks and the share windfalls, and hoping to directly purchase annuities from those is my plan given the time I have remaining.
Velocio
ELbowloh
Thats a really nice thing to do.
I suspect that you might be better off loading up the pension, especially if you are over 40 and would only need to wait 15/16/17 years to get at the tax free element but id also understand your reasoning for not doing so.
Fwiw i spent ten years scurrying around paying off my mortgage and got there in the end.
A few months later my wife announced she wanted to move so im saddled again with a mortgage. But im not paying it off at the moment, im loading up my pensions instead. I think the key is a balance with what you have, a bit of pension, a bit of mortgage, a bit of fun money.