Enough Income
Oct 14th 2007 | 4:05 am
#31
RETIRED ;-))
Joined: Jul 2003
Posts: 20,156
From: Benalmadena Pueblo,Spain
Re: Enough Income
Hi. I am desperate to retire to Spain. Unfortunately there is a small problem and this is retirement is some 19 years away. Allowing for a sensible rate of inflation my yearly pensionable income will be £8500 pre-tax. Can anyone tell me if this will cover the basics/necessities please.
Thanks very much,
Mark
Thanks very much,
Mark
Oct 14th 2007 | 4:14 am
#33
Forum Regular
Joined: May 2007
Posts: 155
Re: Enough Income
Come on guys. Answer the question.
Oct 14th 2007 | 4:26 am
#34
Banned
Joined: Jul 2007
Posts: 569
From: What one has not experienced, one will never understand in print
Re: Enough Income
No 8,500 wouldn`t be enough income to live on in Spain, central Africa probably but europw no chance in hell.
Oct 14th 2007 | 4:28 am
#36
Straw Man.
Joined: Aug 2006
Posts: 46,302
From: That, there, that's not my post count... nothing to see here, move along.
Oct 14th 2007 | 4:29 am
#37
Banned
Joined: Jul 2007
Posts: 569
From: What one has not experienced, one will never understand in print
Oct 14th 2007 | 4:32 am
#39
Banned
Joined: Jul 2007
Posts: 569
From: What one has not experienced, one will never understand in print
Oct 14th 2007 | 4:32 am
#40
Straw Man.
Joined: Aug 2006
Posts: 46,302
From: That, there, that's not my post count... nothing to see here, move along.
Oct 14th 2007 | 4:40 am
#42
Banned
Joined: Jul 2007
Posts: 569
From: What one has not experienced, one will never understand in print
Re: Enough Income
Not unanwserable.
I`ll remember in 2026 to remind you of your mistake, but until then we look at history.
Financial circumstances have never reversed.
19 years ago i believe your income and mine was far lower than today.
19 years before then it was far lower etc etc etc
so its a far bet that unless Spain becomes a third world country in 19 years, 8,500 will be worth far less than today.
If you don`t believe me ask a pension advisor, once he`s stopped laughing he/she will explaining it to you.
I`ll remember in 2026 to remind you of your mistake, but until then we look at history.
Financial circumstances have never reversed.
19 years ago i believe your income and mine was far lower than today.
19 years before then it was far lower etc etc etc
so its a far bet that unless Spain becomes a third world country in 19 years, 8,500 will be worth far less than today.
If you don`t believe me ask a pension advisor, once he`s stopped laughing he/she will explaining it to you.
Oct 14th 2007 | 4:40 am
#43
RETIRED ;-))
Joined: Jul 2003
Posts: 20,156
From: Benalmadena Pueblo,Spain
Re: Enough Income
Sorry I should have been more clear. I did mean the equivalent of £8500. Thankyou for your response,
Mark
Mark
Confirms it ? now if he had put "in today`s values" after then it would of meant something totally different.
We probably live on about that amount, so if prices etc stay balanced for 19 years then he will be ok.
Oct 14th 2007 | 4:44 am
#44
RETIRED ;-))
Joined: Jul 2003
Posts: 20,156
From: Benalmadena Pueblo,Spain
For how many people? You eat a lot!
