how much is you pension?

[micmichd]

10 hours ago, returnofthailand said:

I m under 50 and paid just a little for my retirement, but not enough to live decently as I have worked and live in foreign country most of the time and didn't work very much . so 0 for me. I don't believe the retirement system will exist in 15 tears time. oh yes you will still get retirement at 105 years old. lol

retirement has been invented after the 2nd world war and at the time there were 7 workers for 1 retire . now we have 2 workers for 1 retired. and soon 1 worker for 3 retired. .
do you see the trend here ? do you think it s improving in a good way or in a bad way.?


instead I saved good money already.
and in case I finish on the streets, I will ask for assistance. and then I will probably live like a king. free housing free food free pocket money free transport free holiday to Thailand... and worse case, I apply as a refugee in Germany.... lol

 

As a refugee to panicking Germany? Bet you'd rather be dead. 

PS. I'm German, and I know what I say. Hopefully, I will still get my government pension and corporate bank pension the next 50 years. 

Edited September 17, 2016 by micmichd

[weegee]

What's this thing you all call "Pension" you are all talking about?....

[Emster23]

" how much you rack every month from your broken nanny state? "

 If you "rack" every month from "broken nanny state" then safe to say your "nanny state" isn't broken.

[khunPer]

The minimum the Danish government can get away with paying to one with maximum benefits – and that's not much – after Danish taxation, using full allowed personal deduction, it's around 25,000 baht a month (more-or-less, depending of exchange rate).

 

Sometime I wonder, if I should had forgot to pay the last three years tax when I stayed in Denmark – I gotta gain extra extended longevity to get that back in retirement pension – does anyone know the path to "The Fountain of Youth"..? 

 

I'm lucky to have some small private retirement pension on top, which for a number of years can add up to a sum I can survive on, and I furthermore have little savings paying dividend – at some point I may "eat" my savings...

[kannot]

2 hours ago, Surasak said:

Show off! I have to hire a truck???

the wheelbarrow is attached to a convoy of trucks Im not paying him for  nothing and bugggered if im wasting money on diesel

[elgordo38]

14 hours ago, augustwest said:

4000b a day between pension and rental of house. I don't draw down any of my holdings and most are dripped

If the roof on your house is dripped get it fixed before the whole place collapses. 

[F4UCorsair]

1 hour ago, manfredtillmann said:

 

whinn i miinrinted to australia in 1981  as a self - financed immigrant i entered into a ' contract' with the then government. and part of this contract was the commitment of the commonwealth to pay me the standardised government pension upon me reaching the age of 65.

 

in australia income tax payments contain a levy for government health insurance and government pension. other countries, like germany, might actually call these tax components by name, but there are still TAX.

 

apart from 'running the country', which they really don't, perhaps they administer it, and not too well for all i care, my tax payments also finance welfare payments to the needy and the not so needy ones, foreign aid, warfare etc., and these components are also not shown separately in my tax assessment.

 

my personal provisions for my retirement and my present life are not superannuation, i make all my current income from residential investment property. why that appears to give the oz government an excuse to not pay me is beyond me.

I partly ahree/agree (can't edit).  Everybody should get a pension based on their tax contribution.  On that basis, I'd be on a couple of hundred thousand a year.

 

I think you're wide of the mark on entering Into a contract with the government though.

 

As an aside there are 580,000 people In Australia, known as DEETs (Sorry, NEETs, can't edit), an acronym for Not In Employment, Education or Training.  They refuse to work, and continue to draw the dole, almost $200 a week, and that's costing the workers almost $6 BILLION a year!!

 

Execution comes to mind.

[F4UCorsair]

1 hour ago, manfredtillmann said:

 

whinn i miinrinted to australia in 1981  as a self - financed immigrant i entered into a ' contract' with the then government. and part of this contract was the commitment of the commonwealth to pay me the standardised government pension upon me reaching the age of 65.

 

in australia income tax payments contain a levy for government health insurance and government pension. other countries, like germany, might actually call these tax components by name, but there are still TAX.

 

apart from 'running the country', which they really don't, perhaps they administer it, and not too well for all i care, my tax payments also finance welfare payments to the needy and the not so needy ones, foreign aid, warfare etc., and these components are also not shown separately in my tax assessment.

 

my personal provisions for my retirement and my present life are not superannuation, i make all my current income from residential investment property. why that appears to give the oz government an excuse to not pay me is beyond me.

I partly ahree/agree (can't edit).  Everybody should get a pension based on their tax contribution.  On that basis, I'd be on a couple of hundred thousand a year.

 

I think you're wide of the mark on entering Into a contract with the government though.

 

As an aside there are 580,000 people In Australia, known as DEETs (Sorry, NEETs, can't edit), an acronym for Not In Employment, Education or Training.  They refuse to work, and continue to draw the dole, almost $200 a week, and that's costing the workers almost $6 BILLION a year!!

 

Execution comes to mind.

[elgordo38]

3 hours ago, DUS said:

 

And rightly so! 

 

But given the OP´s usually utterly stupid threads that he starts just to wind people up, I thought that a stupid question/thread is asking for a stupid answer and so he got one from me. That´s all....

Funny that the Mods would let this one slip by. 

[micmichd]

7 minutes ago, F4UCorsair said:

I partly ahree/agree (can't edit).  Everybody should get a pension based on their tax contribution.  On that basis, I'd be on a couple of hundred thousand a year.

 

I think you're wide of the mark on entering Into a contract with the government though.

 

As an aside there are 580,000 people In Australia, known as DEETs (Sorry, NEETs, can't edit), an acronym for Not In Employment, Education or Training.  They refuse to work, and continue to draw the dole, almost $200 a week, and that's costing the workers almost $6 BILLION a year!!

 

Execution comes to mind.

Same with German Hartz IV. Everyone can get it, even those who never worked in their life, never went to school,  never did anything except crying for more and more and more. 

[F4UCorsair]

1 hour ago, Gecko123 said:

 

200 bahtitx 30 days = 6,000 baht/mon B200fh

IM_A_FARANG's numbers are a little confusing.

One would assume lunch and dinner are more than breakfast, but If hyou useB200 X 3 meals a day for 30 days, It's B18,000 a month.  That's a LOT more than B3000!

[F4UCorsair]

16 minutes ago, micmichd said:

Same with Germait Hartz IV. Everyone can get it, even those who never worked in their life, never went to school,  never did anything except crying for more and more and more. 

 

Way too many parasites In life, and not just Australia apparently.

Once weak/soft policies are Introduced by soft c**k socialist politicians, currying favor with the base classes In an attempt to secure votes, It becomes very difficult to reduce those 'benefits' and the workers are sgtuck with paying, yet again, for politicians' gross stupidity'.

[Kwasaki]

35 minutes ago, Emster23 said:

" how much you rack every month from your broken nanny state? "

 If you "rack" every month from "broken nanny state" then safe to say your "nanny state" isn't broken.

 

Reminds me,  don't know what nanny state your from,  mine was and now is UK  I was what they call a baby boomer and has lived in what they call the golden years.

I think our era is blamed for what has happen in the recent financial past. 

[Johnniey]

15 hours ago, petedk said:

After Brexit, probably 0 pounds. 

 

Having spent my entire working life in another EU country I get nothing from UK. Will be regarded as a foreigner in the other country. Spent the last 5 years in Thailand so lose everything.

I've spent 31 years working in Thailand and paid nothing. But they said I can pay back 10 years at 150 pounds a year and I can pay for another 12 years so I'll get just about the full pension, if I live to 67.

 

Should be around 25,000 baht a month which should be fine as house will be paid off, kids finished and married earning heaps to support me:)

 

Of course, I'll have some extra income from other investments made in the next 12 years.

Edited September 17, 2016 by Johnniey

[Jingthing]

My current pension sums up to a grand total of BUPKIS. 

[Aussieroaming]

zip. same as others, I work o/s and dont live in Aus so would need to move back there and prove 2 years residency to even apply. Fat chance of that ever happening given its another 18 years down the track.

 

 

[jmd8800]

My father used to say 'never count another man's time or money ... it is not your business'.

 

But I will say: Thanks to the 2008 financial crisis my monthly pension was reduced by about 1/3 and 60,000USD in annuities disappeared.

[Johnniey]

7 minutes ago, jmd8800 said:

My father used to say 'never count another man's time or money ... it is not your business'.

 

But I will say: Thanks to the 2008 financial crisis my monthly pension was reduced by about 1/3 and 60,000USD in annuities disappeared.

My father used to say never gamble with money you can't afford to lose.

[Johnniey]

8 minutes ago, Aussieroaming said:

zip. same as others, I work o/s and dont live in Aus so would need to move back there and prove 2 years residency to even apply. Fat chance of that ever happening given its another 18 years down the track.

 

 

I'd love to retire in Oz or Scotland

[manfredtillmann]

54 minutes ago, F4UCorsair said:

I partly ahree/agree (can't edit).  Everybody should get a pension based on their tax contribution.  On that basis, I'd be on a couple of hundred thousand a year.

 

I think you're wide of the mark on entering Into a contract with the government though.

 

As an aside there are 580,000 people In Australia, known as DEETs (Sorry, NEETs, can't edit), an acronym for Not In Employment, Education or Training.  They refuse to work, and continue to draw the dole, almost $200 a week, and that's costing the workers almost $6 BILLION a year!!

 

Execution comes to mind.

lucky i did not write the execution bit... as an ex -german those things attract scorn. but i silently agree. labour camps???

 

as for the contract - and you are not the first person i am discussing this with, but perhaps the brightest - when australia 'bought' me in october 1980, the month of my immigration visa approval, i was presented with a range of documents i had to sign. pay for my flight, my settlement, not draw benefits for n - months, find employment, not sponsor relatives etc. etc.

in return i had an outline (i still have these documents in storage somewhere) of the conditions the australian government was providing and, among that, clearly, was a government pension benefit for the over 65's of - if i remember correctly - A$47 / week.

legal or not, this was a contract, an agreement of two parties to act in a specific way.

 

today, 36 years later, me, having provided countless advantages to the australian society (and having done well myself without doubt - but that is not an achievement of australia, it is an achievement of myself), still providing housing to the under privileged at a fraction of the cost that public housing burdens the australian taxpayer with, i am in no position to claim any of the benefits WE agreed on back then.

australia breaks 'contracts' with their citizens often and regularly. and because of the complacency of australians they get away with it.

[jmd8800]

12 minutes ago, Johnniey said:

My father used to say never gamble with money you can't afford to lose.

 

I didn't gamble. The private pension and annuity contributions were part of the job. No options.

 

On top of that... the US Gov't took the guarantees (ERISA)  off my pension in 2014. I suppose Wall St is busy paving a road to those retirement coffers right now.

[sandgroper2]

To ask such a question, and for people to actually respond, simply amazing.

[Jingthing]

Just now, sandgroper2 said:

To ask such a question, and for people to actually respond, simply amazing.

Why not? 

[Gary A]

It's just like the question of how much do you spend a month for living expenses. It gets the same answer. The first liar doesn't have a chance.

[55Jay]

Mine is 500,000 Baht per month.  But I live in a 3,000 Baht/mo 17sq meter fan room on Soi Hump Hump and dine on 30 Baht rice and monkey balls.  Livin' the Dream, mate!    

[al007]

Pretty unbelievable, people sharing this sort of information, but then this is TV

 

Maybe a few members could let me borrow their ATM cards and give me their pin nos, and do not worry this is Thai Visa

 

Also the wealthy ones please let us have your address and pin number for your house alarm, remember this is Thai Visa

 

I am happy to share information with appropriate people BUT not on open forum

[Johnniey]

13 minutes ago, Jingthing said:

Why not? 

Did you say how much you earn?

 

[Agent Sumo]

2 hours ago, CaptHaddock said:

1.  Modern state pension systems began when Bismarck created one in Germany along with national health insurance and accident insurance in the 1880's.  It's true that the US has lagged behind. 

 

2.  The Social Security system was however created in 1935.  Private pensions did become more widespread in the US in the 50's.

 

3.  Your demographic prediction of a coming crisis in Social Security is frequently heard from innumerate folks like yourself.   Apparently you have never stopped to ask yourself why there was no such crisis when the ratio of workers to retirees fell from 5 to 1 in the 60's to 3 to 1 in the 90's.  In fact, the standard of living of both SS recipients and workers increased significantly during that 30 year period.  How do you suppose that was possible?   You have assumed that workers in the immediate post-war economy produced the same amount of output as workers today.   But that's obviously ridiculous.  In the 50's GM had 400,000 workers and produced fewer cars per year than today with 40,000.  Productivity gains affect not only manufacturing workers, but in fact are the source of the rising standard of living across the whole economy.  And that includes supporting retirees.  Today's workers make more than their predecessors in real terms even after paying more in payroll taxes.  That's the effect of productivity gains. 

 

I hope that you will be able to fund your retirement with your savings, but if you do manage it without SS you will be among a small minority of workers.

 

Sorry but that diatribe about industrial productivity has nothing to do with whether or not pensions are going to be worth the paper they're written on 15-20 years into the future.

The only thing you need be concerned about is the gap between what's paid in by workers and the current/future benefits the fund must pay out

 

It doesn't matter what workers are making today because defined-benefit, final salary-type pensions are becoming extinct.

 

They're been replaced by defined contribution type pensions that work completely differently; ie your money gets chucked into a pool with that of thousands of others and moved around the financial markets by a fund manager. In essence, you're a stock market punter.

 

The reason for this is basic mathematics; put simply, final salary schemes have become too expensive to continue adding future beneficiaries who will (if they already don't) outnumber those making contributions . . . and that doesn't take into account the crappy returns these funds are getting from their traditional "safe" investments in government bonds which are at record lows with many offering negative yields.

 

Just one of example of the problem is the massive hole in the British Tata Steel pension fund. It's creating a headache for the Indian owners who are desperately trying to offload it because no buyer wants to take on responsibility for 130,000 members' benefits most of whom are taking money out each month, not putting money in

 

returnofthailand's post is pretty valid

 

 

[HampiK]

It's an open forum. But you believe everything someone write down here?

 

I don't know how much really you can't believe when it comes to money. And it's really easy to show a how rich person you are.

 

[Lokie]

1 hour ago, Johnniey said:

My father used to say never gamble with money you can't afford to lose.

My dad just said 'don't $ hi t on your own doorstep, and when I got my future Mrs up the spout at 20yrs of age his only comment was You wan k er! A man of few words my ol man but was pretty much right lol...