Retiring in Thailand and your Pension
If any of you guys are thinking of retiring in Thailand (or anywhere else for that matter) in the next few weeks or months, your pension could be worth a lot less.
The stock markets have crashed around the world and basically knocked as much as 10% or more of indices.
Now if your pension fund is in an Equities type fund, you will have been affected by this.
However, a good pensions adviser and/or company pension advisers should have advised a person over 50 to put their funds in a "with profits" type/safe fund. However, a lot of people just don't bother and wait and wait and wait until they retire, to find out their pension pot aint what it should be.
If you are retiring within the next few weeks/months, the stock markets (probably) wont recover to the levels and couple of months ago. What I am saying is if you are one of the unlucky ones, keep your eye on and check your funds.
If you are not retiring for a few years, you will probably be able to ride out the storms!
Re: Retiring in Thailand and your Pension
Quote:
Originally Posted by WhiteDesire
The stock markets have crashed around the world and basically knocked as much as 10% or more of indices.
That is a ludicrous statement.
10-15% can hardly be called a crash.
This is a much needed levelling out of the stocks thanks to the greedy American mortgage market biting off more than they could chew for a few fast dollars.
Already markets have started to recover from the low of the last 48 hours but just don't expect the Baht to weaken. By the end of this year anyone buying Baht and relying on a good rate of exchange is going to be bitterly dissapointed.
Re: Retiring in Thailand and your Pension
[/quote]That is a ludicrous statement.
10-15% can hardly be called a crash.[/quote]
Naughty:
This is not my terminology, it is news reports, i.e. BBC, CNN - other words they use is "wobbly" "big falls" "bubble burst".
Whatever the future holds, pensioners cashing in on their pension today will be 10-15% worse off.