simon.r
Person
- Location
- Nottingham
After a *lot* of thought and professional advice I've moved my 'cash equivalent transfer value' (CETV) from a final salary scheme to an investment fund. Many reasons, but the main one is that my children will, if all goes to plan, benefit financially on my death, which they wouldn't had I left things as they are.
So I lose a guaranteed income, but, hopefully match or exceed that guaranteed income from interest from the investment. It's a huge gamble, but one which I'm quietly confident will pay off.
The realistic worst case scenario is that I'll run out of money when I'm about 90, at which age I would hope the system will kick in and look after me - and if it doesn't I hope to be beyond caring!
The best case scenario is that I live a long and financially secure life and leave a significant amount of money for my children to inherit.
Anyone else done or considering doing similar?
So I lose a guaranteed income, but, hopefully match or exceed that guaranteed income from interest from the investment. It's a huge gamble, but one which I'm quietly confident will pay off.
The realistic worst case scenario is that I'll run out of money when I'm about 90, at which age I would hope the system will kick in and look after me - and if it doesn't I hope to be beyond caring!
The best case scenario is that I live a long and financially secure life and leave a significant amount of money for my children to inherit.
Anyone else done or considering doing similar?
