I've just been reading on this forum about how difficult it is to manage on the State Pension and have a bit of a problem in this respect. Here's my situation:
Ten years ago I had breast cancer.
I am self-employed doing something I like but earning little from. I began freelancing around the time I got cancer. A financial advisor agreed with me at the time that it might be better not to put money into a pension (which would be lost if I were to die) but to save money from my earnings into ISAs, etc.
I have been cancer free for those ten years and have ten more years to go until retirement. All I have retirement-wise is the state pension. And a very small amount of savings. I have £10,000 immediately available. I could carry on saving it in low-paying Cash ISAs, try something a bit more risky, or put it in a pension fund. I was determined I was going to put it into a pension fund until last month when I had another cancer scare. It turned out to be just a fatty lump but all I could think about at the time was that I was glad I didn't throw it away into a useless pension fund. Then again, I'm terrified of a living in pension poverty, should I get to be 67.
So my question is - what would you do in my circumstances? Or, alternatively, do any of you have a spare and accurate crystal ball I could borrow?
Fashion for short, overweight woman
To think that London, or anywhere else for that matter, does not belong to any one demographic