alt Hacker NewsPensions sort of already are a lottery. Can’t collect if you’re dead. Live to 95 and they help a lot. Though inflation will still getcha in the end.
Replies
petesergeant • 12/08/2024
> Pensions sort of already are a lottery
Annuities maybe, but those aren’t the only kind of pensions
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throwaway2037 • 12/08/2024
By this reasoning, isn't buying equities also gambling? Hint: It is not.
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Yes if you choose annuity but you can also buy those with regular cash so it's as relevant here as price of tea.
Pensions are more tax efficient and offer a better option of investments (companies) than what is effectively fiat interest going into a lottery pool.
If you have cash in premium bonds you might die young then pay inheritance tax.
Better give your kids cash earlier to live off or invest to avoid this, and so they can over-stuff their pensions ;). Not many people think that far ahead (60 year horizon)