barca72 440 Posted October 5, 2017 Share Posted October 5, 2017 If you walk out with 5k a week, that’s 250k a year. He must get that for three years with us and say two at Liverpool so that’s 5. He would or should have between 500,000-1m in his bank. That’s set up in my book even at £500,000 in savings.Footballers live a fairytale lifestyle with too much money. £500k for a house, £25k for a car. Not a helluva lot left to last 40 yrs 'til the pension. I guess he could sign up for disability !! 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted October 6, 2017 Share Posted October 6, 2017 £500k for a house, £25k for a car. Not a helluva lot left to last 40 yrs 'til the pension. I guess he could sign up for disability !! You can retire at 35 as a footballer and take your pemsion. Maybe a bit earlier 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted October 6, 2017 Share Posted October 6, 2017 You can retire at 35 as a footballer and take your pemsion. Maybe a bit earlier Would still need to be a substantial pension fund to see you through retirement from 35 0 Quote Link to post Share on other sites More sharing options...
calscot 0 Posted October 6, 2017 Share Posted October 6, 2017 Yeah pensions are based on the fact that you only have about 15 years to live, and the ones that die younger pay for the ones that die older. They reckon you need a pension pot of around £250k for a reasonable living, but take that sum and put it in a copper bottomed investment portfolio with a yield of of say about 3% and you're looking at only £7.5k a year. An annuity at 67 will probably get you about £18k with the same amount. (My figures are just based on stuff I've read and could easily be inaccurate but the principle is sound.) So a footballer will need to have saved a lot to get a guaranteed, comfortable income from 35. Of course he can invest in riskier stuff for a bigger yield, but might end up with a lot less... 0 Quote Link to post Share on other sites More sharing options...
cooponthewing 1,139 Posted October 6, 2017 Share Posted October 6, 2017 I have been misinterpreted when I stated “set up for life”. What I mean by that is £500.000-1m in the bank is not having to worry financially for the rest of your life. Your house will be bought and you won’t be living in social housing or worrying about paying bills. There will be money aside for emergencies and you should not have these worries for the rest of your life. I imagine some on here who are at a different financial station will deem this to be different from their view of “set up for life”. Let me be clear, for anyone who misunderstood my comments. Those who live in the real world and are earning circa 20-25k a year or in many cases less than that, £500,000-1m in the bank, is most definitely “set up for life”. 0 Quote Link to post Share on other sites More sharing options...
colinstein 294 Posted October 6, 2017 Share Posted October 6, 2017 if you retire at 35 and live another 50 years then £500K gives you £10K p.a. ( I was always shite at Maths but I think that's right) Ancients like me used to think a million was a lot of money but maybe not.....and what would the face value be worth in 50 years ? fuck sake coop, capitalists like Craig and Gunslinger would spend that in a weekend at the Ritz 0 Quote Link to post Share on other sites More sharing options...
cooponthewing 1,139 Posted October 6, 2017 Share Posted October 6, 2017 if you retire at 35 and live another 50 years then £500K gives you £10K p.a. ( I was always shite at Maths but I think that's right) Ancients like me used to think a million was a lot of money but maybe not.....and what would the face value be worth in 50 years ?fuck sake coop, capitalists like Craig and Gunslinger would spend that in a weekend at the Ritz Aye, a night in the casino for them! Seriously though 10k PA interest plus a job bringing in 20k is good and would be comfortable. Even a part time job bringing in 10k on top of your 10k interest. Then having your house paid and still 500k in the bank is well and truely set up for anyone in the real world. 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted October 6, 2017 Share Posted October 6, 2017 if you retire at 35 and live another 50 years then £500K gives you £10K p.a. ( I was always shite at Maths but I think that's right) Ancients like me used to think a million was a lot of money but maybe not.....and what would the face value be worth in 50 years ?fuck sake coop, capitalists like Craig and Gunslinger would spend that in a weekend at the Ritz It's my beer money Aye, right. Capitalist I may be, but that doesn't mean I am rolling in cash Good point regarding inflation too CS. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted October 6, 2017 Share Posted October 6, 2017 Would still need to be a substantial pension fund to see you through retirement from 35Huge yes. 0 Quote Link to post Share on other sites More sharing options...
Bearman 9 Posted October 7, 2017 Share Posted October 7, 2017 I long for the day when we won't have to depend on any of Warburtons signings anymore...and I include Wes and Tav in that! Wish we had given Clint Hill another year though. 0 Quote Link to post Share on other sites More sharing options...
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