I'm 42, No pension, will I die in a puddle of my own S#it

[Slyjoe]

As per title, no pension - I have however got an end in sight to a mortgage 130k on a 250k house (albeit 15 years away), a possible 100k inheritance eventually.
I have however no pension pot.
If all of the Jeremy Kyle scummers on no income and no contribution will survive the apocalypse of retirement, will I be any better off?
Or will the people who have scrimped and saved to have "massive amounts wiped off pensions" actually be better off?
There is no way I can afford to contribute to a pension right now, despite a fairly good wage, I have 4 kids with possibility's of Uni later.
PH wat do?

[Slyjoe]

Jackleman said:

To get pension of £21K per year I would need to put away nearly £700 a month at the age of 33!

I could buy another house for that amount.
Gold was $800/oz not so long ago and is now $1600 - so not bad.
Everyday we seem to hear than any pension fund is massively hit.
If I do pay off my house and fall into poor health I'll be made to sell it to pay for my care.
I'm just interested how the people who contribute nothing to society now will continue to live, or will they all be put in camps to die.
My utility bills alone now are £300 pcm.
How the hell is anyone meant to retire average income or none.........

[Slyjoe]

croyde said:

30 years time

Or 10 years ago...........

[Slyjoe]

Balmoral Green said:

I'll just liquidate whatever assets I have, buy a motorhome and pootle around all over Europe, wintering somewhere warm. Food & diesel will be my only overheads. I don't know what Mrs BG will be doing

I really bloody like this!

[Slyjoe]

HoHoHo said:

Alternatively, I could get run over by a 997 Turbo tomorrow and regret not havng bought that bus