Job Discussion Forums

[eslgypsy]

Having come to the (foregone) conclusion that a TESL-er is better off NOT working in Canada, I am considering returning to the Gulf. Here is my question: how does one prepare for retirement, as Gulf jobs do not offer retirement benefits.

[helenl]

You save and invest - just like you would in Canada to supplement the retirment benefits that are inadequate to cover you in your "golden years"

[15yearsinQ8]

ask a financial advisor

if you're asking what fellow teflers do, they consult financial advisors
if you're asking for hot tips, i here citigroup and gm shares are at bargain prices now or homes in las vegas are pretty cheap

[scot47]

Does anyone really believe that they can PLAN ? Look at what has happened with the economies of the "developed countries" !

[007]

Well, Uncle Scott, the economic picture here in UK is gloomy, the unemployment is rising, the property market is crushing, and Uncle Brown is rushing to his sinking ship!

[johnslat]

Dear 007,

" . . . and Uncle Brown is rushing to his sinking ship!"

Rushing to it?? Heck, he's up in the wheelhouse at the helm.

Regards,
John

[Tensne1]

As 15yearsinQ8 mentioned, houses in Las Vegas are *cheap* and buyers are scarce... I have a friend who bought a house in Las Vegas in 1997 for $127K (4 bdrm, 2-1/2 bath). He said it was listed at $295K three years ago but is now at about $140K. What stands out is the incredible jump -- more than doubled in fewer than 10 years. Artificial something or other...

[Tensne1]

*deleted*

[johnslat]

Dear Tensne1,
Actually, there's an edit button for all the posts you make.
Regards,
John

[veiledsentiments]

It's in the upper right hand corner of your post. The button says "edit"

VS

[adorabilly]

The problem now isn't in finding those houses that are down 60 to 75% of their value from 3 years ago.

It is in getting a homeloan to let you go out and buy one. You need pristine credit these days to get any type of loan. So while there is lots of property worth inventing in now, not many people can get those loans.

[denise]

[canadashirleyblue]

If you are planning to retire in Canada you need to go to the Canadian government website and read very carefully the section about getting the old age pension.

There are special rules for people born before 1952!!!!!!!

Normally you have to spend most of your working life in Canada to get the full pension but if you were born before '52 that doesn't apply. There is a formula depending on how many years you have life there and when they were that will let you figure out exactly when you have to return (if you want the FULL pension). For me I will have to return one year before I collect the old age pension.

[gungediana]

an interesting subject close to my heart

the reason why I want to do an MA TESOL and go work in the Middle East is to save money to retire on

having looked at it, I think real estate is the way to go

I want to buy property in the UK, rent it out and then be able to live and travel on that money

I reckon I'll need two properties, apartments costing �60-80,000 which I hope should give me an income of about �10,000 a year after tax

As many of you know in many western countries, (mine included) there is a huge pension shortfall. In other words the state is using the pension contributions revenue to pay the state pension instead of investing it for the future. So in the future the state will have to find a way to make up this huge shortfall. I don't trust the British government to give me an adequate pension. That's why I'm doing it all myself.

[Splitting Hairs]

Don't retire, keep working and so no need for a retirement plan.