17-12-13, 11:15 PM
(17-12-13, 10:04 PM)ddtwelve link Wrote:Hi all ive got 3 pensions that been frozen 6 years ago and at the moment they are totaling just over £11000 should I withdraw and use the money to pay off debts or get a company to invest it in stocks and shares ??If you can withdraw them I would put them into premium bonds you never know there is always the chance of the a decent price, also you can with draw the money at any time. I would not trust ANYONE to look after my money, at least your bonds are safe.
If you are managing your debts okay live with it unless it is WONGA .com. There is always the possibility once clear of debt you may be tempted to do something daft. Would £11k be life changing for you?
Just my opinion but every financial adviser I have ever met is really only interested in what he can cream off.
Lew
MT-09 Tracer for those who no longer can handle a BIG boy Fazer