What do you think it will be like for you.......Retirement

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Hellerad said:
Statistically I won't live to retirement age.

So I'm living below my means and investing everything I can. Five year plan to transition part of that growth into a business venture by 36. Hopefully I can can a step back and have more time for travel by 50.

Just have to pitch my start up to @The Esk , expand the business model, and by 55 we'll be majority shareholders in Everton.

I'll die at 64 sitting in the newly built Hellerad End as we win the double over recently relegated Liverpool in the FA Cup final.
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Waits for pm.........
 

Toast said:
My current employer pension has been totally changed recently, I've no idea what it involves, but there was an option of doing nothing on the form and stuff happens automatically, so I obviously chose that option.

I receive a military pension already, for being a hero like, great thread, And that is index linked so increases nicely as a rule.

Seeing how relatives have recently had to sell houses paid for over their lifetimes to pay for healthcare, whereas folk who have nothing get it paid for by the state seems very wrong like, as the property was supposed to be like a pension / inheritance.
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This is what real riles me, old age care provision.

My arl man who is a tight get, has saved all his life and gone without, paid his mortgage off early etc, will have to pay for his healthcare and my mars should they need care, thereby eating / wiping out all he worked hard and saved for.

Where as my feckless parasitic inlaws who own nothing, drink heavily, always on holiday , will have their health care paid for by the state, in other words us the tax payer.

Who are the fools !
 

Woolly Blue said:
I know someone who got a redundancy package in his late 40's, sold up in the UK and upped sticks to live in Thailand to semi-retire and run a guest house. Him and his missus are happy as pigs in the brown stuff.
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My missus uncle moved there following the death of his wife and saw out the rest of his days there very happily with a load of ex pat mates.

Quite sad really as his family semi disowned him as they thought it was seedy and dishonoured the memory of their mum. The reality was that he was terribly lonely, never stopped grieving for his missus and being with his mates in Thailand helped him measurably .
 
Took early retirement from teaching history at Secondary school 4 years ago - done that for 15 years in the same school- aged 56. At the time I thought 'that's it I'm finished with work'. But having no particular hobby, tried to learn Spanish but I got frustrated and after reading most of the books I wanted to read but never had the time to, I got bored after 6 months. So went and got a job as a PA for a disabled man and started work in a care home for disabled people as a bank care worker. I had to give up the PA after 3 years but continue to work in the care home.

I work when I want, and save up and have ventured around Europe, mostly during week days, to various places I've wanted to go to. The wife works away - as a primary teacher - from Monday to Friday, and did this to live with her mum who was going through a bad time. When I don't go away, I would go over and take her out and spend a few days there. My wife is not planning to retire for a few years and when she does we will rent our house out and go live in different places around the country and spend time with friends. Of course, that plan would definitely change when our kids have kids of their own and then we would like to be around to help look after them.

But still want to see parts of the world I've never been to. Watching the Ashes on Boxing days at MCG would be nice.
 
hullefc said:
Took early retirement from teaching history at Secondary school 4 years ago - done that for 15 years in the same school- aged 56. At the time I thought 'that's it I'm finished with work'. But having no particular hobby, tried to learn Spanish but I got frustrated and after reading most of the books I wanted to read but never had the time to, I got bored after 6 months. So went and got a job as a PA for a disabled man and started work in a care home for disabled people as a bank care worker. I had to give up the PA after 3 years but continue to work in the care home.

I work when I want, and save up and have ventured around Europe, mostly during week days, to various places I've wanted to go to. The wife works away - as a primary teacher - from Monday to Friday, and did this to live with her mum who was going through a bad time. When I don't go away, I would go over and take her out and spend a few days there. My wife is not planning to retire for a few years and when she does we will rent our house out and go live in different places around the country and spend time with friends. Of course, that plan would definitely change when our kids have kids of their own and then we would like to be around to help look after them.

But still want to see parts of the world I've never been to. Watching the Ashes on Boxing days at MCG would be nice.
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Spot on, keeping yourself occupied and stimulated is the key to a happy retirement ;)
 
hullefc said:
Took early retirement from teaching history at Secondary school 4 years ago - done that for 15 years in the same school- aged 56. At the time I thought 'that's it I'm finished with work'. But having no particular hobby, tried to learn Spanish but I got frustrated and after reading most of the books I wanted to read but never had the time to, I got bored after 6 months. So went and got a job as a PA for a disabled man and started work in a care home for disabled people as a bank care worker. I had to give up the PA after 3 years but continue to work in the care home.

I work when I want, and save up and have ventured around Europe, mostly during week days, to various places I've wanted to go to. The wife works away - as a primary teacher - from Monday to Friday, and did this to live with her mum who was going through a bad time. When I don't go away, I would go over and take her out and spend a few days there. My wife is not planning to retire for a few years and when she does we will rent our house out and go live in different places around the country and spend time with friends. Of course, that plan would definitely change when our kids have kids of their own and then we would like to be around to help look after them.

But still want to see parts of the world I've never been to. Watching the Ashes on Boxing days at MCG would be nice.
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That is what I will do, kind of. In 4 years, I wont have to work, but I still will. Maybe step down from 6 paid days a week to 3, and do some other stuff. House, garden, charity stuff.

I am very lucky that I will be able to make that decision mind.
 

roydo said:
That is what I will do, kind of. In 4 years, I wont have to work, but I still will. Maybe step down from 6 paid days a week to 3, and do some other stuff. House, garden, charity stuff.

I am very lucky that I will be able to make that decision mind.
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That's where the planning and prep comes in. It amazes me that people spend 30 - 40 yrs working and then just stop overnight with no plans whatsoever as to what they are going to do !
 
Play loads of golf, it's a shame you only get to play more when your body is past it mind. Great thread this btw. Seems retiring is a bit like when you leave school, you spend all your school life wishing you weren't there and then realise how great is was messing about with your mates all day after you leave.
 
Tigger said:
Play loads of golf, it's a shame you only get to play more when your body is past it mind. Great thread this btw. Seems retiring is a bit like when you leave school, you spend all your school life wishing you weren't there and then realise how great is was messing about with your mates all day after you leave.
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Great comparison !
 
roydo said:
That is what I will do, kind of. In 4 years, I wont have to work, but I still will. Maybe step down from 6 paid days a week to 3, and do some other stuff. House, garden, charity stuff.

I am very lucky that I will be able to make that decision mind.
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This is where I am now, and it's ace.

Ten years ago, after a couple of weeks off over Christmas, I was actually quite glad to get back to a work environment and, to use a bingo phrase, the "challenge" of whatever tf it is I get paid for, but, more and more, the simple stuff is way more appealing.

You're spot on about being lucky and havingthe choice, many don't have that choice now and even less will have it going forward. Ah well, I'll try not to feel too guilty :oops:
 

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