Retirement n/g | Page 3 | Vital Football

Retirement n/g

shotshy said:
Have a target age in mind and prepare for it.
I was fortunate enough to pay my mortgage off at 50 so continued to pay a good proportion of it into an investment fund.
It soon mounts up.
I was also able to help the kids with a house deposit.
Then transfer into ISAs as soon as you can.
You can do £20k each a year.
You do have to cut your cloth a bit after you call it a day, but we have pretty much what we need and as long as I don’t start buying Porches or something, we’ll be fine.
Click to expand...

I’ve done (touch wood) reasonably well with property so that’s going to be my primary source of income when I hang up my broking shoes.

Spent a fair bit of Porsches and tbf if you know what you’re doing you can often get out even - free motoring (sort of) 😂
 
Defenestrator said:
Agree with most of that. Every Monday I walk (not fast though) 2.4 miles to the "local" Sainsbury's, do a bit of shopping and then walk back. No stopping at the café either. Can't stand gardening, so I'm in the process of building a Scalextric track in one of the bedrooms 🏎️
Click to expand...

Post a photo of your scalextric when you’ve finished please mate, LOVED IT when I was a child. Always wanted a proper track rather than one you had to put up/ take down
 
Hampshiregills said:
I too retired early, and have never regretted a moment of it. It does however annoy me when people refer to the triple lock as benefiting ''greedy pensioners''. My own state retirement pension will rise by almost £12 a week next month. By contrast, MP's will receive a £90 weekly increase later this year.
Click to expand...

Divide and rule.
 
I reach 66 soon but my wife in a few years younger.We are not in a position for her to retire and I am certain she would not want to anyway.So with my arthritis I have long since decided to carry on as long as I am able.Although I will go part time.I have already passed into my 49th year of full time working.Apart from a few very brief periods it has been continuous.
Retirement now would leave me too isolated.
 
chris who said:
I reach 66 soon but my wife in a few years younger.We are not in a position for her to retire and I am certain she would not want to anyway.So with my arthritis I have long since decided to carry on as long as I am able.Although I will go part time.I have already passed into my 49th year of full time working.Apart from a few very brief periods it has been continuous.
Retirement now would leave me too isolated.
Click to expand...
A lot of people don’t miss the work on retiring but they miss their work colleagues good or bad.
 
Thank you all for your replies.

I rang DWP. As long as i am not claiming any bnefits they don't need to now what i am doing. They confirmed i have already qualified for the full state pension when i retire at 67 (currently).

I worked out we can live on the money we have in the bank for 14 years but we will be getting state pension and other private/company pensions at that point.

I used to have isas but stopped when the rates were better elsewhere. That will need to be looked into.

We are currently getting all the work done in the house and garden and will pay for a battery for my solar panels and get a plug-in-hybrid in november when my 14 year old diesel car's MOT expires. About £40 - 50k to make good everything.

We are trying to set-up for the future in a 6 month period before xmas.

Then we will know how much money will be left over.

I might take something part time but i'm getting more agrophobic as i get older and i just like being at home with family.

As an employee i've got more and more frustrated with people telling me what to do. I took a job recently and was told i would have to work full-time for a month (training period) but the truth was it was at least 6 months so i left after 4 weeks.

I've not worked full time for over 5 years and i didn't really enjoy working full-time.
 
markinkent said:
I have an above ground wooden Octagonal one - absolute money pit ;-) . Don't tell Tarian but I built a wood fired hot tub as well - never going to sell the house now ;-)
Click to expand...
We have an above ground pool.
Cost around £400 15 years ago.
Used roughly ever other summer (British Weather !!)

The only thing that might provide curiousity for a buyer is the circular flat area within a slight slope !

The neighbours have a hot tub under a shelter.
Not sure they use it more than twice a year !!!
 
wxgill said:
As an employee i've got more and more frustrated with people telling me what to do. I took a job recently and was told i would have to work full-time for a month (training period) but the truth was it was at least 6 months so i left after 4 weeks.

I've not worked full time for over 5 years and i didn't really enjoy working full-time.
Click to expand...
Know where you are coming from. I never minded having a younger boss and some were OK but you also got a lot that clearly relish the power over people older than them who have forgotten more than they have yet learned. Experience and technical skill just treated with distain and no respect.

My dad used to know how to deal with that type by ultimately suggesting an orifice in which they could place their job, but I settled for a long term career where I would have sacrificed a lot if I did that.
 
GillsBluenose said:
Know where you are coming from. I never minded having a younger boss and some were OK but you also got a lot that clearly relish the power over people older than them who have forgotten more than they have yet learned. Experience and technical skill just treated with distain and no respect.

My dad used to know how to deal with that type by ultimately suggesting an orifice in which they could place their job, but I settled for a long term career where I would have sacrificed a lot if I did that.
Click to expand...
"relish the power over people"
Sure, there are some like that.
How did they cope with their subordinates WFH ?

"Experience and technical skill just treated with disdain and no respect."
Some perhaps.
But I fear that a lot of such "training" is box-ticking.
Can be 90% a waste of time for experienced oldies.
 
Tarian said:
"relish the power over people"
Sure, there are some like that.
How did they cope with their subordinates WFH ?
"Experience and technical skill just treated with disdain and no respect."
Some perhaps.
But I fear that a lot of such "training" is box-ticking.
Can be 90% a waste of time for experienced oldies.
Click to expand...
I don't deny that, and I did say it was only some. I was long gone before they worked from home.

By the time I was made redundant, the Bank I worked for were into simplification and volume, reducing everything to "processes" and procedures to be repeated in exactly the same way every time ad nauseum, with those yes/no type flow charts, removing any mental stimulation. They outsourced anything requiring specialisation and their share price has been below 50p most of the time since so the main perk of share options would have been valueless.

To be fair, that approach ultimately meant they only needed a volume of inexperienced workers, agency staff and call centre people so I was fortunate to be offered a way out.
 
Suffolk Gills said:
I remember reading an article about the long term benefits of fast walking. For most people it's a simple, achievable, highly effective way to keep fit. Sounds too good to be true? Apparently not.
Click to expand...
I used to do a lot of long-distance running to improve stamina for local footie, until I found out that the damage caused to my joints could be very serious. The medical department where I worked started "walking for wellness". Unfortunately I got into the habit of walking too fast at other times, which pissed-off a lot of people.
 
SE1_Gills said:
Post a photo of your scalextric when you’ve finished please mate, LOVED IT when I was a child. Always wanted a proper track rather than one you had to put up/ take down
Click to expand...
Certainly will. But don't expect it any time soon 🙄

I still want the room to house a double bed so the track is a "double decker" along 2 of the walls. Getting the turn/inclines correct so that the cars could go round the corners a each end and not come off the tracks was much more difficult than I imagined 😁. The track supports are also temporary as I can't fix the exact position until I've got a lap counter which is also a problem of space/position.

Then I've got to make the landscaping 🤷
 
wxgill said:
As an employee i've got more and more frustrated with people telling me what to do. I took a job recently and was told i would have to work full-time for a month (training period) but the truth was it was at least 6 months so i left after 4 weeks.

I've not worked full time for over 5 years and i didn't really enjoy working full-time.
Click to expand...

I'm terrible at being told what to do and have worked for myself since I was 27. The struggle with being told what to do also extends at home!
 
I've got more than five years to go to get my state pension but get a free bus pass as I'm over sixty. This also gives me half price train fares and a blanket charge of £1.50 return anywhere within a ten mile radius. This ensures that much travelling occurs on my days off.
 
Whisky Gill said:
I've got more than five years to go to get my state pension but get a free bus pass as I'm over sixty. This also gives me half price train fares and a blanket charge of £1.50 return anywhere within a ten mile radius. This ensures that much travelling occurs on my days off.
Click to expand...
Assume that`s a Scottish privilege ? I believe Greater London has a similar offering. But, elsewhere in England, I believe that bus pass entitlement is linked to State Pension age.

Anyhow, good for you. Public transport is generally crap in the UK and requires a huge upturn. A retired non-driving person living in a more rural community is pretty much marooned. So the previous advice about exercise and running may be a good tip for getting the shopping done ;)
 
You must log in or register to reply here.