Early-retirement wannabe
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:rotfl: Another one here who was deluded :rotfl:. I only had to give three months notice and gave it a few days before Christmas, thinking it would give my boss plenty time to mull over what to do while we were off. (Nothing at all to do with thinking I might as well have the ten days we had off at Christmas as part of my notice period. Deary me, no, not at allI innocently thought that the New Year would bring like gadgetmind a smooth transitional handover of what I already was managing! Silly me!
). Obviously he finally woke up to the reality around a week before I went. Bit too late old chap, I'm outta here 
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GM I've a friend who also ended a 30 year career in somewhat acrimonious circumstances. A year down the line he's managed to forget that and remember the good times - here's hoping you can do the same.A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
Mortgage Balance = £0
"Do what others won't early in life so you can do what others can't later in life"0 -
gadgetmind wrote: »My immediate manager and myself have been advised not to talk to each other until this is sorted! I feel sorry for the layer of managers beneath me who'll now be reporting direct.
How can you run a company effectively w/o talking to each other? Madness.0 -
How can you run a company effectively w/o talking to each other? Madness.
Well, we're on different continents, so weren't exactly working together in close quarters anyway. Oh, and advice is from a lawyer!I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
What a fun week reading all 186 pages!
You know, work is a funny thing. There was a spell at my job when I hated going in because of the way I was treated by management. I wanted to get out then, but I was too young.
Fast forward and things have changed. I love my job now. They finally put me in the role that I said I am best at which means they are happy with my work and I'm happy doing it. Because I have mastered what I do, the work is easy (other people say it isn't, but It's easy for me), the hours are good and I most of all enjoy the banter and team spirit of the office. I worked Christmas day this year (as I do every year, as I volunteer to do it) and work was the best part of the day.
So I'm happy to stay up in my job for the foreseeable (I'm 49) but I am also aware that things can change rather rapidly. Which is why I am concentrating on saving into my pension. I'll be ready to go (financially) at 60, but if things should go horrible from 55, I'll have options.0 -
if things should go horrible from 55, I'll have options.
That's by far the best attitude!I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Like gadgetmind said, an excellent plan. I think having the option to go after 55 makes sense, I would not want to work past 60 because the years become more precious the fewer of them you have left.So I'm happy to stay up in my job for the foreseeable (I'm 49) but I am also aware that things can change rather rapidly. Which is why I am concentrating on saving into my pension. I'll be ready to go (financially) at 60, but if things should go horrible from 55, I'll have options.0 -
Well, back into work today after using up all my remaining 2017 holiday and it's exactly 8 weeks to go until retirement. Been running the numbers on my spreadsheet and it's hard to see how we would face major issues unless the world goes to hell in a handbasket, but after 40 continuous years of well-paid work it is a bit nerve-wracking facing the reality of not having a big paycheque coming in every month. Just two pay days left to go.....
However, I won't be backtracking. Still going to retire (aged 60) on Feb 28th. Anyone else get twitchy in the run up to retirement?0 -
Current estimates for my total pot size (assuming no crash in the mean time) are:-
£410k this year - 55
£415k 2019
£440k 2020
The current year also includes a figure for potential redundancy. I'd only consider going this year if I was actually made redundant
o/s mortgage as at 2020 £79k - when fixed rate expires.
DB Pensions:-
Me
60 £5k index linked up until payment starts
67 £8k SP
Wife - 48 this year
60 £9k index linked
67 £5k index linked
67 £8k SP
She is currently working, has no plans for leaving yet, but would like to drop a day (currently 5 days a week).
Net take home £1,500 a month.
Throwing these figures into various calculators and spreadsheets give us a starting income from my pension from around £20k up to £30k.0 -
OldMusicGuy wrote: »However, I won't be backtracking. Still going to retire (aged 60) on Feb 28th. Anyone else get twitchy in the run up to retirement?
Yes. It's a big step giving up that income. I procrastinated about it for a good couple of years, running numbers through numerous spreadsheets. I realised I was falling into JOMY syndrome!
7 months in now, no regrets. Still saving and investing small amounts each month, and so far our net worth has increased rather than the opposite. Early days, I know, but I have no regrets and as I said to one of my ex-colleagues just before Christmas, "I wouldn't go back now if they offered to double my salary".0 -
Fast forward and things have changed. I love my job now. They finally put me in the role that I said I am best at which means they are happy with my work and I'm happy doing it. Because I have mastered what I do, the work is easy (other people say it isn't, but It's easy for me), the hours are good and I most of all enjoy the banter and team spirit of the office. I worked Christmas day this year (as I do every year, as I volunteer to do it) and work was the best part of the day.
So I'm happy to stay up in my job for the foreseeable (I'm 49) but I am also aware that things can change rather rapidly. Which is why I am concentrating on saving into my pension. I'll be ready to go (financially) at 60, but if things should go horrible from 55, I'll have options.
I'm in a very similar position to you. Really enjoy my job, work with a great team in an office environment where people regularly stroll up to each-other's desks just for a chat and its totally accepted (and practiced!) by management. I find my work easy to do even though it is considered very technical and specialist by others.
Right now I'm happy to stay, so much so that just this afternoon I declined even hearing more details from a recruiter who contacted offering a higher salary. However for me the important thing is to have a plan and the option to leave should I wish to in the future rather than knowing I'll be stuck working right up until (or beyond) state pension age. You never know when your company might crash or a new manager you hate comes along forcing you to endure rather than enjoying work.0
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