Early-retirement wannabe

mark55man

Just think - if the worst happened could you return to work (either like for like, consultancy or something different) after 3-4 years (once you realised you were falling under your safety net). If so then you should go now - you won't get those months back


Which is worse - to die having not spent it all - or to spend it all before you die (Bit stark as there are always way to smooth it out)

madeinireland_2

There is no way I could get a job similar to the one I have now that pays anywhere near the same - but I suspect I would not need that and I could probably get some sort of job that would do me.

I think I have enough for me and the wife but of course the main concern is kids and the wish to leave them something to make their life easier.

You are probably right I should go but I'm too much of a worrier...I wish I wasn't

soperman

Steve Webb is set to begin a radio ''soapbox'' tour on the Jeremy Vine show today and it should be an interesting listen. Concerns are increasingly being raised about DIY retirement planning once the new pension flexibility kicks in next April.

In addition to promoting the advantages of the new pension rules, it will be interesting to see if Webb also mentions the potential pitfalls of stripping out a pension fund early, the potential tax consequences and indeed the daily fines for getting it wrong.

Unfortunately, I will miss the show live as for my sins I am in pension strategy meetings both today and tomorrow. However, I will download the podcast and post a blog on the RetireEasy website about the broadcast later today or tomorrow.

Bootsox

soperman wrote: »

Steve Webb is set to begin a radio ''soapbox'' tour on the Jeremy Vine show today and it should be an interesting listen. Concerns are increasingly being raised about DIY retirement planning once the new pension flexibility kicks in next April.

In addition to promoting the advantages of the new pension rules, it will be interesting to see if Webb also mentions the potential pitfalls of stripping out a pension fund early, the potential tax consequences and indeed the daily fines for getting it wrong.

Unfortunately, I will miss the show live as for my sins I am in pension strategy meetings both today and tomorrow. However, I will download the podcast and post a blog on the RetireEasy website about the broadcast later today or tomorrow.

The only people worried about the new rules are the vested interests in the pension industry.

Obviously they are belatedly trying to whip up hysteria to get the new rules diluted in some way.

kidmugsy

Bootsox wrote: »

The only people worried about the new rules are the vested interests in the pension industry.

Not so; I'm worried about them. For us they're good news. But some other people will draw all their pension money, blew the lot, and become !!!!!!!!!!s on the taxpayers. Which for us is bad news.

The chances of the State having the backbone to deny doles to people who've piddled away all their money is nil.

kidmugsy

Ah, the company censor doesn't like a word implying that some people will choose to live at the expense of others. Would it mind "parasites"?

Apparently no objection. What a stupid censor.

Thrugelmir

madeinireland wrote: »

Anyone else feel trapped like that ? Lets just hang on a few months for that next bonus etc.

Find a job you enjoy. Drop a few levels back down the ladder. It's enormous fun! Pass your knowledge and experience onto the next generation. While exposing the weaker management links.

Bootsox

The old rules, i.e. insisting people buy a poor value annuity, treated people like imbeciles.

Marine_life

I am certainly enjoying the time off so far ;-)


Hope you are all following my blog


http://adventuresinaustria.com/blog/


The website isn't perfect yet but I'm managing to post a daily update!

Karmacat

Thanks for the linkie, Marine Life