Early-retirement wannabe

Marine_life

jamesd wrote: »

What will you be able to do that you can't do now if you took the job? You know it'll cost you retirement time so that cost is there, what's the benefit?

Its a good challenge.

We've made some financial mistakes in our life but having had a decent income we've always been able to "buy" our way out of those situations. So it provides comfort against the unknown and add significant flexibility if we decide we need / want a major expense (e.g. move house etc). But that's not really a big driver.

Marine_life

Goldiegirl wrote: »

I'll be gobsmacked if you retire this side of 2025 - in fact I'd eat my hat if you do!:rotfl:

I hope you have good teeth ;-)

chucknorris

seven-day-weekend wrote: »

My firm advice is....do it while you can because you may not be able to otherwise.

A friend of ours died suddenly at 62....but he'd had his three years of living in the sun in Portugal.

Another friend died at 59, three weeks after being diagnosed with cancer - he never had a chance to retire to the country, which was his dream.

Do it while you can, you may not get another chance.

I've just informed my employer that I have changed my mind and that I will be retiring this December.

melanzana

BarryBlue wrote: »

Whereabouts are you going? We have been several times and love the area. In fact, we were in Bilbao a couple of weeks ago, fabulous city. If you are there try and see the Vizcaya Zubis, the Transporter Bridge, it is an amazing structure.

We especially liked San Sebastian, where we stayed a few years ago. Great culture there and excellent food. We used the Basque train service a couple of times, the blue trains. We flew into Santander and out of Biarritz so did have to use the local transport.

Don't expect them to speak Spanish though, although most do understand it. Have a great time!

Hi Barry,

Will be flying into Bilbao, stay for a couple of days to see Guggenheim and all the sights. Then move on to San Sebastian for four days, then on to Bayonne for four days, it looks gorgeous. Plan on going to St. Jean de Pied de Port from Bayonne, which is the start of the Camino de Santiago. Will walk a few miles, but not registering or anything. Just to say we've been there!

The bus from Bayonne to Biarritz airport is €1 and stops around the corner from where we are staying.

Glad you enjoyed it, am looking forward to it. Thanks.

greenglide

One spends years carefully accumulating a "get stuffed" fund, and then the employer spins on his heels and offers a "sod off" bonus.

A couple of weeks ago I applied for a ticket in my employer's latest voluntary redundancy offer. Amazingly I won so instead of "retiring" at the end of August, which had been my plan (but my employer did not know this) I am now being made redundant at the end of July complete with 45 weeks pay (largely tax free) and three months pay in lieu of notice.

It would be churlish not to accept!

And reaching age 65 doesn't disqualify you from these offers any more. Quite pleased:-)

saver861

greenglide wrote: »

A couple of weeks ago I applied for a ticket in my employer's latest voluntary redundancy offer. Amazingly I won so instead of "retiring" at the end of August, which had been my plan (but my employer did not know this) I am now being made redundant at the end of July complete with 45 weeks pay (largely tax free) and three months pay in lieu of notice.

It would be churlish not to accept!

And reaching age 65 doesn't disqualify you from these offers any more. Quite pleased:-)

Now that sounds like a winning ticket!

It ain't over till the fat lady sings of course but without hitches you are home and dry!

greenglide

It ain't over till the fat lady sings of course but without hitches you are home and dry!

I have a signed acceptance of my acceptance of the terms so they can't get out of it.

I see no circumstances under which I would be stupid enough to reverse this and there is no way the employer would want to.

The fat lady has sung, so far is I am concerned!

saver861

greenglide wrote: »

I have a signed acceptance of my acceptance of the terms so they can't get out of it.

Usually in these situations there is some form of clause or other that suggests the employer can reverse the decision depending on any new factors that arise.

Invariably it goes through as planned but there are the odd exceptions.

I recall a few years ago reading something about the devolved government in Northern Ireland being fined a significant sum of money for violating some policy or other. In an attempt to make up some of the losses, one of the consequences was that several who had agreed redundancy terms had them withdrawn very late in the day. http://www.belfasttelegraph.co.uk/news/education/teacher-fury-as-those-given-redundancy-now-told-they-must-stay-on-30381152.html

greenglide wrote: »

The fat lady has sung, so far is I am concerned!

Very likely indeed. Get to the 1st of August and then you will know she definitely has sung!

atush

greenglide wrote: »

A couple of weeks ago I applied for a ticket in my employer's latest voluntary redundancy offer. Amazingly I won so instead of "retiring" at the end of August, which had been my plan (but my employer did not know this) I am now being made redundant at the end of July complete with 45 weeks pay (largely tax free) and three months pay in lieu of notice.

It would be churlish not to accept!

And reaching age 65 doesn't disqualify you from these offers any more. Quite pleased:-)

You lucky clever little working stiff lol.

Well done on your retirement jackpot :T

uk1

greenglide wrote: »

A couple of weeks ago I applied for a ticket in my employer's latest voluntary redundancy offer. Amazingly I won so instead of "retiring" at the end of August, which had been my plan (but my employer did not know this) I am now being made redundant at the end of July complete with 45 weeks pay (largely tax free) and three months pay in lieu of notice.

It would be churlish not to accept!

And reaching age 65 doesn't disqualify you from these offers any more. Quite pleased:-)

Well done. Lovely to read of someone "beating the system" and what I envy almost as much is not just all that extra cash, but the opportunity you have to savour that moment of good fortune over many glasses of wine in the future.

I do so hope you use a lot of that "unexpected" cash for pure enjoyment. Do tell us if you do.



Jeff