Early-retirement wannabe

justme111

you do not have to - yu have a choice - go to emrgency clinic and have the tooth extracted. When you think about the level of craftsmanship and precision and stress the job demands - working in a wet hole which is a mouth on a small oobject in yet another hole and so on to the level of sometimes hairline thickness root canals - it may be easier not to resent the money. Regrettably it is not even because of that that dentistry is not cheaper. It is in a big part becase of exponential increase of outgoing for the dentist - rules and regulations and so on. One usually has to pay 5 k a year just fir the right to work, then practice has to pay a zillion of things. Dentistry is a cash cow for anyone, they even have bogus emails letters and phone calls demanding money for some invented registration or subscription and many pay just becase it would have taken too much effort in trying to find out what exactly official body demands it and whether they indeed have to.
Going back to choice - you do not have to insist on second opinion. you get consultation, pay, say you will book an appointment for treatment later, go and have a consultation with another dentist.
One more thing to note - healthy teeth do not require money spent on them. so resenting that money is like throwing food on your carpet then resentin a builder for charging you to change it.

gfplux

It is good to hear so many sensible "teeth" story's.
Health is not off topic in a retirement thread as it "can" cost.
My original point was to have a line in the spread sheet for health.
Just like many savings products money spent early can save money in the end and more importantly will be less painful.

OldMusicGuy

ams25 wrote: »

I'd advise caution here. Implants are not available on the NHS (except in exceptional circumstances).

That's why I got it done now. My dentist has been bugging me for 5 years to get the work redone and I said why bother because I knew it would be expensive and it wasn't troubling me. But I decided to bite the bullet (pun intended!) and get it done now while I can afford it. My dental health is excellent now (after many years of private treatment) so I'll happily let the NHS folks tend and inspect them once retired.

Terron

DancingBadger wrote: »

I know we’re in O/T territory discussing dentists, but how do you fund your private dental treatment? Bank account? Denplan? BUPA?

16k from the bank account, but I was lucky that my job starting offering dental cover just before the final payment of £2,000.

badmemory

OldMusicGuy wrote: »

That's why I got it done now. My dentist has been bugging me for 5 years to get the work redone and I said why bother because I knew it would be expensive and it wasn't troubling me. But I decided to bite the bullet (pun intended!) and get it done now while I can afford it. My dental health is excellent now (after many years of private treatment) so I'll happily let the NHS folks tend and inspect them once retired.

Have you found an NHS dentist? Many are no longer taking on new clients. When I lived in High Wycombe 30 years ago they were no longer accepting NHS clients other than children (and that was reluctantly & looking forward to the ultra profitable years). Even my current dentists who do accept NHS have a 2 strikes (missed appointments) & you're out policy.

robdogg11

An interesting read.

I recently had a pay rise so started to look into paying more than the minimums into my pension which in turn got me thinking about early retirement.

I'm 31 now, we recently purchased our first property with a modest mortgage. I've calculated that even with small over payments (£100 a month) I can get it down to 18 years which would put me at around 50 years of age. My initial thinking was then to plough mortgage payments into savings for 5 years and retire at 55 with a reasonable pile of cash and a half decent pension (if I start upping my contributions now) to see me through.

I'm struggling to calculate the finer details and commit to a plan though, I have a young family and the house we are in will probably be too small in 10 years time as the kids get older so it just feels as though there are too many variables along the road to be able to say I will definitely retire at 55.

I think i will just up my contributions and start overpaying the mortgage and see where I am in 5 years time.

Anonymous101

robdogg11 wrote: »

An interesting read.

I recently had a pay rise so started to look into paying more than the minimums into my pension which in turn got me thinking about early retirement.

I'm 31 now, we recently purchased our first property with a modest mortgage. I've calculated that even with small over payments (£100 a month) I can get it down to 18 years which would put me at around 50 years of age. My initial thinking was then to plough mortgage payments into savings for 5 years and retire at 55 with a reasonable pile of cash and a half decent pension (if I start upping my contributions now) to see me through.

I'm struggling to calculate the finer details and commit to a plan though, I have a young family and the house we are in will probably be too small in 10 years time as the kids get older so it just feels as though there are too many variables along the road to be able to say I will definitely retire at 55.

I think i will just up my contributions and start overpaying the mortgage and see where I am in 5 years time.

I started thinking the way you do around 2-3 years ago.
I'm 36 now and my initial retire at 55 idea became a retire at 50 and more recently a retire at 48 plan. Hopefully I can get this down another couple of years so that in 10 years time I can choose what I would like to do for work and the money doesn't matter.

I hate to call it the F.I.R.E. community as some people do but once I'd found the information which they use I was totally switched onto my own version of that. Its certainly gone from strength to strength for me which is something I've read happens to others too.

penwise

Who are the F.I.R.E. Community ?

SuperSecretSquirrel

penwise wrote: »

Who are the F.I.R.E. Community ?

It's a bit of a forced acronym - financial independence / retire early. Pop that into your search engine of choice to find a whole lot of blogs and forums discussing the topic. Some better than others!

IanSt

robdogg11 wrote: »

I'm struggling to calculate the finer details and commit to a plan though, I have a young family and the house we are in will probably be too small in 10 years time as the kids get older so it just feels as though there are too many variables along the road to be able to say I will definitely retire at 55.

I think i will just up my contributions and start overpaying the mortgage and see where I am in 5 years time.

I don't know what type of job you have but i found a good way for myself was to move the majority of any salary increases or bonuses immediately across into investment based savings. It helps to stop you from just spending your increases on new things and it makes it a lot easier to retire if your pension pot has less expenditure that it will need to cover.