Early-retirement wannabe

crv1963

DairyQueen wrote: »

Both statements are probably true. It's a battle between heart and head. She sounds like a good'un to me.

Hi DQ it is a battle, last week I was all prepared to change to a less happy role, now I'm not so sure. I'm going to sleep on it for a month or so, see how the commute goes over the depths of winter.

Every month builds the DB pension, already given the winter chill and winter rain/ sleet my journey time has increased from 1 hour 50 min to 2 hours 20 min. That extra 30 min after a 12.5 hour shift does make a difference!

I have said to Mrs CRV anytime she wants me to change jobs I will but I suspect she also looks at my enjoying my work and the reduced stress/ increased income as important- even if the increased income is used for the commute lodgings the value on the pension is for life.

Marine_life

crv1963 wrote: »

My indecision is not helped by Mrs CRV also changing her mind, on the one hand I get told she'd prefer me home each night and not staying away and on the other I get told "You really like this job and have a good plan for our long term future income, I think I can bear to have you away so we can do things together when you/ we retire in a couple of years!"

Thats pretty much the place we are in. It definitely was not working when I was 5 days a week but 3 days has really changed the game and although I am earning less that I was, the additional flexibility more than makes up for that. I've actually become quite detached from the team I used to work with so the emotional attachment to 'the cubicle' has now pretty much gone to the extent that I'm almost not sure I will go back after Christmas. Lets see.

atush

My OH is going down to 4 days a week sometime next year. But he will most likely work 5 and bank the extra days for longer holidays.

crv1963

I'm down to working the same number of hours, but over 13 shifts per month rather than 20 days per month. That extra 7 days per month off makes a big difference.

DairyQueen

crv1963 wrote: »

Hi DQ it is a battle, last week I was all prepared to change to a less happy role, now I'm not so sure. I'm going to sleep on it for a month or so, see how the commute goes over the depths of winter.

Every month builds the DB pension, already given the winter chill and winter rain/ sleet my journey time has increased from 1 hour 50 min to 2 hours 20 min. That extra 30 min after a 12.5 hour shift does make a difference!

I have said to Mrs CRV anytime she wants me to change jobs I will but I suspect she also looks at my enjoying my work and the reduced stress/ increased income as important- even if the increased income is used for the commute lodgings the value on the pension is for life.

True re: extra income for life. Only you two can decide on where the balance lies between the tension of continuing your current working schedule to build that future inflation-proofed income and the lure of retirement.

Good luck with whatever you decide - just don't leave it too long.

Marine_life

Here's a little retirement spending shock for you.

I had to have a tooth out last week - totally beyond repair. No chance of anything under the NHS (as it's deemed a cosmetic issue) so the likely course of action is a (private) tooth implant (one tooth). Looking around it seems like all in cost is somewhere between £2,000 and £3,000!

That certainly is not in the retirement budget.

What's your retirement shock?

michaels

Marine_life wrote: »

Here's a little retirement spending shock for you.

I had to have a tooth out last week - totally beyond repair. No chance of anything under the NHS (as it's deemed a cosmetic issue) so the likely course of action is a (private) tooth implant (one tooth). Looking around it seems like all in cost is somewhere between £2,000 and £3,000!

That certainly is not in the retirement budget.

What's your retirement shock?

Can't you goto SA for 3 weeks and have it done there and get a 3 week holiday for free?

I'm able to work 3.5 days a week and i see it as taking my retirement part time early, to get the same retirement income I will have to work a year longer but will have saved 2 years of days before I retire so an overall win by shifting my earnings over more tax years.

westv

An implant should last the rest of your life so £2- £3k isn't that bad really. Is it worth waiting to see if any others might need doing so you can get a bulk discount?

justme111

Marine_life wrote: »

That certainly is not in the retirement budget.

What's your retirement shock?

Surprised it was not in your budget- teeth/eyes/ other body parts need maintenance/ replacements- is or the first time you heard about implants ?
Anyway from what I remember you could afford the whole set of those without affecting your plans

JoeEngland

Marine_life wrote: »

Here's a little retirement spending shock for you.

I had to have a tooth out last week - totally beyond repair. No chance of anything under the NHS (as it's deemed a cosmetic issue) so the likely course of action is a (private) tooth implant (one tooth). Looking around it seems like all in cost is somewhere between £2,000 and £3,000!

That certainly is not in the retirement budget.

What's your retirement shock?

Holding on too long to retire and then becoming seriously ill soon after retirement! Seriously though, those kind of unplanned expenditures are why you need some contingency in the financial plan.