Early-retirement wannabe

lisyloo

agent69 wrote: »

I recall going for a health check up when I was in my 50's. Everything was fine, but the doctor did say that my 2 biggest risk factors were being male and middle aged.

That was useful then!

Mine normally tell me I’m not doing enough exercise but only after they’ve asked me and I’ve said I’m doing enough.

I would support them targetting these at people that need them more.

hugheskevi

Marine_life wrote: »

Retirement date reset at December 2020.

Taking a worst-case scenario, my retirement date is September 2023, probably earlier, but no earlier than June 2021.

I reckon that makes it about 50/50 which of us retires first

crv1963

Marine_life wrote: »

I’ve handed in my notice on my 3-day a week gig.
In two weeks, I’ll head out to the middle east to meet my new colleagues with a view to starting on 1 July! Exciting times ahead.
There will be those who say that “nobody on their deathbed ever wished they’d spent more time in the office” or “you could get hit by a bus tomorrow so enjoy today” but I generally subscribe more to the view of not regretting the things you didn’t do. This chance will never come up again.
I am genuinely excited.
Retirement date reset at December 2020.

I certainly can equate to this line of thinking. I took a risk- jumped ship to a different area of my field, with increased commute etc, with a view that it would be something that I might enjoy plus it would add to our retirement benefit.

Former colleagues and to be honest Mrs CRV were much more cautious even to the point of me being described as "slightly dotty". Well for me it seems to have been a good choice, and I am pleased that I went for it, I think sometimes swapping the known and the routine is good for you.

I reset retirement for December 2021.

Good luck!

JoeEngland

Marine_life wrote: »

Things are moving very quickly.
I’ve now received a formal job offer in the middle east which I’ve decided to accept. At the end of the day the attraction of a new adventure was something I couldn’t turn down. The fact that I don’t need the job means I can focus on the interesting bits although I’ll admit that the tax free salary is attractive. The expectation is that I will be there for 18-24 months although its open ended.
I’ve handed in my notice on my 3-day a week gig.
In two weeks, I’ll head out to the middle east to meet my new colleagues with a view to starting on 1 July! Exciting times ahead.
There will be those who say that “nobody on their deathbed ever wished they’d spent more time in the office” or “you could get hit by a bus tomorrow so enjoy today” but I generally subscribe more to the view of not regretting the things you didn’t do. This chance will never come up again.
I am genuinely excited.
Retirement date reset at December 2020.

Clearly you are someone who does wish they spent more time in the office if you're going back to FT work

barnstar2077

lisyloo wrote: »

Agree with your sentiment, but if you are in a care home you will be unfortunately spending more.
My MIL is costing £925 in residential in Bristol (one of the cheapest for her needs). The nursing element is additional cost but she qualifies for NHS funding for that part.

BTW she went in at 89 and 9 months.

Apart from the sale of my house I wouldn't have the assets to sustain myself in a care home. So once the house money was gone it wouldn't matter if my pension was a couple of hundred pound more a month or not. So my plan is still the right one for me, working a few more years will not help. If I was earning a lot more now then a couple of more years could potentially be worth it, but even then I value my time over anything else.

Terron

barnstar2077 wrote: »

Apart from the sale of my house I wouldn't have the assets to sustain myself in a care home. So once the house money was gone it wouldn't matter if my pension was a couple of hundred pound more a month or not. So my plan is still the right one for me, working a few more years will not help. If I was earning a lot more now then a couple of more years could potentially be worth it, but even then I value my time over anything else.

Around here the council will pay £496pw or £528 for residential care in a single room. Paying for yourself (as my Dad did) allows you to choose . Having vetted several for my Dad I would want to be able to choose,



The average length of stay is 30 months.


My Dad's NHS pension covered his care costs. My pensions wouldn't indefinitely, but could for a while.

Mrs_Z

Marine_life wrote: »

Things are moving very quickly.
I’ve now received a formal job offer in the middle east which I’ve decided to accept. At the end of the day the attraction of a new adventure was something I couldn’t turn down. The fact that I don’t need the job means I can focus on the interesting bits although I’ll admit that the tax free salary is attractive. The expectation is that I will be there for 18-24 months although its open ended.
I’ve handed in my notice on my 3-day a week gig.
In two weeks, I’ll head out to the middle east to meet my new colleagues with a view to starting on 1 July! Exciting times ahead.
There will be those who say that “nobody on their deathbed ever wished they’d spent more time in the office” or “you could get hit by a bus tomorrow so enjoy today” but I generally subscribe more to the view of not regretting the things you didn’t do. This chance will never come up again.
I am genuinely excited.
Retirement date reset at December 2020.

Wow! At this rate I might even beat ML to the early retirement myself :rotfl:
My original plan was to keep going until I hit 55 (2023) but Brexit has meant my job has now relocated abroad - so I am now commuting by plane (= added expense). Relocation package offsets the pain to some extent but next year I will need to seriously evaluate whether it's worth to keep going or to chuck it all in. If I loved my job I would not hesitate to follow and move abroad, but I don't, I tolerate it, which makes the decision hard.

Interesting to see how your adventure in the Middle East pans out. We had friends who went to Russia on a work assignment, initially for 2 year and ended up staying about 5. On return, they then had a new assignment in the Middle East for 2 years but ended up coming back just after a year as they didn't like it.

Keep us posted!

Techno

Just been playing with the spreadsheets .

Having thought about 'packing it all in' at 55 we decided to go part time 2 years ago instead and are now living off just a bit more than the proposed retirement income whilst also saving and paying a mortgage. So figures are looking very promising at the moment for an August 2020 escape :j:j

gfplux

Mrs_Z wrote: »

Wow! At this rate I might even beat ML to the early retirement myself :rotfl:
My original plan was to keep going until I hit 55 (2023) but Brexit has meant my job has now relocated abroad - so I am now commuting by plane (= added expense). Relocation package offsets the pain to some extent but next year I will need to seriously evaluate whether it's worth to keep going or to chuck it all in. If I loved my job I would not hesitate to follow and move abroad, but I don't, I tolerate it, which makes the decision hard.

Interesting to see how your adventure in the Middle East pans out. We had friends who went to Russia on a work assignment, initially for 2 year and ended up staying about 5. On return, they then had a new assignment in the Middle East for 2 years but ended up coming back just after a year as they didn't like it.

Keep us posted!

Yet another Brexit bonus 😀😀😀😀😀😀

tigerspill

Well I have now finally stopped work at 53. Tuesday was my last day.
Took 7 years of planning and changes to allow me to do this financially.
My OH will work for another 2 and a it years until she is 55.
Looking forward to a new life chapter.
While I found Monday and Tuesday difficult, I haven't had a smile of my face since I woke up on Wednesday. Can quite believe it.
My plan was actually to stop on my 52nd birthday, but decided to hold out for a release/redundancy package. Was turned down during the summer, but was accepted at Christmas and agreed a leaving date of 30/4.