Will retirement day ever arrive?

Dunroamin

HeatherintheHills wrote: »

But the police retire on a pension, so additional employment is an option, not a necessity.
?

Even so, just because you've been a nurse, firefighter or anything else, it doesn't mean that you have to stay in this area of work all your life, particularly if it's become physically difficult.

Dunroamin

There seems something very strange about people spending the best years of their lives going without just so they can spend 30 years of their lives doing othing in retirement. I'm not really sure that life's intended to be like that.

onlyroz

I think the moral is to not rely on receiving a state pension. My current retirement age is 68, but I have doubts that the state pension will even exist when I reach that age. Our mortgage should be paid off by the time I reach my mid-fifties, so I'm hoping that I won't have to continue to work until I reach the grave.

Here's hoping that my novel takes off and I can retire in comfort...

POPPYOSCAR

OP I feel the same as you do.

The later retirement is wrong on many levels for me, but especially as it reduces the employment for the younger generation.

Luckily for me we have invested greatly over the years which has enabled me to semi-retire and be on here as much as I am!!

I do feel sorry for those though that work hard all their life and are now going to have to keep going because they cannot afford to stop and also for all those young people who will be kept out of the workforce because of it.

luxor4t

POPPYOSCAR wrote: »

...I do feel sorry for those though that work hard all their life and are now going to have to keep going because they cannot afford to stop and also for all those young people who will be kept out of the workforce because of it.

Snap. I'm 54 so maybe I can get my state pension at 68 ... or 69 or thereabouts :cool:

Meanwhile, I confess to getting slightly narked when a 62 year old retired friend grumbles about her (quite respectable) pension. Oooh, the temptation to suggest a nice part time job for the next few years ... I didn't though .



:eek::eek::eek: at the typo

pondskater_2

luxor4t wrote: »

........
Meanwhile, I confess to getting slightly naked when a 62 year old retired friend grumbles about her (quite respectable) pension.......

:rotfl:best typo I have seen in ages.

Pee

At 23 I was setting up a private pension and looking to buy my first house. At the time the cash sum from the pension was intended to be the repayment vehicle for the mortgage. In completing the forms the financial adviser and I chose 50 as the age for me to retire at, with a 26.5 year mortgage term as pension regulations meant that was the earliest I would be able to take the lump sum. I am now 38 and anticipating a retirement age of something like 68. I find it very hard to come to terms with the difference in expectation in fifteen years.

Do get a pension forecast though and see if you need to buy any years of contributions.

Dunroamin

luxor4t wrote: »

Snap. I'm 54 so maybe I can get my state pension at 68 ... or 69 or thereabouts :cool:

And you might get rather more than expected if the planned changes are put in place. There's often a good side to changes as well as a bad.

FatVonD

I too spent my early working years expecting to retire at 60 only to have the goalposts moved but, thinking about it last week, if it had stayed at 60 I'd be retiring in just over 7 years time which seems so soon and there's so much more I'd still like to do!

Don't get me wrong, I'd love to have more time with my son and I spent years in my last job wishing the hours away but I love the job I have now but I also hope to move on to bigger and better things in a couple of years and, since I won't be able to retire at 60 now, it's probably just as well!

georgiesmum

My retiring age was 60, but with such low pension (married women's only, my own fault )i had no choice but to work till i was 67. I hated it and only ill health forced me to retire.