What Benefits at 60?

Fellwalker

I came onto this thread following a link from the latest MSE email, hoping it would actually be about the title: "what benefits at 60?" . But it is about whinging on and on over the change in state pension age. Quite depressing really.
the thread I wanted is this one: https://forums.moneysavingexpert.com/discussion/2372565

jerez

mazzy wrote: »

Those of us born in 53 have had time added too. As I was getting older thought it would be 63 as it had already gone up from 60 now mine is 64 years 6 mths. That is the bit that makes me fed up the two rises. Before anyone starts I know there are those that will have to work much longer but it doesn't make me feel any better.

Couldn't agree more. I burst into tears when I realised I would have to keep working for another 1 1/2 years. I'm tired now - what will I feel like in 5 years time?

marich

The main benefit of being 60+ is the amount of hindsight one has access to .

A good run of Life give folk a better sense of proportion , let's you know the difference between what is acceptable and what is not - and the wisdom to decide whether to bother about it .

So many younger people are being deluded or are deluding themselves as to where to put their energy , money or time . 60+ might be the start of a gentle downhill , but (at 63) it feels like easier pedalling to me just now . I count myself as very lucky and am glad not to be as bothered and thrown about by things as I once was .

gadgetmind

sharnad wrote: »

If you were older now you may only gave five years to pay into it.

Five years from now maybe, but lots and lots of wasted years behind them during which they made zero provision for their old age despite all the sound advice to the contrary.

I started a private pension over 30 years ago when I left university. It's not exactly rocket science!

joannie

Those of us born in 1953 and 1954 have been treated very shabbily by the government, and are expected to make more sacrifices than everybody else.

dunstonh

joannie wrote: »

Those of us born in 1953 and 1954 have been treated very shabbily by the government, and are expected to make more sacrifices than everybody else.

There are groups of people out there hit in other areas that you have not been hit in. Whilst I do feel the increase from 65 to 66 was too quick for some, there is no point feeling like a victim as most people have had to make sacrifices or be impacted in different ways.

sharnad

gadgetmind wrote: »

Five years from now maybe, but lots and lots of wasted years behind them during which they made zero provision for their old age despite all the sound advice to the contrary.

I started a private pension over 30 years ago when I left university. It's not exactly rocket science!

I started my pension at 18. Lots of people didn't though

Erica51

I live in Watford, outside Greater London so am not eligible for a Freedom Pass. However I have an Oyster Card which I use for travel into and around London. This has been linked to my Senior Rail Card so I save a third on journeys into London.

terryw

Erica51 wrote: »

I live in Watford, outside Greater London so am not eligible for a Freedom Pass. However I have an Oyster Card which I use for travel into and around London. This has been linked to my Senior Rail Card so I save a third on journeys into London.

Thanks Erica for a smashing first post which fulfills the question originally asked. Power to you and welcome to MSE.

bw

seven-day-weekend

Thankyou Erica, welcome! Hope you stay around.