Drop in income, pre-retirement?
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My salary did drop when I reached 50, but that was because I took a part time job.
My hourly rate in the job was the same as my previous full time job.
What with having receiving a monthlypension, and paying less tax, and having no mortgage, I feel better off at this point in my life than ever before, and have put more money in savings in the last 4 years than ever before.Early retired - 18th December 2014
If your dreams don't scare you, they're not big enough0 -
I was a professional lorry driver, my wages were never as much as other so called professionals. It stayed constant throughout, until I chose to reduce my working hours when I was in my mid fifties, thus reducing my earnings. I can live happily on a small income, and life is pretty good at the moment now I am five years into retirement. Yes I don't have as much money coming in, but neither do I have much going out.
The best time to get your finances in order before retirement? As soon as you leave school, and never take your eye off the ball.
IlonaI love skip diving.0
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