The when thread

PennyForThem_2

OMG - all those early retiree want-to-be's

I am female and I always expected to retire at 65. Because:

1. Long lived family (grandparents, aunts, uncles, siblings -even with known health problems and bad life styles)

2. Fear won't have 'enough to live on'.

3. Enjoy job - not particularly taxing, nice people, nice work surroundings, new challenges.

I have even decided to postpone retirement because of the fun of moving to a new building, open plan and extreme challenging of ambient culture - soooo interesting. Absolutely see why and reasoning behind it and I don't think it is entirely economic....

When I retire I know will have a really good income (thank you DWP for letting me defer state pension for 4 years with 10% ish interest and letting me 'inherit' dead husband's SERPS enhanced pension too.

But I have worked 4 years extra - enhanced my NHS pension. If I don't live as long as rest of family - well it was a bad bet.

mark1959

We [OH and me] are retiring around about may/june this year. I'll be 57 and OH 56. Like a previous poster has said, if we leave it any longer we'll be leaving a fair bit of money to nephews/nieces as we've no children.
As to what we're going to do, at least 3 months every year for the next 8 or so travelling.

Chickereeeee

chucknorris wrote: »

Financially we are in a similar position to you, it has now got a bit ridiculous as to the amount that we will have to spend every year, to get it all spent, realistically it isn't going to happen unless we break longevity records.

Take up sailing and buy a yacht. That will help you spend it.....

C

Stubod

..really interesting thread..I have been doing spreadsheets..(sooooo many spreadsheets) to try and decide if we can both go this year, (56 and 57, kids long gone, no debt or mortgage......not much in way of pensions, but a silly amount of "savings")...its always the "have we enough now"..or just one more month will give us enough to buy a holiday.....still undecided really, balance between a job I am starting to truly hate, (perhaps because I no longer need to do it?)..and the "fear" of having nothing to do all day..(get bored on days off)....we shall see, but I feel sure that this is the year.

TheTracker

chucknorris wrote:

The other side of the coin is that on top of being out with my dog, bowls and chess, I would really like to compete in a triathlon, but I just haven't the time to get on top of all 3 disciplines while I still work.

Dog walking, bowls, and chess. Otherwise known as the Retiree's Triathlon. I like it.

chucknorris

Chickereeeee wrote: »

Take up sailing and buy a yacht. That will help you spend it.....

C

My dog is very important to me, most (not all) new activities usually have to involve him. A motorhome is a possibility though, although I much prefer the idea of a caravan.

chucknorris

TheTracker wrote: »

Dog walking, bowls, and chess. Otherwise known as the Retiree's Triathlon. I like it.

I was referring to the traditional triathlon, for my age I am OK at running, good at cycling, but I need much more technical improvement to my swimming, that's where the time needs to be allocated, whilst still keeping up with the other 2.

mgdavid

chucknorris wrote: »

I was referring to the traditional triathlon, for my age I am OK at running, good at cycling, but I need much more technical improvement to my swimming, that's where the time needs to be allocated, whilst still keeping up with the other 2.

part ex the mutt for a black lab, he'll go swimming with you....

chiefie

Stubod wrote: »

..really interesting thread..I have been doing spreadsheets..(sooooo many spreadsheets) to try and decide if we can both go this year, (56 and 57, kids long gone, no debt or mortgage......not much in way of pensions, but a silly amount of "savings")...its always the "have we enough now"..or just one more month will give us enough to buy a holiday.....still undecided really, balance between a job I am starting to truly hate, (perhaps because I no longer need to do it?)..and the "fear" of having nothing to do all day..(get bored on days off)....we shall see, but I feel sure that this is the year.

Good luck. I feel sometimes I am wishing my life away waiting for the freedom day. Will I regret not living for now, or will I be thankful, not sure ?

chiefie

Loads of really interesting points about the battle between when and how much, the risk of staying for a bit more, desires to be free, worries of life after, planning and preparing. Everyone is different but a surprising commonality that so many financial astute people are saying they would prefer to go early with less money as quality of life means more than the money to support something a bit better but later ! Thank you all for your contributions ��