Regret retiring too early with not enough money?

gadgetmind

Ray_Singh-Blue wrote: »

Not exactly pipe and slippers then? :money:

Absolutely not! I have a *huge* project list (I am a tinkered, which is called a "maker" nowadays!) and can probably bring in a decent income from my many hobbies.

The new venture involves me helping a (very) young software team avoid making the most egregious of mistakes and to work like engineers rather than hackers. It also seems to involve me helping to pay them for a year while the software gets written.

As you might be able to tell, I'm not very good at slowing down.

gadgetmind

silverwhistle wrote: »

I occasionally get stress dreams which involve that work. Never do they relate to the teaching I subsequently did, which was far more demanding on a personal basis.

A chap semi-retired from our company and took a job as an A-level maths teacher and he seems to be really enjoying it.

BeatTheSystem

gadgetmind wrote: »

The new venture involves me helping a (very) young software team avoid making the most egregious of mistakes and to work like engineers rather than hackers. It also seems to involve me helping to pay them for a year while the software gets written.

Alarm bells. I have been writing engineering software for 25 years and can tell you it is incredibly hard to find a good team turn vision into a solution and as I am sure you know already, you need at least 4 X the budget and time they say they need. Good luck.

gadgetmind

BeatTheSystem wrote: »

Alarm bells. I have been writing engineering software for 25 years and can tell you it is incredibly hard to find a good team turn vision into a solution

30+ years for me, as engineer and manager, and IKWYM!

as I am sure you know already, you need at least 4 X the budget and time they say they need.

We're not too constrained on budget, but other founders are property developers and may not entirely understand software schedules. :-)

However, the market entry date is fixed and the meter is running!

michaels

silverwhistle wrote: »

Why not? :-) The activities I mentioned in my post above are done on a monthly pension of <1100 plus FITS from my solar plus random lessons/translations. I haven't touched my sharesave dividend stream yet and have been thinking of doing drawdown on it until my SP kicks in.

Not to pick on you, your thread was just a hook, but I sometimes wonder what people spend their money on.

I've been doing my holiday budget for my January skiing holiday, (cheapest time to go and often decent snow too..) and realised that with new girlfriend coming accommodation and car transport costs have been halved!

Perhaps we just all need to prioritise our spending, whatever our levels of income. I'm all too aware that when I see others with far larger pensions that there are even more with far less,.

To all those who worry about not doing their important job and losing status/purpose/meaning; there are always alternatives. I left a large company in my late 40s, with the dreaded combination of boredom, lack of motivation and being in the appropriate job. I occasionally get stress dreams which involve that work. Never do they relate to the teaching I subsequently did, which was far more demanding on a personal basis.

Anyway, I came online to check the time and prep for a Skype language lesson tom... aargh, today.. I have singularly failed.. I'll do it later.. and I can.

I do agree with you but somehow with a family of 5 it seems hard to trim any more - we are very much a no pay tv, internet and mobiles for free with cashback, switch energy twice a year family. The biggie would be to move to a less attractive area to halve housing capital but then the kids would need to be ferried to school and the neighbours they played with would probably be less likely to have the same life ethos.

Gers

moneyistooshorttomention wrote: »

The thing that strikes me there is that your brother loved his work and he, quite possibly, regarded it as ideal to "die doing it". It must be awful for people that love their job to find other things/purpose/etc in retirement.

No, he wouldn't have thought it 'ideal to die doing it' - that's a very strange notion. He was only three days after turning 57 and had a young daughter of 8 years old. And four older sons. Heavy smoker. Too much stress. Too much travelling. A lousy de facto 'wife' who was a spender. Dedicated to his job - crisis consultant - and driven to the point of exhaustion and, possibly, death, by the big spender!

Start subscribing to a pension at the first opportunity. Start drawing said pension at the first opportunity. Enjoy stuff, even if it is doing part time work.

[Deleted User]

Gers wrote: »

No, he wouldn't have thought it 'ideal to die doing it' - that's a very strange notion. He was only three days after turning 57 and had a young daughter of 8 years old. And four older sons. Heavy smoker. Too much stress. Too much travelling. A lousy de facto 'wife' who was a spender. Dedicated to his job - crisis consultant - and driven to the point of exhaustion and, possibly, death, by the big spender!

Start subscribing to a pension at the first opportunity. Start drawing said pension at the first opportunity. Enjoy stuff, even if it is doing part time work.

Very sad set of circumstances.

atush

With a little added hate for the wife.

Nual

aldershot wrote: »

This is another interesting thread. I will retire sometime in the first half of next year age 53. There, I've said it. No more OMY. I know our assets will comfortably cover our retirement (pensions and savings >£2m) so why am I so stressed about it that I've had to seek help? I think the move from certainty (well paid City job) to uncertainty ("what are you going to do?") is really unsettling me. Has anyone else had similar thoughts/doubts/difficulty and did they go away once you finally made the leap? This is less about cash and more about change.....

As I have said elsewhere, I retired in April aged 60 and I am loving it. I have more than enough - although not as much as you - and was so anxious and scared about status / identity/ boredom etc. I have friends who have retired and things that make me happy within walking distance, and life is very good

OldBeanz

I was in a job which was running down and could not be bothered to retrain. Even knowing I was pushing to leave it still took a bit of a jump when the time happened. As with most people on here, I now wonder what the issue was as I love my time not being constrained by others. There is time to do things, volunteering, part time jobs, long holidays (no "back to work on Monday" end of holiday syndrome).