It's time to start digging up those Squirrelled Nuts!!!!

Thrugelmir

westv said:

Kim1965 said:

Seashell. Just out of interest, in the event of a serious market downturn, would you consider part time work? I think from reading your thread im correct in thinking your in your early 50s.

I think the most serious downturn was 1929. Withdrawal rates should cater for that eventuality.  If the markets ended up worse than that then we are all screwed anyway.

There were already tough times in Europe post WW1.  Many people didn't own shares back then. Very different times. People got by. Early retirement wasn't even on the agenda. 

Kim1965

To me part time work, doing something you enjoy would be a very positive move into partial retirement. It would provide structure to the week, some social intetaction and help finances. After a lifetime at the coal face, I would  struggle going into full retirement. Each to their own i guess. 

Sea_Shell

Kim1965 said:

To me part time work, doing something you enjoy would be a very positive move into partial retirement. It would provide structure to the week, some social intetaction and help finances. After a lifetime at the coal face, I would  struggle going into full retirement. Each to their own i guess. 

Funny you should say that....as that is exactly what we DID do....Just much earlier than many people can afford to.     A gentle slide down the greasy pole!!!!

We both did work full time for many years (well, a few ), then I moved to part time about 20 years ago, including a 3 yr break, went and did something different (away from the coal-face), before finally finishing.   

DH had a high stress (high paid) job, which he left to have a short break, and then went back to work for a few years in a different role, within the same industry (but as customer rather than provider), before calling it a day.

As for helping the finances...despite what I may say in jest....I think we'll be fine.    Working, just to add a few more £££ to the pot when the pot is already sufficient (in our opinion)...nah....i'll pass.   But, like to you say, each to their own.

If you love working, carry on...... but in the immortal words of George Michael   "Do, you, enjoy what you do, if not, just stop, don't stay there and rot"

Have a nice day 

SMcGill

You're not the first person to wonder why I walked away from a decent (but already part time) job!!

My response has been “so you think I should work until I can’t any more?” Some people will choose that, or have to work, but if you don’t then it’s inevitable that you’ll leave at some point. Happy days if it’s with good memories!

The most difficult part of my retirement planning, bar none, was recognising that more isn’t always better.

westv

Should we now factor the cost of a nuclear bunker into our retirement plans?

Thrugelmir

westv said:

Should we now factor the cost of a nuclear bunker into our retirement plans?

Emigrating maybe a more preferable option. 

SouthCoastBoy

Thrugelmir said:

westv said:

Should we now factor the cost of a nuclear bunker into our retirement plans?

Emigrating maybe a more preferable option. 

I looked at emigrating to Australia when retired but unfortunately it was a no go as have no relatives there etc, so restricted to 90 days a year. Could flit between Australia, New Zealand and fiji though

Sea_Shell

Thrugelmir said:

westv said:

Should we now factor the cost of a nuclear bunker into our retirement plans?

Emigrating maybe a more preferable option. 

Where to....Mars!!!!   

Sea_Shell

You may have read in another thread of mine, but we've just fixed our fuel tariff at the Eon Next V12, as our current cheap fix expires mid April.

Cost (on actual usage) going from £690, to £1700.   April cap would be about £1490.   So we've taken a punt.

Heaven only knows what the October cap's going to be, that's if it's not reviewed earlier than then.

quirkydeptless

Sea_Shell said:

Heaven only knows what the October cap's going to be, that's if it's not reviewed earlier than then.

"Cap? Oh, Yes, times are hard, I had to sell the crown and get one"