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What made you 'pull the trigger'?
in Pensions, annuities & retirement planning
289 replies 71.1K views
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I have enough money
I am fed up with my job
I want more spare time
a significant birthday (60 etc)
I would imagine for most people it is a combination of the above
For me it is all of them, although I have not pulled the trigger yet.
Fortunate to have a decent DC and DB (65) along with full SP (67) so can afford to finish.
Since we were taken over 12 years ago it's been slowly downhill, Main overseas head office and also the one in the UK are clueless, more interested in whether you have a piece of paper signed or box ticked than whether the job worked or not. This along with the corporate BS and the 'elf n safety brigade makes the job nigh on impossible. The only part I will miss unlike many others is the travelling overseas.
I have outside interests which keep me busy and don't have time to do as fully as I would like. I am sure the old saying "I don't know how I found time for work" will apply to me.
Had always said I was going at 60, which seemed a lifetime away but after 43 working and the last 36 at the same company it crept up on me and arrived 6 weeks ago.
Had a diagnosis 3 years ago and have been on a watch and wait since. Then in September I was told they were starting treatment In November, so that was retirement out the window as I was being signed off sick. Silver lining is that I am now on a sort of trial retirement whilst still employed.
I would add another related reason to that list - an event - eg death of a close friend or work colleague of a similar age.
Not quite the same age but I attended the funeral of a retired work colleague last week. He was 76 and had been retired 11 years. Things like this and my health scare have changed my outlook somewhat. Having said that, I am due back at work in a couple of months or so. Will I go back ?? I really have no idea !!!
I am hoping to have more money in retirement than I have whilst in work, so I cannot retire yet.
Vocational freedom has arrived
Having a divorce, becoming a single parent and studying for an undergraduate degree all meant that I wasn't as well off as I could have been. I did get into quite a financial pickle a few years ago but now I'm out of it and debt free and ready to start over.
I didn't particularly like my last job which was in the private sector but when I told my boss I wanted to retire he tried to get me to have a rethink and stay on. Which I could have done and postponed my state pension. But I wanted freedom and that's what I love. I've never, ever regretted retiring. I may not be the richest person around but I am happy. And that's worth a lot. Now I'm hoping to earn an extra few bob by working for myself but if it doesn't work out it won't be a disaster. I sold my own home years ago, still do regret that sometimes and am now in social housing but it's in a rural location with good neighbours. I can also afford to run a car - a lifeline in a location like ours.
I'm also the only carer for my adult daughter who lives with me and I don't really have much time to have any regrets about retiring as there's always so much to do and there's also my social life (although still conducted online for the time being).
Best thing I ever did and never felt anxious about it at all. I just felt it was time to go and thought that if I wanted to work, I could do so, for myself, in the future (i.e. now). Not everyone can do that, I know but I just felt that retirement was right for me.