Changes in your retirement expenditure

clairbear_3

We both retired last November 62 & 56 He did a quick fag packet calculation and said we can both pack our jobs in which suited me.We not wealthy by any means(I see folk on hear mulling retirement and listing £1 million+ assets!)No need to monitor spending we are thrifty but we spend 4 months abroad in winter(he suffered badly with winter cough)

Cant see the point of retiring unless you are going to do something worthwhile/beneficial

I cant see how one can retire while the other keeps on working unless you PREFER to not be together

barnstar2077

https://forums.moneysavingexpert.com/discussion/comment/82164179#Comment_82164179

"I cant see how one can retire while the other keeps on working unless you PREFER to not be together"

If you are both working, then you are already not seeing each other during the day anyway. If one person has managed their finances and budgeted and the other has prioritised living in the moment, then what else can you do?

My partner and I met later in life and are not married. If you are lucky enough to marry your childhood sweetheart in your early twenties then you should of course be building a life and your retirement together from day one.

kempiejon

I took control of my financial planning when I realised no one was going to be as focused on it as I would be. If my SO had said to me he'd sorted it out and I should pack my job in I'd want my own validation. As a couple we've always had joint and individual finances, our own pals and interests so both needing to be available to each other full time seems alien to me but you crack on. Well done for getting out of work which suits you. Did your spending increase or decrease? I'm calculating on having more, increasing disposable income when not focusing on building retirement provision.

clairbear_3

https://forums.moneysavingexpert.com/discussion/comment/82164197#Comment_82164197

if you are at work youre not seeing each other all day .. exactly thats whats great about both retiring together you can(but dont have to) spend time together

My OH has worked 6 years longer than me and more hours/earned more ..so should I carry on working or scrimp while he parties? as a couple all assets should be pooled/shared equally and spent equally(ideally)

clairbear_3

https://forums.moneysavingexpert.com/discussion/comment/82164247#Comment_82164247

I imagine our spending has increased..we spend 4 months abroad! but we didnt retire to monitor our finances all day ..we eat well.. do what we want and yes we both have our friends /interests

we save a lot of money …on utilities being away all winter ..our shopping bill has come down a lot(more time to find bargains) ..we got rid of 2nd car hardly any fuel bills/motoring costs ..we dont hanker after expensive summer holidays(cos we away all winter) we can cash in our pensions tax free some spare time to make a few extra ££ hustling online overall I think our finances arent growing also not going down..he gets state pension in 4 years so thats a boost

barnstar2077

https://forums.moneysavingexpert.com/discussion/comment/82164248#Comment_82164248

My partner of four years has no assets and will most likely have to work another thirteen to twenty years.

Should I work another ten years to save up enough money for the both of us?

It is not as easy a decision from the other side of the table.

MallyGirl

https://forums.moneysavingexpert.com/discussion/comment/82164179#Comment_82164179

I would love my OH to retire but he is just not ready. I can't make him. Hopefully he will stop next June.

eastcorkram

https://forums.moneysavingexpert.com/discussion/comment/82164179#Comment_82164179

We're all different. I find those last two statements absolutely bizarre!

Silverbullet036

I have been retired over 8 years now but my wife only retired 3 years ago. I've done absolutely nothing in those years but relax and enjoy having nothing to do and no one telling me to do stuff. That may seen boring to some but to me its heaven. My wife is pretty much the same but does go out most days to tootle around for a bit and she also loves it.
We spend next to nothing but have never been happier. We live comfortably off my DB pension which isnt big at all but we have a decent sum put away to take care of us easily for the rest of our lives. When both State pensions kick in I have no idea what we will do with all the income. Everything is left to charity anyway so I guess they will benefit significantly as there's no way we will get through the money

Triumph13

https://forums.moneysavingexpert.com/discussion/comment/82165025#Comment_82165025

Nope, there are some amazing out-of-season deals that don't cost much more than you save on the heating, especially if going somewhere with a lower cost of living than home.