Mo1959
Legendary Member
- Location
- Perthshire,Scotland
Don’t know. 2 females I worked with in the prison service have twins by artificial insemination.
Retirement, would you if you could?
- Thread starter Slick
- Start date
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Drago
Legendary Member
- Location
- Suburban Poshshire
We've had the chat - she's not up for any of that malarkey.
- Location
- Somewhere wet & hilly in NW England.
Mod note:
There's been a couple of reports that this thread is getting tangled up with the long running retirement thread.
I know it's harder to think straight as we get older (it certainly is for me now that 64 is in the rear view mirror) but think before you post seems to be the order of the day.
Very interesting thread btw.
There's been a couple of reports that this thread is getting tangled up with the long running retirement thread.
I know it's harder to think straight as we get older (it certainly is for me now that 64 is in the rear view mirror) but think before you post seems to be the order of the day.
Very interesting thread btw.
- Location
- Somewhere wet & hilly in NW England.
As part of our descent into retirement we have a party for two every Saturday night that lasts about 10-12 hours. We have a whole lotta fun. 
Gets kicked off with our Weekend crank-up mix of half a dozen tunes inc' this which sounds stonking on a decent system with the volume well up.
View: https://www.youtube.com/watch?v=qRJejXo8AFs
In all seriousness, as a response to the OP - in our collective experience (the pair of us) not everyone we know seems to have factored this in either consciously or sub-consciously.
Obviously you need to strip out the unfortunate impacts of those twin old-age perils; loss and illness.
And fun means different things to different people but it's well worth those entering or planning for retirement that FUN needs to be factored in.
Gets kicked off with our Weekend crank-up mix of half a dozen tunes inc' this which sounds stonking on a decent system with the volume well up.
View: https://www.youtube.com/watch?v=qRJejXo8AFs
In all seriousness, as a response to the OP - in our collective experience (the pair of us) not everyone we know seems to have factored this in either consciously or sub-consciously.
Obviously you need to strip out the unfortunate impacts of those twin old-age perils; loss and illness.
And fun means different things to different people but it's well worth those entering or planning for retirement that FUN needs to be factored in.
OP
OP
Slick
Guru
Mmm, lots to ponder and very interesting to hear lots of different people's experiences.
I was once lucky enough to spend some time with a special group of retired people and I watched with interest as others would join the group with varying degrees of success, and I often wondered why.
I have come to the conclusion that whilst I would love to be the type of person who could be happy without contributing or feeling useful, I fear I will feel the need to work to some degree for as long as i am able. Maybe contracting would be an option for me, work a fraction of the time for 3 times the wage and lots of time in the summer for some time off. Could work.
I was once lucky enough to spend some time with a special group of retired people and I watched with interest as others would join the group with varying degrees of success, and I often wondered why.
I have come to the conclusion that whilst I would love to be the type of person who could be happy without contributing or feeling useful, I fear I will feel the need to work to some degree for as long as i am able. Maybe contracting would be an option for me, work a fraction of the time for 3 times the wage and lots of time in the summer for some time off. Could work.
vickster
Legendary Member
IR35 change is going to impact the amount contractors can earn, we’ll essentially be employed on same terms as perm staff going forwards...
potsy
Rambler
- Location
- My Armchair
I would retire tomorrow if I was in a position to, a colleague of mine is just about to go part time and work just 2 days per week, he is the same age as me.
Due to a change in circumstances last year I may be able to retire sooner than expected, but it would be on a very modest income and not for at least 6-7 years.
Until then I am trying to save as much as possible and speed it up
Due to a change in circumstances last year I may be able to retire sooner than expected, but it would be on a very modest income and not for at least 6-7 years.
Until then I am trying to save as much as possible and speed it up
Mrs M
Guru
- Location
- Aberdeenshire
I do enjoy my job but will reduce to 3 days a week in 3 years, hopefully.
More time for cycling and having fun
Mr M has just taken early retirement / redundancy, happy as Larry
Said initially he would have a month off then look for a part time driving job, then this became 2 months, then a year, now it’s I really don’t need to work again!
If you can retire and fill your time then all good
More time for cycling and having fun
Mr M has just taken early retirement / redundancy, happy as Larry
Said initially he would have a month off then look for a part time driving job, then this became 2 months, then a year, now it’s I really don’t need to work again!
If you can retire and fill your time then all good
BoldonLad
Not part of the Elite
- Location
- South Tyneside
You will have to rely on one of "those" Emails, saying you have won a lottery, and, you just need to enter your bank details so they can deposit your winning (oe, empty your account).
steveinnorthants
Veteran
I retired early (55) and have no regrets at all. I don't miss the work - I thought I might as I always enjoyed my work, but feel I contributed enough over the years. Glad to be out of the working environment that has now had to adapt to Covid, and feel fortunate to have got out before that kicked off.
I can relate to the oft quoted statement "I don't know how I found time to work", at least pre Covid. One of the best things is that whatever you have planned to do, if its bad weather, you can just put it off until tomorrow or the next day, rather than having to hope weekends are dry.
I can relate to the oft quoted statement "I don't know how I found time to work", at least pre Covid. One of the best things is that whatever you have planned to do, if its bad weather, you can just put it off until tomorrow or the next day, rather than having to hope weekends are dry.
BoldonLad
Not part of the Elite
- Location
- South Tyneside
A long time ago, in the Thatcher years, I worked for a small company which was bought by an "Entrepreneur". He visited the company, arriving in his helicopter, shortly after buying us, and spoke to us (his valuable people, as he put it) as a group. Someone asked him more of less that question. His answer was pretty much as you say, ie "most people would ease up as they approach a £1million, that is why they will never have £1million". I think I remember that correctly. At the time, he was reputedly worth £80million.
68 here and still working, albeit just 3 days a week for the last 8 years. Love my work - I'm self employed so have a lot of control, flexibility and no boss - and don't see myself packing in any time soon. However, I could and would if the enjoyment went or health issues dictated otherwise.
I enjoy my family and my leisure time but I think I'd miss the mental stimulation that only work brings and don't really fancy full time retirement.
I consider myself to be in a fortunate position which I guess is not one open to many.
I enjoy my family and my leisure time but I think I'd miss the mental stimulation that only work brings and don't really fancy full time retirement.
I consider myself to be in a fortunate position which I guess is not one open to many.
MontyVeda
a short-tempered ill-controlled small-minded troll
- Location
- Lancaster... the little city.
a close friend's wife keeps talking about taking early retirement and he keeps talking her out of it because it means he'll have to do more work... currently, he's happy working part time as a self employed gardener and being the full time househusband.
ebikeerwidnes
Guru
- Location
- Z’ha’dum
I kinda retired by accident
I used to be an IT person - paid a fair bit final salary pension etc etc
got made redundant for political reasons
accidentally became a Teacher - eventually in a rough secondary school - which eventually became a problem at the same time as my current wife and I started to get serious - at long range - so, being daft, I decided to resign to move closer to her and look for less stressful jobs near her
Got lucky and ended up as a teacher in a school 10 minutes ride from my new house - but spending more time fixing computers and helping other teachers with IT than actually teaching
Anyway - Head teacher (who was brilliant) left quite suddenly and after a short while we ended up with an 'interim Head' - who didn;t like me or seem to want to talk to me other than to criticise me
It was made clear that she wanted me to teach full time next term - which was never the negotiated arrangement
At that point a letter arrived from the old final salary scheme showing their financial stats
So I rang both pensions organisations (old company from when I was in It - and the TPS) and got a prediction of teh pension if I retired at 60 (I was 57) and NOW
Luckily I got onto someone at the TPS who was clued up. We went through the details and she suddenly asked me to go on hold as she wanted to check something. After a few minutes she came back on
She had noticed that when I moved school I had gone part time and at a reduced salary -hence agreement to be a teacher but not teach all the time - and realised I could count that as 'wind down' - but only for another few months
Hence if I retired as a teacher quite soon I would get £x - but if I left it more than a few months I would get far less due to the way it works
Main problem after that was composing the retirment letter with the words 'naff off you .......'
been retired since although I did intend to get a part time IT Technician job - maybe after Covid
anyway - main point
when you get 10 -15 years from state pensions date - get a quote so you know where you are
and do so every few years
remember - at the point where you CAN retired you are ONLY working for the difference - plus how much the pension might increase
so if your earn £2000 a months - but could retire and still get £1500 a month - you are working for £500 and month ONLY
NOW do you want to retire????
BUT BE CAREFUL - if it probably forever
I used to be an IT person - paid a fair bit final salary pension etc etc
got made redundant for political reasons
accidentally became a Teacher - eventually in a rough secondary school - which eventually became a problem at the same time as my current wife and I started to get serious - at long range - so, being daft, I decided to resign to move closer to her and look for less stressful jobs near her
Got lucky and ended up as a teacher in a school 10 minutes ride from my new house - but spending more time fixing computers and helping other teachers with IT than actually teaching
Anyway - Head teacher (who was brilliant) left quite suddenly and after a short while we ended up with an 'interim Head' - who didn;t like me or seem to want to talk to me other than to criticise me
It was made clear that she wanted me to teach full time next term - which was never the negotiated arrangement
At that point a letter arrived from the old final salary scheme showing their financial stats
So I rang both pensions organisations (old company from when I was in It - and the TPS) and got a prediction of teh pension if I retired at 60 (I was 57) and NOW
Luckily I got onto someone at the TPS who was clued up. We went through the details and she suddenly asked me to go on hold as she wanted to check something. After a few minutes she came back on
She had noticed that when I moved school I had gone part time and at a reduced salary -hence agreement to be a teacher but not teach all the time - and realised I could count that as 'wind down' - but only for another few months
Hence if I retired as a teacher quite soon I would get £x - but if I left it more than a few months I would get far less due to the way it works
Main problem after that was composing the retirment letter with the words 'naff off you .......'
been retired since although I did intend to get a part time IT Technician job - maybe after Covid
anyway - main point
when you get 10 -15 years from state pensions date - get a quote so you know where you are
and do so every few years
remember - at the point where you CAN retired you are ONLY working for the difference - plus how much the pension might increase
so if your earn £2000 a months - but could retire and still get £1500 a month - you are working for £500 and month ONLY
NOW do you want to retire????
BUT BE CAREFUL - if it probably forever
Jefferson Meriwether
Veteran
- Location
- Worthing
I normally work at a private boarding school (Currently furloughed ) on a 4 on/4 off shift pattern. Being a private school, it gives very good holidays & the regular 4 days off during term times are like mini breaks. All in all I feel I've got a good work/life balance going on so don't have the desire to retire any time soon.
Plus, at 41 I feel I'm far far too young to be retiring.
Plus, at 41 I feel I'm far far too young to be retiring.
