The Retirement Thread

[Tenacious Sloth]

Today its wipe the grass, cut the gutters, de moss the windows, then out for a ride on Colin.

oo-er. Surely that should be done behind closed doors?

Graham

 

[screenman]

If it seems I go to work how come I do the same things as you retired folk?

 

[Dirk]

If it seems I go to work how come I do the same things as you retired folk?

But we don't have to go to work to fund it.

 

[screenman]

But we don't have to go to work to fund it.

Nor do I.

 

[Dirk]

Nor do I.

Just out of interest, are you in receipt of any pension/investment income?
If not, how do you fund your lifestyle if, as you say, you don't need to work?

 

[screenman]

Just out of interest, are you in receipt of any pension/investment income?
If not, how do you fund your lifestyle if, as you say, you don't need to work?

Just cash in the bank, but I do not want to go too deep which is why I found something I really enjoy doing that tops it up. I think that finding something you enjoy more than idle time and getting paid for it is the magic formula that few people get.

I would honestly hate to live the lifestyle most of my non working friends live.

 

[Drago]

Yeah, I'm careful with my cash in the bank too. Particularly so now I'm down to my last £105,000

 

[screenman]

Yeah, I'm careful with my cash in the bank too. Particularly so now I'm down to my last £105,000

I would be as well.

 

[Dirk]

Yeah, I'm careful with my cash in the bank too. Particularly so now I'm down to my last £105,000

Yeah, but that's got to last another 20 years until you get the state pension.
Mine's only got to go 3 years.

 

[Drago]

Its going up by about £1300 each month, as most months we live off Mrs D's pension and don't touch mine, so if I'm not stupid it should last me to state pension age.

 

[Dirk]

Our plan is to live off our private pensions and draw down of our lump sums slightly each month.
This enables us to buy whatever we want when we fancy it and maintain our previous (working) lifestyle standards.
We should get to the age of 66 with at least 60% of our lump sums cash intact.
The state pensions kick in then and I reckon we'll be home and dry.
Considering selling the bungalow at that time and moving in to rented, thereby releasing a large lump of capital which we can waste at our leisure.

 

[Drago]

Aye, when Mini Drago finishes primary school I'll be heading home to Shetland, will sell the bungalow and the cash will go in trust for Mini Drago. A nice 200-250,000 sheets for her to start out.

 

[Dirk]

Aye, when Mini Drago finishes primary school I'll be heading home to Shetland, will sell the bungalow and the cash will go in trust for Mini Drago. A nice 200-250,000 sheets for her to start out.

We haven't got any kids, so we will just have to blow it on ourselves. Bungalow next door to us just gone on the market for £350+k.

 

[Arsen Gere]

May be of interest
https://www.theguardian.com/money/blog/2017/apr/22/save-40-a-week-retirement-which-report

 

[Dirk]

May be of interest
https://www.theguardian.com/money/blog/2017/apr/22/save-40-a-week-retirement-which-report

Interesting article, thanks.