Get a dog as well, it gives you something to get out the house, I’ve never walked so much in my life in all conditions and I love it. That’s why I want a van to get away as well to do some serious miles with her and see some of this country.Recently gone part time,aged 50,after 30 plus years of shifts/unsocial hours.
Like you,as soon as you can afford it......reduce hours or pack in completely.
Mentally and physically i feel better already.
I read somewhere that shift workers are at a much higher rate of stroke and cardiac arrest too!
Get a dog as well, it gives you something to get out the house, I’ve never walked so much in my life in all conditions and I love it. That’s why I want a van to get away as well to do some serious miles with her and see some of this country.
It’s not a dress rehearsal, if you can retire then do it providing you have plenty of stuff to do . These fuckers in Government want you to work till you’re seventy then drop dead . Enjoy your hard earned while you can , no attraction being the wealthiest resident in a care home .
They say 80% over here, and to be prepared to spend more in your early years of retirement because that’s when you travel, possibly move, buy that last new motor, fo a few bucket list things, etc., before you settle into your actual retirement.Quick rule of thumb aim for 60 to 65% of your before tax employed income.
Had a conversation in work last week with a lad in his mid 30s. No kids, his wife's a high flyer. I asked him what he thought he was going to retire on. He said they were aiming for £1m each. And were saving to hit that at 60.They say 80% over here, and to be prepared to spend more in your early years of retirement because that’s when you travel, possibly move, buy that last new motor, fo a few bucket list things, etc., before you settle into your actual retirement.
If you figure ~23% tax (all in) and the comfortable amount of $10K/month, you need about $13K/month pre-tax. Of that, $4,500 is Govt Pension total for both of us, another $1,500 for me from the PBGC since my company went bankrupt and dumped my pension. That leaves $7,000/month I’d need to make up. For easy maths, I’ll use a 4% return on retirement monies, which means I’d need a $2.1M nest egg to retire on an inflation-adjusted $10K/mo for life, as long as my investments made about 6% per year.
They (Prudential) also estimate a retired couple will need a minimum of $300,000 to cover their healthcare in retirement!
I think that’s why people die…they can’t afford to live the life they dreamed of during their 45 years of working!
Woopy doo, fucking hell...Me & my Mrs went in to semi retirement at 50 and 44.
Fully retired just before Covid struck at 62 and 56.
We have a monthly allowance of £10k but usually spend nothing like that.
I have a mate, a year older than me and he has a comfortable lifestyle on around 1100 per month including his State Pension.
Any luck with the van yet mate ?Get a dog as well, it gives you something to get out the house, I’ve never walked so much in my life in all conditions and I love it. That’s why I want a van to get away as well to do some serious miles with her and see some of this country.
Still looking, seem very high prices or very high mileage! Considering what they were pre Covid they are still way over priced, im in no hurry so probably this summer will be out maybe next winter I can get something reasonable. My budget for a basic van was £15k at the moment probably £5k short of the spec I want, I’m not going to be rushed as prices are dropping slowly and hopefully more get bored of theirs or sadly businesses go bump and more come to the market.Any luck with the van yet mate ?