Retirement...when, how old and how much??

halfmist said:
This is what retirement is all about but there is always someone happy to call you a smug twat for actually enjoying it.
Having a lot of money in to retirement helps massively to do the stuff that could only be dreamed about when working.
The thought of retiring on a State Pension with very little other income would be very restricting.
Click to expand...

A nightmare although I think you'd be entitled to pension credits etcetera
 
So....aside from the free bus pass what other benefits do you get, if any, on reaching FOC age?
 
I retired three years 'early' and don't know where the time has gone.

I did wonder if I'd get a little bored or handle our long winters, but honestly the time flies by. I'm not one for TV until the evening, although I might pop it on when/if I stop for lunch, but not for sitting all day watching it.

It suits my personality, I can do what I want, when I want and love it. I'm fortunate that I am fit and healthy, still play football and walk a couple of miles most days.

Can't wait until spring comes and the garden is workable, but I love growing my vegetables and just pottering around out there, even mowing the grass.

I think it all depends on the individuals personality.

My better half would struggle when she eventually gets to that point. She likes shopping and interaction with people, so if she couldn't be out and about all the time with money to spend, it would be tough for her.........probably for me as well!! :) :) :)
 
Slipper One said:
I retired three years 'early' and don't know where the time has gone.

I did wonder if I'd get a little bored or handle our long winters, but honestly the time flies by. I'm not one for TV until the evening, although I might pop it on when/if I stop for lunch, but not for sitting all day watching it.

It suits my personality, I can do what I want, when I want and love it. I'm fortunate that I am fit and healthy, still play football and walk a couple of miles most days.

Can't wait until spring comes and the garden is workable, but I love growing my vegetables and just pottering around out there, even mowing the grass.

I think it all depends on the individuals personality.

My better half would struggle when she eventually gets to that point. She likes shopping and interaction with people, so if she couldn't be out and about all the time with money to spend, it would be tough for her.........probably for me as well!! :) :) :)
Click to expand...
Exactly this.
I semi retired at 50 and my Mrs at 44 and then the both of us fully when I was 62 just before lockdown.
I am quite happy pursuing my own hobbies and I was also concerned how my Mrs would cope if I did a Rod Stewart and locked myself in my hobby room for hours on end with my model railway.
I persuaded her to join the local WI , it’s not all about raising funds for the Tories or Jam and Jerusalem and she now has lots of interests.
During the winter months we make a point of going to the pub 6-8 or lighting the fire having a game and a catch-up.
Neither of us would ever work again no matter what incentives they come up with.
 
halfmist said:
It’s good to see someone put a very reasoned case together without becoming abusive.
Just to deal with the points you make.
Human nature being what it is everyone wants more, there just isn’t enough to give everyone what they want.
As regards the pension changes, we know why the Government brought that change in, the NHS consultants refused to work additional hours as their effective tax Tate became 55%.
Some additional tax will be recovered when they get around to drawing their pension.
Capital Gains Tax. It was proven last time they raised the rates the tax take went down.
Dividends rates in line with income tax, the main losers there would be the pension funds and ultimately those with a private pension fund so less incentive to save and hence become more reliant on the State.
I think the evidence says the wealthy are paying a higher percentage rate than they have ever done before.
Tax them even further and then why would they bother taking risks, employing others, putting their wealth on the line etc with personal bank guarantees.
Some might not like it but it’s a fact the market determines what your worth as an employee
Click to expand...
Boo fucking hoo
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top
✖
  AdBlock Detected
Bluemoon relies on advertising to pay our hosting fees. Please support the site by disabling your ad blocking software to help keep the forum sustainable. Thanks.