How are you doing matey.
Good post. You have already done your bit for the kids if they are commanding those sort of salaries. There may be something in your age gap theory. My Mrs is several years younger than me and with no kids I would be happy to rent rather than buy when we sell up and then go on a bit of a spend spend spending spree. She is more cautious perhaps on the basis I am likely to go first. I try to explain, if she gets to that age where she needs a care home one bedroom is pretty similar to another once she has lost the plot and the staff are poorly paid whether they work in a posh one or a Local Authority one so money won’t necessarily get her better care.We are almost mortgage free and I want to downsize to give us a decent pot to put with our small savings.
But the missus is obsessed with leaving the house to the kids, the kids now being in their 30s and all in salaries I could only dream of when I was that age.
We live ok with a joint income of around 75k
I retire in 3 years missus still has 8 to go
I keep trying to convince her that they will still get the house between them its just not
As much and they don’t really need these amounts of money seeing as they are all on 40-45k and our time is now.
As a side note all this bollox about houses not selling and prices dropping just isn’t true where I live, houses are selling same day and values are increasing.
If I can’t convince her it’s not end of the world I just think our age gap of 5 years is starting to show on issues like this.
I’ll be 71 by the time she retires probably to old to do anything.
You’d not get many homes in London on that.I'd say £50,000 household income if you have kids and want a house, 2 cars, couple of holidays a year etc.
The OP said based on living in the UK, outside London.You’d not get many homes in London on that.
Downsize and enjoy it, the kids seem set anyway and I’m sure they’d would want you to enjoy it, I’ll be 80 when my wife retires,she’s got 25 years to go!if I’m still around! That’s the problem if you marry someone younger and retire very early like me. We have major issues with it at the moment as we have a 10 year old as well, I’m tied in what I can do, I want to get my camper and fuck off for a few days etc but then we still have school run etc.We are almost mortgage free and I want to downsize to give us a decent pot to put with our small savings.
But the missus is obsessed with leaving the house to the kids, the kids now being in their 30s and all in salaries I could only dream of when I was that age.
We live ok with a joint income of around 75k
I retire in 3 years missus still has 8 to go
I keep trying to convince her that they will still get the house between them its just not
As much and they don’t really need these amounts of money seeing as they are all on 40-45k and our time is now.
As a side note all this bollox about houses not selling and prices dropping just isn’t true where I live, houses are selling same day and values are increasing.
If I can’t convince her it’s not end of the world I just think our age gap of 5 years is starting to show on issues like this.
I’ll be 71 by the time she retires probably to old to do anything.
I see.The OP said based on living in the UK, outside London.