Markio Posted January 17, 2010 Report Share Posted January 17, 2010 ............ I am 36 and the word "retirement" still seems like a word that I can only dream about or associate with people over 60. ........ **** off! I'll retire when they kick me out of work at what ever age it is at the time. I'm a bit thick, not financially savvy and at 34 (my real age ) no mortgage to start paying off as i don't own a house! But it's what being married has taught me, unless your lucky or clever you're screwed just not in a good way. Quote Link to comment Share on other sites More sharing options...
starlight32 Posted January 17, 2010 Report Share Posted January 17, 2010 after a bit of an incident last night (went to a mates bday party and found his other half was having an ann summers party in the kitchen...) i have to disagree, vodka does not give you immortality, it makes you do very very very silly things and leaves you with your head down the toilet for most of the day So do you put some nice ladies underwear on and photos were taken??:o You can tell us, and we wont say owt either, and who is gonna know?? Quote Link to comment Share on other sites More sharing options...
PhilR Posted January 17, 2010 Report Share Posted January 17, 2010 At the age of 53 in 2004 I was offered an early redundancy package by my company, as I was over 50 I was paid a lump sum and immediate full pension (final salary scheme). As we were ex civil service an extra 6.66 years was added to my service making it the max 40 years. I spent a year stooging about and shooting whenever I wanted to, but it got boring, old geezers at shooting grounds are just as bad as at golf clubs! I was offered some consultancy work in 2006 in the same line of business and I've been working part time work ever since averaging about 2 days a week. It has stopped me going stir crazy and also wasting all the training and experience I've had over the years. Whenever I meet my old colleagues they all reckon I did the best thing and wished they'd had the opportunity to go when I did. My wife had been offered a similar package in 2002 and decided she'd had enough. The plan was that when I got my offer we'd sell our house, too big for the two of us, downsize and buy a holiday home in France with a long term view of maybe moving over there permanently. However, the in laws now well into their 80s with failing health put the emergency stop to those plans. Any potential house move must now be within an hour of London for any panic trips to them, of which there've been a few. Quote Link to comment Share on other sites More sharing options...
Dunkield Posted January 18, 2010 Report Share Posted January 18, 2010 nice one stupot What prompted the above question is a couple we know are very financially sorted but they don't reckon they can live in the lifestyle they have become accustomed to and would like to maintain until they reckon it's their time to go. That 'when' date is based on parents age at death etc, their general health lifestyle etc and obviously doesn't include being hit by a bus. As for the boredom that people mention, I know loads of retired people, some old some not so (Mungler knows one of them) and they never seem to have any spare time, let alone time to get bored. In fact the people who seem to cark it early are the ones that work their fingers to the bone until retirement age, and then put their feet and do nothing Quote Link to comment Share on other sites More sharing options...
tweedledee Posted January 18, 2010 Report Share Posted January 18, 2010 well guys i will have my small mortgage out of the way by the time i`m 38.i live a humble life and don`t need all the mod cons.when i finish my mortgage we hope to buy something small and secluded in a nice warm part of the world and later on in life move there and use the money from our existing house to live off.i hope to finish up no later than 55 Quote Link to comment Share on other sites More sharing options...
dazza Posted January 18, 2010 Report Share Posted January 18, 2010 It'll be 60 for me. 40 years service will give me a decent pension. Quote Link to comment Share on other sites More sharing options...
activeviii Posted January 18, 2010 Report Share Posted January 18, 2010 I did write a long post but after reading it back i thought better not. basically i retired 10 years ago under medical grounds. bored, lonely and skint comes to mind.lol. i was planned for 55 and saved everything and worked hard for it all. was planning to start enjoying life at 55 but now i wish i had done it from the start and retired every weekend rather than working them. enjoy life as you live as you never know what will happen later in life. Phil. Quote Link to comment Share on other sites More sharing options...
Markio Posted January 18, 2010 Report Share Posted January 18, 2010 I did write a long post but after reading it back i thought better not. basically i retired 10 years ago under medical grounds. bored, lonely and skint comes to mind.lol. i was planned for 55 and saved everything and worked hard for it all. was planning to start enjoying life at 55 but now i wish i had done it from the start and retired every weekend rather than working them. enjoy life as you live as you never know what will happen later in life. Phil. The same conversation me and MC had yesterday. Quote Link to comment Share on other sites More sharing options...
henry d Posted January 18, 2010 Report Share Posted January 18, 2010 .......During the week, I spoke to a fireman friend that got in early and is retiring soon in his mid / late 40's. Hmmm, he can`t get a full pension as you have to be 50 years old and pensionable benefits only start at 20 years of age, even if you joined at 18, you will have paid 2 years and get no benefit. For those joining now they will be able to retire from age 55, however as they recruit from all age groups, some will be 60 when they retire. 60 year old firefighters, both male and female.......scary ! 51 years old for me, unless the rug is pulled from under me by some sneaky politician Quote Link to comment Share on other sites More sharing options...
MPT1 Posted January 18, 2010 Report Share Posted January 18, 2010 I was in a financially secure position when I was 41. My then wife persuaded me that it was to early, so I didn't sell up, move to Shropshire to a smallholding. Shortlyafterwards I jettisoned the wife and half the money, went abroad, went skint and started again. New wife. new kid, I realise now that it will be impossible to fully retire ever just slow down as nature takes it's course. If I were financially able again of course I would retire and never be bored but that's not going to happen. Retirement for many now constitutes being unable to earn a living, scrimping and scraping, turning the lights off, only having the heating on when absolutely necessary, wearing unfashionable clothes and never doing what you would really like to be doing. Quote Link to comment Share on other sites More sharing options...
henry d Posted January 18, 2010 Report Share Posted January 18, 2010 How about, how long do you think you will live?Plays quite a big part in the calculations. Absolutely mate, our calculations for our pension take this in and we can choose to either commute a part to a lump sum or not. If you have bad health and think you won`t make 10 years after retiring @ 50-55, and a lot don`t then you are wise to get maximum commutation and go on a spree. I got a boost to mine with my forces pension otherwise I was snookered and would only have got 24 1/2 years @ 55years old, however I transferred it and sorted my mortgage so that it is paid off at the beginning of the month I retire and I will be © £100 worse off a month than I am now and I will have £90K or so in the bank and I will go beating as often as I can fit in throughout the season and then through the spring I will be shooting woodpigeon and at the foxes, followed by the summer of BBQ`s and waiting for the combines to start and when the stubbles are getting quiet it will be time for the ducks and the partridge/grouse beating.......... Quote Link to comment Share on other sites More sharing options...
ME Posted January 18, 2010 Author Report Share Posted January 18, 2010 Hmmm, he can`t get a full pension as you have to be 50 years old and pensionable benefits only start at 20 years of age, even if you joined at 18, you will have paid 2 years and get no benefit. For those joining now they will be able to retire from age 55, however as they recruit from all age groups, some will be 60 when they retire. 60 year old firefighters, both male and female.......scary ! 51 years old for me, unless the rug is pulled from under me by some sneaky politician Maybe he is older than he looks Malc. I guess he must be in his early 50's then. Still good going. :o Quote Link to comment Share on other sites More sharing options...
Dunkield Posted January 18, 2010 Report Share Posted January 18, 2010 Good call on the beating H, I beat with blokes who are as fit as fiddles, some are in their 80's and a couple of them do 50+ days each season It gets them out in fresh air for the day, they have a good craic, and get a bit of spending money as well - bargain. Quote Link to comment Share on other sites More sharing options...
monkeyboots Posted January 18, 2010 Report Share Posted January 18, 2010 another 7 years pays my mortgage off i will be 43 by then so if im still fit and able id like to be taking things a bit easier and mayabe just work part time 3 days a week or sumthing like Quote Link to comment Share on other sites More sharing options...
Bloke Posted January 18, 2010 Report Share Posted January 18, 2010 Who was it said "It's not the years inyour life, but the life in your years" - they were right. I was forced to retire in 2004(at 49) on health grounds. Five years and 4 operations/chemo etc later. as somebody said a couple of posts back - "bored lonely and miserable" :o ! Then gave myself a kick up the *** - I was a nurse for thirty+ years, seen too many people dead - I am still alive and grumbling, I told myself to get up off my **** and do something! Now I don't have the time to be bored, it's great ! Yes, my pension isn't brilliant and I have to put limits on the expenses, but my mortgage is paid off, I can heat the house and 'eat meat every day', as my old dad used to say! I can afford to shoot (providing the FEOs ever get round to the SGC- 3months and still waiting) I value every day and the difference is that I choose what I do - go and practice at the shooting ground, listen to music, watch the TV, read, walk out in the country etc etc. I don't drink much and have quit the evil fags so that pays for some of the outings. I fully intend to die happy and fairly broke! (At least 100 years from now! ) Retirement obviously brings some reductions in expenditure or lifestyle unless you are lucky enough to have a really good pension scheme, but as long as you don't have a champagne lifestyle and a beer budget, you can still keep well busy and grow old disgracefully!Some people have ****pensions and are not as lucky as some of us on here, I realise that, but if you can have at least one thing that brightens the week, the rest, as they say, is Gravy! Quote Link to comment Share on other sites More sharing options...
tweedledee Posted January 18, 2010 Report Share Posted January 18, 2010 yer healths yer wealth, thats what i was always taught.i owrked with a chap who paid into pensions all his days to retire at 60.he did and was buried 3 months after that. as long as i have heat and food i don`t really want for much more.i have all the guns i need just would like to use them a little more Quote Link to comment Share on other sites More sharing options...
Aled Posted January 18, 2010 Report Share Posted January 18, 2010 Retire: When i win the lottery! A lot will depend on factors outside my control, if my children choose to go to Uni, that will have an affect, if we move house, to a place with a larger garden (my dream), that will have an affect, if we (my wife and I) plan to visit the Southern Hempishere, that will have an affect. In an ideal world, i think i can be in with a chance of retiring from full time work at 55years old, Definately by 58 years old. My wife though has very few hobbies, and will probably have to work purely to keep herself sane until she's well into her 60's! However as others have pointed out here, who knows whats around the corner. OK back to work, lunch break over. Tight Lines Aled Quote Link to comment Share on other sites More sharing options...
Mrs Sweepy Posted January 18, 2010 Report Share Posted January 18, 2010 I like to be able to work for as long as my old body lets me. The thought of retiring and having too spends hours staring at Sweepy(he feels the same) Scares the hell out of me. . We just not used to living in each others pockets. It would drive us both mad. I think where Sweepy is concern he will not have any choice in the matter. Sweepy will have to retire on health grounds.This alone wil drive him mad. In all my years i have never known anyone who works as hard as him. So Hopfully we have got a few more years before that happens. The only thing is if i do carry on then at some stage i would have to rethink my job. As its a very manual job which i for my own health really do not fancy doing in another 20 odd years. Maybe Sweepy will buy me my teashop ive always fancy running. Whatever happens am hoping to be working(maybe not so many hours)but right up too when they put me into the ground. My nan did and she was 92. xxxSuzy Quote Link to comment Share on other sites More sharing options...
rodp Posted January 18, 2010 Report Share Posted January 18, 2010 I hope you all live to enjoy it! Personally I didn't get married until 31 and then put off kids for a while so I've done the motor sport, motor cycle sport, climbing, diving, etc etc while I could afford it and was young enough to do it. Got no money to speak of, house nearly paid off (few years) and probably cannot retire 'til 65, don't care though as I've done what I wanted already (and I like working anyway). Quote Link to comment Share on other sites More sharing options...
scolopax Posted January 19, 2010 Report Share Posted January 19, 2010 Ain't got a clue when I will retire, paid into various company schemes over the years and the money is still out there somewhere I hope, something I suppose I need to sort out, bits of pension here and there. Very fortunate to have a job on the oil rigs that gives me alot of time off to play and enough money to allow me to do most things I want. Currently work two weeks on then get three weeks off, hopefully to go two weeks on four weeks off in the near future, more than happy to carry on with that until I'm 65. A few mates of mine have retired at 50ish recently and all are having a great time, most said they planned to find something part time but are now too busy! Quote Link to comment Share on other sites More sharing options...
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