Retirement

[The Great Soprendo]

Has anyone tried talking to these people? Might set up an appointment to talk to them, can't lose anything other than the time it takes I guess:

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[Swindon On Tour]

Fantastic Marra, pleased for you, been retired for 18 months and have no idea how i found time to work tbh. You‘ll love it, the feeling on a Sunday night knowing you have no work in the morning is just sublime, not to mention coming back off holiday / Christmas without that work dread etc.
The corporate thing did for me too, emperors new clothes bullshit, having to sit there and pretend like you don’t see through it while watching the climbers blow smoke up the managements arses, became impossible to continue for me. Couldn’t sacrifice my integrity for one more day.
Enjoy it, you’ve earned it.

Bloody hell we must have been on the same teams calls
That Sunday scenario is something that I’ve dreamt about for years.

 

[DaveH]

Mate - Superb.
To think I am done at Christmas and won’t have that January going back dread.
Instead painting the house and all the other things that seem to get left or rushed.


Sounds like what I am going to do.
Mrs (no) already agreeing doing 4 days a week thus we get a day together.

”Will you still be going to football?”
I think we know the answer


Been reading your posts for a long time Mate.
You know what, you never think you have enough however when it’s mapped out for you it makes it a little clearer.
The concept for me is around money, as important time and getting out of this Corporate bollocks and managing people.
No longer will I have to write succession plans, worry about somebody leaving, budgets and all the shite I have detested for such a long time.

Just have to worry about our shite defence and a sat nav address to Crawley

Made of for you my friend.
Ever down this way come and have a beer


This, this and this.
Already the mind is thinking I need a job, what if etc.

Simply you don’t and it’s the years that have engineered our brains to think just that.
Will have a few months off doing just that, fk all and if she starts moaning then will just go out for that extended dog walk.

You are going to be unbearably smug on this thread next year.

 

[Swindon On Tour]

Has anyone tried talking to these people? Might set up an appointment to talk to them, can't lose anything other than the time it takes I guess:

You must be logged on to see external links

Nothing to lose but they won’t tell you much that you already don‘t know.
They will direct you to a pension advisor.

You are going to be unbearably smug on this thread next year.

Hope I never change Mate, still watching the shite thus susceptible to normal mood swings

 

[Slim999]

Yes I've been looking

It's basically in a Multi Asset pot ( mainly stocks ) and has grown by 17% in iast 5 years which is dismal imv.

Global equities funds have risen 50%+ in 5 years in some cases

Switching the allocation online is a bit confusing so I ve asked them to look into it.

Amazing isn't it - you pay someone a fee to manage your investment amd they let it stagnate in a dead pool

Since I wrote this post, I switched 70% of my pension holding ( 200k total) to a Global Equities fund which had shown 60% increase over 5 years .

This was actually done by the L&G pension fund manager once I'd identified the fund I wanted to switch to.

1 week in & I'm already £3k to the good.

Hoping for big growth over the medium term

Thanks to all the folk on here who advised me to do this.

II've had better pensions advice on SMB than I ever got in 15 years with Legal & General

 

[NorthCountryBoy]

Since I wrote this post, I switched 70% of my pension holding ( 200k total) to a Global Equities fund which had shown 60% increase over 5 years .

This was actually done by the L&G pension fund manager once I'd identified the fund I wanted to switch to.

1 week in & I'm already £3k to the good.

Hoping for big growth over the medium term

Thanks to all the folk on here who advised me to do this.

II've had better pensions advice on SMB than I ever got in 15 years with Legal & General

Judge it another 5 years mate

 

[Hair Flick]

Judge it another 5 years mate

Or retire next week while the going’s good

 

[Slim999]

Judge it another 5 years mate

I will of course .

But it's £2.8k higher now than if I left it in the UK stocks fund it was in before

Or retire next week while the going’s good

I take £20k out every couple of years - so growth at any point is good

 

[ChrisK]

In reality what age is a good time to pack in work and enjoy life, 50’s,60’or70’s
50’ great still young enough to go mad
60’ about sensible time to slow down
70’ missed the last boat

 

[Slim999]

In reality what age is a good time to pack in work and enjoy life, 50’s,60’or70’s
50’ great still young enough to go mad
60’ about sensible time to slow down
70’ missed the last boat

Depends on how much you want to retire- or how much you want to keep working.

Late 50s for me seemed right- and still seems right .

After 35 years you tire of corporate bullshit and office politics etc

 

[Kidder]

Depends on how much you want to retire- or how much you want to keep working.

Late 50s for me seemed right- and still seems right .

After 35 years you tire of corporate bullshit and office politics etc

Van I just ask, public or private sector?

 

[Slim999]

Van I just ask, public or private sector?

Bit of both

 

[Kidder]

Bit of both

Figured bit of public sector. No disrepect intended. It's hugely not possible to retire early in private sector that early

 

[Slim999]

Figured bit of public sector. No disrepect intended. It's hugely not possible to retire early in private sector that early

Depends what your job was and how much you'd put aside .

No disrespect taken

Figured bit of public sector. No disrepect intended. It's hugely not possible to retire early in private sector that early

Ps my retirement wouldn't have been possible at that age only on the basis of the pension pot

Also some money put by from property sales etc .

And a bit of inheritance

In general I agree - very difficult to retire early in a averagely paid private role .

My career was about 50:50 private & public

Public amassed 90,% of pension benefits

 

[Kidder]

Depends what your job was and how much you'd put aside .

No disrespect taken

Ps my retirement wouldn't have been possible at that age only on the basis of the pension pot

Also some money put by from property sales etc .

And a bit of inheritance

In general I agree - very difficult to retire early in a averagely paid private role .

My career was about 50:50 private & public

Public amassed 90,% of pension benefits

Don't blame you one bit. Fair play to you

 

[Tuono]

In reality what age is a good time to pack in work and enjoy life, 50’s,60’or70’s
50’ great still young enough to go mad
60’ about sensible time to slow down
70’ missed the last boat

20's and early 30's.
But if you're asking about retiring there is no correct answer. Everyone is different.

 

[ChrisK]

20's and early 30's.
But if you're asking about retiring there is no correct answer. Everyone is different.

Your right everyones circumstances are different, some people have paid there way into a pension scheme giving them the option to retire early or continue working, were others have no choice but to continue working as they have no work pension until the state pension kicks in.

 

[Deleted member 55162]

Your right everyones circumstances are different, some people have paid there way into a pension scheme giving them the option to retire early or continue working, were others have no choice but to continue working as they have no work pension until the state pension kicks in.

Completely mate.

Recency bias is the big thing now. “I can get 6% from a 1 year fixed rate savings plan in the bank”. Not understanding that pensions are not bank accounts (unless they are holing accounts in SIPP’s which won’t offer rates like that) and that this is the first time these rates have been around for 15 years.

Ultimately most people’s thoughts during stagnant markets and “high” interest rate environments are counter-intuitive. Let’s just cash in and get 5% in the bank or whatever. That’s a 100% long term loser.

 

[houghton cut head]

Figured bit of public sector. No disrepect intended. It's hugely not possible to retire early in private sector that early

It is mate, about 98% of my total pension pot is from private sector although 8 of the 38 years were public sector. If I had not been in the public sector during this time I would have more pension without a doubt. It probably is helped by the fact a number of the private sector pensions are DB and I have paid a shit load more into my current fund due to the fact i earn a lot more than I ever would in the Public Sector

 

[Slim999]

It is mate, about 98% of my total pension pot is from private sector although 8 of the 38 years were public sector. If I had not been in the public sector during this time I would have more pension without a doubt. It probably is helped by the fact a number of the private sector pensions are DB and I have paid a shit load more into my current fund due to the fact i earn a lot more than I ever would in the Public Sector

Think he was talking more about average salary related pensions

Obviously if you've been in the super bracket or £60k+ per annum then retiring early is achievable

But you'd be in a small percentile that earned that much

In general for average salaries in the range £25k - £50k then the private pension will rarely deliver what the public pension can in terms of size of pot.

In a couple of my public pensions, the organisation would put in 2 or even 3x my input .

Sofif I committed 8% , - they'd be putting in 16-24%.

This meant that some £12-£16k per annum was going in