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Retirement

I am 8 months into early retirement got out of rat race luckily at 55
Probably spent the last 5 years of my working time wondering if I could give up a decent income and live on my FS pension and various investments S&S, bonds, Isa.
They all seem too pay over time but bottom line is u don’t need as much money once kids have flown nest and main bills are gone.
The answer is yes go for it, the bullshit about missing work makes my toes curl 😂
definitely life is too short, make the most of it while you can 👌
 

Retirement is a long way off for me. Honestly half doubt I'll ever properly hit it with the state of things. Reliant on one of my kids (preferably more?) being a success.

My dad just retired though. Really bad luck in getting some big health problems in his last month so hasn't been able to get on with anything he wanted to.
I'm a bit worried he seems to be spending more time on his phone and some of the comments he has made in recent months... There's hints. A few of my friends report their retired dad's falling down the Facebook rabbit hole and becoming really quite twisted.
 
Bernicia said:
Retirement is a long way off for me. Honestly half doubt I'll ever properly hit it with the state of things. Reliant on one of my kids (preferably more?) being a success.

My dad just retired though. Really bad luck in getting some big health problems in his last month so hasn't been able to get on with anything he wanted to.
I'm a bit worried he seems to be spending more time on his phone and some of the comments he has made in recent months... There's hints. A few of my friends report their retired dad's falling down the Facebook rabbit hole and becoming really quite twisted.
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Shame that mate, is he able to get into a routine of any sort?
I find the gym a great way to start the day bit of a workout, swim then sauna & steam, can do as little of as much as your fitness allows but a great place to have a bit crack on and feel really good when you done, plus nice free shower at the end 👍
 
Bernicia said:
Retirement is a long way off for me. Honestly half doubt I'll ever properly hit it with the state of things. Reliant on one of my kids (preferably more?) being a success.

My dad just retired though. Really bad luck in getting some big health problems in his last month so hasn't been able to get on with anything he wanted to.
I'm a bit worried he seems to be spending more time on his phone and some of the comments he has made in recent months... There's hints. A few of my friends report their retired dad's falling down the Facebook rabbit hole and becoming really quite twisted.
Click to expand...
Just out of interest, and not wanting to drag the thread off topic, how old is your Dad and your mate's Dad's?
 
ChrisK said:
I am 8 months into early retirement got out of rat race luckily at 55
Probably spent the last 5 years of my working time wondering if I could give up a decent income and live on my FS pension and various investments S&S, bonds, Isa.
They all seem too pay over time but bottom line is u don’t need as much money once kids have flown nest and main bills are gone.
The answer is yes go for it, the bullshit about missing work makes my toes curl 😂
definitely life is too short, make the most of it while you can 👌
Click to expand...
The missing work bit gets me every time. I had what most people would consider to be a very good job, I picked whatever work I wanted to do, worked 5 over 4 so never worked Friday, managed my own diary so started and finished when i wanted, but still couldnt wait to finish.

Not sure what kind of life some people live if they will miss work, but we are all different I suppose
 
houghton cut head said:
The missing work bit gets me every time. I had what most people would consider to be a very good job, I picked whatever work I wanted to do, worked 5 over 4 so never worked Friday, managed my own diary so started and finished when i wanted, but still couldnt wait to finish.

Not sure what kind of life some people live if they will miss work, but we are all different I suppose
Click to expand...

I don't think I will miss work but I want something to do in the next few chapters of my life. Whether that is volunteering, hobbies or something else I don't know yet but I wouldn't want to be one of those people waiting outside the pub for it to open each day.
 
Darlo1973 said:
I don't think I will miss work but I want something to do in the next few chapters of my life. Whether that is volunteering, hobbies or something else I don't know yet but I wouldn't want to be one of those people waiting outside the pub for it to open each day.
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Keep myself busy but on a day ☀️ like today after this mornings gym session it was nice to just chill in garden and read 👌 other jobs can wait.
 
ChrisK said:
I am 8 months into early retirement got out of rat race luckily at 55
Probably spent the last 5 years of my working time wondering if I could give up a decent income and live on my FS pension and various investments S&S, bonds, Isa.
They all seem too pay over time but bottom line is u don’t need as much money once kids have flown nest and main bills are gone.
The answer is yes go for it, the bullshit about missing work makes my toes curl 😂
definitely life is too short, make the most of it while you can 👌
Click to expand...

Well done mate. Enjoy your retirement.

You can always meet up work your former workmates for a pint or whatever if you do miss them.
 
archiesdad said:
Just got the docs through with the option to start to take my old works pension when I turn 55 in a few mths, first time in my life I actually feel old!!
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Don’t look at it that way marra ( although your probs joking )
It’s the start of another phase of your life, plenty time to get old just not yet.
 
arthursboy said:
Don’t look at it that way marra ( although your probs joking )
It’s the start of another phase of your life, plenty time to get old just not yet.
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Actually I wasn't joking, it does feel at the moment like the end of something rather than the start, I'm sure I'll get my head around it once I get my cheque 😂
 
You can still work a bit though right, even though you are retired and dipping into the pot?
You just pay tax accordingly on the income you earn/draw.
 
Kent_Mackem said:
You can still work a bit though right, even though you are retired and dipping into the pot?
You just pay tax accordingly on the income you earn/draw.
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Yeah spot on, only difference is if you are working and want to put back into your pot to replenish ya stock you can only put back 10k per year.
 
houghton cut head said:
The missing work bit gets me every time. I had what most people would consider to be a very good job, I picked whatever work I wanted to do, worked 5 over 4 so never worked Friday, managed my own diary so started and finished when i wanted, but still couldnt wait to finish.

Not sure what kind of life some people live if they will miss work, but we are all different I suppose
Click to expand...
I can’t wait to retire but I’ve got 2.5 years till I get my pension. I packed my job in at the end of May and haven’t missed working at all. Unfortunately I’m going to need to look for a new one soon purely for financial reasons.
 
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