• The first stage of the forum upgrades has now been completed but they remain in a degraded state and are still being worked on. Normal posting/reading should now be possible.
    Please read this thread for more details.
    New user registrations are currently disabled.

Retirement

DaveI said:
Any teachers on here making AVC’s? Do you have to use Prudential or are there other options? ‘Er indoors has emailed the Teacher’s Pension bods but nobodies bothered to reply.
Click to expand...
4 day weeks
How will parents manage the extra day off

You must be logged on to see external links
 

DaveI said:
Any teachers on here making AVC’s? Do you have to use Prudential or are there other options? ‘Er indoors has emailed the Teacher’s Pension bods but nobodies bothered to reply.
Click to expand...

Do you get the benefit of salary sacrifice? If not, you might just be better opening your own SIPP
 
Darlo1973 said:
Vanguard is good choice if you just want to keep things simple rather than having hundreds of funds to choose from. They've also been around forever so have more of a track record than these app-only startups.
Click to expand...
Thanks and to Fletch too.
Surprised by the sheer quantity of funds on offer. Tempted to just stick say £500 per month in a LifeStrategy 100% equity fund as will be there for over 10 years. Presume can derisk near the time of retirement. Will just be looking to drawdown rather than annuity
 
Mr Bump said:
Thanks and to Fletch too.
Surprised by the sheer quantity of funds on offer. Tempted to just stick say £500 per month in a LifeStrategy 100% equity fund as will be there for over 10 years. Presume can derisk near the time of retirement. Will just be looking to drawdown rather than annuity
Click to expand...

That's nothing compared to the choice of funds you get from other providers. Vanguard only offer their own.

Yes the LS 100 is a good place to start if you are more than 10 years from retirement.
 
mickb2112 said:
I`ve been loitering here taking an interest in people`s plans and circumstances as I am considering retirement soon/very soon.

I lost my wife to cancer a year and a half ago. She retired early on medical grounds but never really had the chance to enjoy her retirement.

I bitterly regret not retiring at the same time but back then when we first discussed it, I`d have taken a big hit on my annual pension and lump sum. She was worried for me how I`d cope financially if I retired then so I kept working. At least I was able to work from home so was on hand whenever she need anything.

I decided after I lost her that I`d work until I was 60 then I`d have a decent pension and lump sum to last me to 67 and that`s been my plan ever since.

BUT

After being content to be alone for the rest of my life, I`ve met someone. It`s a nice story but there is a sting. I first met her on her 18th birthday in 1985 and we wrote to each other as friends for a few years while we were both a uni. In 1990 we got together for a while but she`d moved down south so it fizzled out. She did absolutely nothing wrong and think that the distance and our young age is the reason it ended. Fast forward to this summer. She had moved back up here to look after her Dad and I randomly got in contact to see how she was and soon after we met up for the first time in 35 years and hit it off straight away and we basically picked up where we left off. It feel like fate intervened while I was at my lowest to pull me round. I never expected that to happen and all I`d hoped for when I contacted her was an occasional message at Christmas/birthdays etc but you get hit when least expecting it.

BUT

She has stage 4 cancer and is on her last line of treatment which so far is working. My mortgage is paid off in June and now I am having a big rethink of my plans. I don`t know how long we`ve got and don`t want to waste the upcoming summer being stuck in the office. I want to make every day count with her.

I`m going to check my pension calculator today but I assume going at 59 and a half instead of 60 won`t make a significant difference to my pension.

I`m quite risk averse so I suppose I`m just trying to get some reassurance for a decision I think I've already made.
Click to expand...
Jeez fingers crossed for you both. If a work pension scheme, is there any free advice on offer? I’d have thought 6 months won’t make a big difference to your annual amount but might make a huge difference to quality of life to you both in that time. Easy for me to say of course but seen a few older people at work hang on a bit longer and then massively regret it because of family ill-health
 
Darlo1973 said:
That's nothing compared to the choice of funds you get from other providers. Vanguard only offer their own.

Yes the LS 100 is a good place to start if you are more than 10 years from retirement.
Click to expand...
The more funds on offer the more complex it gets. For most folk all you need is a good diverse all world fund, a good bond fund and a money market. Vanguard offer all this.
 
Mr Bump said:
Thanks and to Fletch too.
Surprised by the sheer quantity of funds on offer. Tempted to just stick say £500 per month in a LifeStrategy 100% equity fund as will be there for over 10 years. Presume can derisk near the time of retirement. Will just be looking to drawdown rather than annuity
Click to expand...

The LS funds have quite a uk bias (guessing its a currency hedge) some investors dont like it, and prefer something like the ftse global all cap index fund
 
Mr Bump said:
Thanks and to Fletch too.
Surprised by the sheer quantity of funds on offer. Tempted to just stick say £500 per month in a LifeStrategy 100% equity fund as will be there for over 10 years. Presume can derisk near the time of retirement. Will just be looking to drawdown rather than annuity
Click to expand...
I dunked a few quid in all three life strategy ones. From memory I think the 80/20 is performing best over the last 3 years or so.
As savings rates start to head down I will start looking for more of these funds from other providers just to mix it up a bit more. I'm sure there is more to be made with a little bit more effort on my part but being lazy I tend to go for the ready made ones.
 
Last edited:
42 said:
The LS funds have quite a uk bias (guessing its a currency hedge) some investors dont like it, and prefer something like the ftse global all cap index fund
Click to expand...

Vanguard claim this is due to "customer demand" but at least it gives people a choice between funds with a UK bias and those without.
 
42 said:
The LS funds have quite a uk bias (guessing its a currency hedge) some investors dont like it, and prefer something like the ftse global all cap index fund
Click to expand...
Probably wise to not be too US exposed at the moment I would say with the tech stocks being a bit over valued. The LS funds seems a decent bet at the minute.
 
mickb2112 said:
I`ve been loitering here taking an interest in people`s plans and circumstances as I am considering retirement soon/very soon.

I lost my wife to cancer a year and a half ago. She retired early on medical grounds but never really had the chance to enjoy her retirement.

I bitterly regret not retiring at the same time but back then when we first discussed it, I`d have taken a big hit on my annual pension and lump sum. She was worried for me how I`d cope financially if I retired then so I kept working. At least I was able to work from home so was on hand whenever she need anything.

I decided after I lost her that I`d work until I was 60 then I`d have a decent pension and lump sum to last me to 67 and that`s been my plan ever since.

BUT

After being content to be alone for the rest of my life, I`ve met someone. It`s a nice story but there is a sting. I first met her on her 18th birthday in 1985 and we wrote to each other as friends for a few years while we were both a uni. In 1990 we got together for a while but she`d moved down south so it fizzled out. She did absolutely nothing wrong and think that the distance and our young age is the reason it ended. Fast forward to this summer. She had moved back up here to look after her Dad and I randomly got in contact to see how she was and soon after we met up for the first time in 35 years and hit it off straight away and we basically picked up where we left off. It feel like fate intervened while I was at my lowest to pull me round. I never expected that to happen and all I`d hoped for when I contacted her was an occasional message at Christmas/birthdays etc but you get hit when least expecting it.

BUT

She has stage 4 cancer and is on her last line of treatment which so far is working. My mortgage is paid off in June and now I am having a big rethink of my plans. I don`t know how long we`ve got and don`t want to waste the upcoming summer being stuck in the office. I want to make every day count with her.

I`m going to check my pension calculator today but I assume going at 59 and a half instead of 60 won`t make a significant difference to my pension.

I`m quite risk averse so I suppose I`m just trying to get some reassurance for a decision I think I've already made.
Click to expand...
Does retirement have to be permanent?

Why not consider it as a career break for 12 months then reassess how you are doing? You might find you can live and enjoy life on what you have now, or if that is not working then you have options to go back to your old line of work, go back part time or do a low stress lower paid job to top things up.
 
DaveH said:
Does retirement have to be permanent?

Why not consider it as a career break for 12 months then reassess how you are doing? You might find you can live and enjoy life on what you have now, or if that is not working then you have options to go back to your old line of work, go back part time or do a low stress lower paid job to top things up.
Click to expand...

I was going to suggest the same @mickb2112

If your firm offers a career break and you can afford to get by on savings for a year then do that and take it from there.

Some even offer holiday pay and/or count it as another year of service.
 
mickb2112 said:
I`ve been loitering here taking an interest in people`s plans and circumstances as I am considering retirement soon/very soon.

I lost my wife to cancer a year and a half ago. She retired early on medical grounds but never really had the chance to enjoy her retirement.

I bitterly regret not retiring at the same time but back then when we first discussed it, I`d have taken a big hit on my annual pension and lump sum. She was worried for me how I`d cope financially if I retired then so I kept working. At least I was able to work from home so was on hand whenever she need anything.

I decided after I lost her that I`d work until I was 60 then I`d have a decent pension and lump sum to last me to 67 and that`s been my plan ever since.

BUT

After being content to be alone for the rest of my life, I`ve met someone. It`s a nice story but there is a sting. I first met her on her 18th birthday in 1985 and we wrote to each other as friends for a few years while we were both a uni. In 1990 we got together for a while but she`d moved down south so it fizzled out. She did absolutely nothing wrong and think that the distance and our young age is the reason it ended. Fast forward to this summer. She had moved back up here to look after her Dad and I randomly got in contact to see how she was and soon after we met up for the first time in 35 years and hit it off straight away and we basically picked up where we left off. It feel like fate intervened while I was at my lowest to pull me round. I never expected that to happen and all I`d hoped for when I contacted her was an occasional message at Christmas/birthdays etc but you get hit when least expecting it.

BUT

She has stage 4 cancer and is on her last line of treatment which so far is working. My mortgage is paid off in June and now I am having a big rethink of my plans. I don`t know how long we`ve got and don`t want to waste the upcoming summer being stuck in the office. I want to make every day count with her.

I`m going to check my pension calculator today but I assume going at 59 and a half instead of 60 won`t make a significant difference to my pension.

I`m quite risk averse so I suppose I`m just trying to get some reassurance for a decision I think I've already made.
Click to expand...
I take it you're not self employed ? I read your stuff about interviews so thought maybe freelance . No chance of a year off?
Edit ,should have read thread to end
 
DaveH said:
Does retirement have to be permanent?

Why not consider it as a career break for 12 months then reassess how you are doing? You might find you can live and enjoy life on what you have now, or if that is not working then you have options to go back to your old line of work, go back part time or do a low stress lower paid job to top things up.
Click to expand...

That's my plan. Another 3 or 4 years to build up the piggy bank then take a year out (being made redundant would be ideal) to do some thinking about what to do next as a grown up.
 
DaveH said:
Does retirement have to be permanent?

Why not consider it as a career break for 12 months then reassess how you are doing? You might find you can live and enjoy life on what you have now, or if that is not working then you have options to go back to your old line of work, go back part time or do a low stress lower paid job to top things up.
Click to expand...
A mate of mine did that. He retired, was retired for 10 months, was bored, went back to work, lasted 3 months before telling his new boss to feck off then retired again 😊
 
You must log in or register to reply here.
Back
Top