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Retirement


Ned Land said:
Well that went down like a lead balloon when I told her that I’m retiring at 56 and living on £17k tax free for 3 or 4 years :lol:

I asked what she’s doing re: pensions as they’ve consciously moved to 0.7 FTE - it seems like she’s going to be working forever while I post shite on here and pay for exotic massages etc.
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This is me, my wife seems to think that my retirement and her retirement are the same thing.
I've paid a decent amount each month into my pension since my early 20s and she jumped around various things without pensions for a few years and has only really been part of a decent scheme for 10 years.
So my retirement looks good, hers won't be enough to cover her income, so it looks like I'll have to work longer to cover her lower pension.
 
a1970man said:
This is me, my wife seems to think that my retirement and her retirement are the same thing.
I've paid a decent amount each month into my pension since my early 20s and she jumped around various things without pensions for a few years and has only really been part of a decent scheme for 10 years.
So my retirement looks good, hers won't be enough to cover her income, so it looks like I'll have to work longer to cover her lower pension.
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Its either that or put up with the constant huffing & puffing that she has to go to work, and you dont.

Im in a similar position as my misses is a few years younger (insert the Alan Partridge back of the net meme), so chucking a decent amount away each month to get us both out early as couldn't be done with her twisting about it.
 
a1970man said:
This is me, my wife seems to think that my retirement and her retirement are the same thing.
I've paid a decent amount each month into my pension since my early 20s and she jumped around various things without pensions for a few years and has only really been part of a decent scheme for 10 years.
So my retirement looks good, hers won't be enough to cover her income, so it looks like I'll have to work longer to cover her lower pension.
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I’m in the dog house now. I’ve been planning and investing, she’s due a decent inheritance but I don’t know how she intends to invest what’s been gifted to her already. I suggested that she drip feeds into a SIPP but getting her hair done is more important.
 
My missus is 3 years younger and as mentioned earlier, works part time after giving up her full time job to move, no complaints from me, even though she wanted the move.
She worked part time, about 15 hours per week, for 11 years until 2020 then she went full time, so I reckon she should work to make the hours up. She enjoys her work so I don’t feel too bad.
Most of our savings has been from me, pension and inheritances, and she has an inheritance due some time in the future which will hopefully not be for a while yet.
 
Our head of internal and external customer account relationship brand management (UK & EIRE) manager is retiring at 52, been at the company since he was 15 (skipped a year at school). I asked him the secret, as 52 is young to retire (his wife is 29 and she’s also retiring). He says the best thing you can do for your retirement is save for retirement in a pension out of your salary. Either that or marry a head of internal and external customer account relationship brand management (UK & EIRE) manager. I don’t like the idea of either.
 
a1970man said:
This is me, my wife seems to think that my retirement and her retirement are the same thing.
I've paid a decent amount each month into my pension since my early 20s and she jumped around various things without pensions for a few years and has only really been part of a decent scheme for 10 years.
So my retirement looks good, hers won't be enough to cover her income, so it looks like I'll have to work longer to cover her lower pension.
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At the moment (over 9 years away), my wife thinks she will keep working if I retire. She is a couple of years younger than me.

She is freelance and really enjoys what she does. She gets herself jobs that she likes and passes on the ones she does not. She went a long while without paying into a pension and the one she had was not that great. Most of my planning is that we will live off my pension plus what we save by not having mortgage payments soon. I'm planning on my good pension covering her shortfall for her half. But if she decides to go on working when I stop then it makes it even easier for me.

The big bit is will that feeling of enjoying work and keeping going last, when I can do what I want when I want? If I could retire now, I could imagine me every so often announcing I'm off to the Lakes for a few days for some serious hiking and she would only be too glad to tell me to enjoy and stay at home. It may change by the time we are older.
 
a1970man said:
This is me, my wife seems to think that my retirement and her retirement are the same thing.
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I do too
we always had separate accounts but adjusted the money to be equal .£100 bill was spilt by means to pay
I find it weird hearing my mate moan because his older wife has asked for more of " his " money
WHD said:
What's that as a %? I don't dare look at mine.

Trump took about £30k out of mine this time last year with his tarriffs, but it recovered. I'm not sure it will recover as quick this time.
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I think if it's dropped 50 that's a very good sized pot
 
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JAZZMANB said:
I do too
we always had separate accounts but adjusted the money to be equal .£100 bill was spilt by means to pay
I find it weird hearing my mate moan because his older wife has asked for more of " his " money

I think if it's dropped 50 that's a very good sized pot
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£500k plus if my wife’s is anything to go by
 
My employer put out a Voluntary Severance scheme at the beginning of Feb to 'close' end of March. All depts/staff considered, but none guaranteed.

I applied, just found out yesterday that mine is rejected. I was going to leave this summer anyway and retire (I'm 59 in Autumn).

My current job pension provider wants 4 months notice to pay out pension on time for leaving date. My employer only needs 1 month's notice to terminate contract. I'm conjuring all sorts of petulant evil plots in my head.

What would you do?
 
Crook said:
My employer put out a Voluntary Severance scheme at the beginning of Feb to 'close' end of March. All depts/staff considered, but none guaranteed.

I applied, just found out yesterday that mine is rejected. I was going to leave this summer anyway and retire (I'm 59 in Autumn).

My current job pension provider wants 4 months notice to pay out pension on time for leaving date. My employer only needs 1 month's notice to terminate contract. I'm conjuring all sorts of petulant evil plots in my head.

What would you do?
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That is a real bummer not to get it. A large redundancy payment when you are going anyway is living the dream.

After being assured there would not be another round of redundancy at my last place, I resigned. A week or two later another was announced and people working their notice were excluded. With 15 years of service, I would have had over a year of wages. It would have cleared my mortgage.
 
It was a shit deal they were offering, That's why I presumed they'd pay up anyone daft enough to take it.

They only offered 6 months money, I've been the 17 years.
 
DaveH said:
That is a real bummer not to get it. A large redundancy payment when you are going anyway is living the dream.

After being assured there would not be another round of redundancy at my last place, I resigned. A week or two later another was announced and people working their notice were excluded. With 15 years of service, I would have had over a year of wages. It would have cleared my mortgage.
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A well timed redundancy is like hitting the jackpot. My last one was when I had already had my final interview for the job I was moving to. It wasn't a lot of money as I had only been there 3 years but it was a nice leaving present which paid for a big holiday between the two jobs.

Been at my current place for 8 years this summer. If I can hang on for another 2-3 then I'd be willing to accept an offer to go away. Maybe not retire permamently but taking a year out sounds like fun.
 
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