Darlo1973
Striker
"We need a single source of truth to report on everything we do"
Look, if I could solve that problem in a corporate environment then I would have setup my own business and I'd be a billionaire.
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Retirement
- Thread starter Shieldsman
- Start date
"We need a single source of truth to report on everything we do"
Look, if I could solve that problem in a corporate environment then I would have setup my own business and I'd be a billionaire.
archiesdad
Midfield
Comes around quickly. The issue is had in the final couple of years was motivation. I ended up leaving a year earlier than planned as I just couldn't do it any longer.
Shandy drinker
Striker
Same shit recycled every 3 to 4 years pushed me to take the plunge and the cycle getting more frequently
That on top of younger useless knowalls coming in with new ideas that’ll never work
Break things then leave and it’s left to the “dinosaurs” to put it right
Darlo1973
Striker
Until recently I had 3 years in my head as escape plan but I'm starting to think that I will do well to last another 12 months.
Luna17
Striker
Multiple holidays ?
THis and helping the kids out if they needed it, season ticket, gym membership, Durham membership, golf membership, ******* membership it all adds up
Darlo1973
Striker
It's common in my area for recently retired people to come back on consultancy rates to fix things that the "next generation" have broken. I'm just not sure that I can be bothered. You broke it. You fix it.
Swindon On Tour
Striker
Bring in the consultants.
Ffs not again.
In they come with the perfect World ideas and then realise the perfect World doesn’t exist.
Fook it up, disappear with a large cost that then needs to be recovered by those left.
Rinse and Repeat.
I don’t miss that or the justification reports to get extra resources in the teams.
When you stop it makes you think, did I actually do all that Corporate Bullshit.
No more and never again.
As for those facing this now. You don’t need as much as you think and you can top it up with part time work that suits you.
Once you have it in your mind that you are out it slows everything down.
You simply want out and the motivation plummets. It did for me.
I even had an excel sheet with every day on it and every Monday deleted another 7 days.
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same here, got 22 months left (not that I’m counting!) but what I’ll probably do is wrap up my current contract in 6 months or so and then just be super-picky about my next one - hey presto! accidental retirement
You can call me Al
Goalkeeper
I’m 55 and set it at April 2029 when the Govt will take the 15% NI savings direct from businesses, currently everything I salary sacrifice is topped up by 15% from the business NI savings because they don’t keep it and put it in my pension for free.
Then there is the opted out stuff I cannot work out on state pension effect, so finishing another tax year to help the missing years.
Then there is the £1,073k that I would hit about 18 months later. Me and the wife are about the last generation of well off pensioners, just hope we live healthy long enough to enjoy it.
Zero motivation left, WFH 2 or 3 days a week, every other Friday off. As you say it will come quickly but there are a lot of holidays and stuff to do before then so not wishing my life away but I’m beginning to wish it would hurry up and still enjoy the good stuff in between. Probably makes no sense!
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pfoz88
Winger
Jesus man! Shhhhh.
You can call me Al
Goalkeeper
Anar, mine is flying whilst Trump tries to fuck it up.
DaveH
Striker
HR hate that sort of thing on goal setting forms.
I got picked up at 29 for not setting many career goals. I had just joined the place I was working, a huge organisation doing networking with a complexity I had never been exposed to before. I said I wanted to stay where I was for around 10 years, because I loved the technical challenge and felt it would take 3-4 years minimum to be quite knowledgeable about all areas, 7-8 years to be considered an expert.
The only promotion option was management and I did not want to do that and move away from technical until I felt I had really mastered it.
I was told to be more ambitious, so I through in loads of tech jargon about what I wanted to learn and achieve. Some of it was made up. They left me alone after that.
Around 39 I started getting bored of the technical, interested in management to get into the fight against overall poor management at the place, so actually it turned out my 10 year estimate was spot on.
Marcosplace
Striker
Im 56 soon. Decided that 58/59 will be the time. But now could be earlier when I realised how much supply teaching is!
I would be financially better off taking my pension and then doing supply teaching. Need to check taxes etc. though.
I would be financially better off taking my pension and then doing supply teaching. Need to check taxes etc. though.
You can call me Al
Goalkeeper
My brother retired as a teacher at 55 and after 24 hrs they re-hired him. Dinnar the ins and outs but I’ve heard other teachers doing this malarkey for tax and lump sums. He had to take the pension for one day for some reason.
Darlo1973
Striker
Retiring for one day happens in the police too
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Should have at least taken a week off for a holiday.
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Matt Hopkins
Winger
Yes
42
Striker
Three quarters of people arent on track for moderate retirement
However when you consider average salary & wages, then deduct NI, other retirement related savings, mortgage, childcare (expenses you wont have in retirement) then why do you need anywhere near that for what they consider moderate. People on average arent on track for that because they dont earn enough. Its just ridiculous their numbers.
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However when you consider average salary & wages, then deduct NI, other retirement related savings, mortgage, childcare (expenses you wont have in retirement) then why do you need anywhere near that for what they consider moderate. People on average arent on track for that because they dont earn enough. Its just ridiculous their numbers.
Fletch
Striker
have you had any issues or has it been ok ?
if dont mind me asking do you just have one fund or a mixture - i read recently that you cant specifiy what fund they should sell when you drawdwon and they take a mix from acroiss the board
as an example - using 100k for simplicity , if you had say 70k as 80/20 (equity/bonds) and 30k as 40/60 , you cant specify from which "pot" to sell ?
