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Retirement

Joe Baker said:
Not sure that's true.
Spending patterns change over time but don't neccessarily decrease.
I dont want to be old(er) and not have the money to make my life easier at that age.
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It doesn't take much money to keep the house warm and pop to the club or whatever at 90 plus . The big money goes on expensive treats and socialising etc
My mother and my aunty were on state pensions only and left money behind.
There's always the 95 year old globe trotter of course
 

Tuono said:
I retired in December but did 3 days work in February to help out and enjoyed it. Last week I got a phone call asking if I'd do a weeks work setting out a roof as the client asked for me specifically to do it. I agreed but to be honest the thought of going in to work on Monday has ruined my weekend and I've been trying to come up with excuses to get out of it. A promise is a promise so I'll do it but I think this might be the last time I help out, I don't need the money or the stress.
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I've just been told the job has been put back to next week. That's Easter weekend ruined. 😀
 
Tuono said:
I retired in December but did 3 days work in February to help out and enjoyed it. Last week I got a phone call asking if I'd do a weeks work setting out a roof as the client asked for me specifically to do it. I agreed but to be honest the thought of going in to work on Monday has ruined my weekend and I've been trying to come up with excuses to get out of it. A promise is a promise so I'll do it but I think this might be the last time I help out, I don't need the money or the stress.
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I think this is just what you need to realise you've had enough. I took a couple of jobs post COVID. Both a few days a week. The first was permanent and I just rendered you hating it so resigned. The last was 3 months to help someone out and I extended another 3 months but then left as I realised It's had enough of it all. Think of it as a goodbye. Could you not split it a couple of days per week over 2 weeks?
 
The Lads said:
I took particular note of my wife’s parents who were very social people- liked holidays, drinks etc. and no their social spending tailed off around 78 years old until her father died.
My point being, I have decided to budget to spend more of my dosh in the earlier years of my (soon) retirement to enjoy it while we can.
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Just came across this old post of mine from 2023 just a few couple of months later.
My FIRST purchase was a Sunderland season ticket
So far the plan is working. Plenty of holidays, nights out etc.
Two additional grandsons (making three in total) is a bonus.
Right now with state pension, private pension and savings interest we are essentially "breaking even" in cash terms - net spend just about zero
I should point out we've owned our house since 2001 .
Expecting "money pot" to start decreasing thanks to Donald's activities and other issues but still think our plans to enjoy retirement will continue.
 
Joe Baker said:
Not sure that's true.
Spending patterns change over time but don't neccessarily decrease.
I dont want to be old(er) and not have the money to make my life easier at that age.
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It is 95% true. So play it that way
walls end bob said:
Retired 4 years ago. Just transferred my lump sum to my wife's pension fund so she retire early in a couple of years instead of official retirement age. Just getting my state pension, might use it for extra couple holidays this year.
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I don’t know lots, would you have been better off keeping your tax free lumper rather than giving it to your wife where she will have to pay tax on it? …. I have probably got this wrong
 
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Clash City Rockers67 said:
Did my last day in the office on Friday. Retire on 1st May, on leave until then.

Still feels a bit surreal, as in hasn't sunk in properly. Sure that will take a few weeks down the line to kick in.

Away to Seahouses for a few nights on Monday, so looking forward to it anyway
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Enjoy it mate . Fifty years in an office? You deserve a medal .
 
Im only 32, dont want to wish my life away but im looking forward to the day that I dont need to work again.
Ive been gradually increasing my personal pension contributions in preperation. Im currently up to 15%, and my company puts 15% in too. Hoping to get out as soon as I can. 🤣
 
Clash City Rockers67 said:
Did my last day in the office on Friday. Retire on 1st May, on leave until then.

Still feels a bit surreal, as in hasn't sunk in properly. Sure that will take a few weeks down the line to kick in.

Away to Seahouses for a few nights on Monday, so looking forward to it anyway
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It will take a while to sink in and it will be little snippets in random places and you'll raise a smile . Don't expect your day to be full of wonder, work wasn't full of wonder either .
Coming back from a trip or holiday and having no work looming is fabulous
T rex said:
Im only 32, dont want to wish my life away but im looking forward to the day that I dont need to work again.
Ive been gradually increasing my personal pension contributions in preperation. Im currently up to 15%, and my company puts 15% in too. Hoping to get out as soon as I can. 🤣
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Yeah ,you're in the prime of your life ,enjoy it
Make the most of your time off and try to navigate to nice people and surroundings at work . Don't wish it away ( yet )
 
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