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Retirement

Ned Land said:
I think that I’m going to work abroad until I’m 67! If I’m not working then other people in the house are going to pile household chores onto me!

Seriously though I’ve only considered the financial aspects of early retirement. A drawback of having a younger partner is that they’ll still be working and will have some quite valid expectations of the retiree’s role in daily life.

I might actually be better to continue with my current arrangement (4 day working week) and to spend money on holidays whilst working. Or at a certain point I could find a lower paid job that I enjoy.

I think that I’ll return to this thread in a couple of years so that I don’t wish my life away 😆
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My missus is a bit older, I’ve told her there’s no point her retiring if I’m still working.

She can do 2 years extra and I’ll do 2 years less, can’t see a problem in that 😂
 

Ned Land said:
I think that I’m going to work abroad until I’m 67! If I’m not working then other people in the house are going to pile household chores onto me!

Seriously though I’ve only considered the financial aspects of early retirement. A drawback of having a younger partner is that they’ll still be working and will have some quite valid expectations of the retiree’s role in daily life.

I might actually be better to continue with my current arrangement (4 day working week) and to spend money on holidays whilst working. Or at a certain point I could find a lower paid job that I enjoy.

I think that I’ll return to this thread in a couple of years so that I don’t wish my life away 😆
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I don't understand your reluctance to spend more time at home with important people. It's only a bit diy and getting stuck in and that dreaded quality time . " drawback " ?!
My mate did the same, told us his missus (older retired ) was really lonely and bored as he still worked .He didn't need the money and said I need to consider her .Then just cracked on working for years .
If work is better than being in the house you need to be honest with people
 
JAZZMANB said:
I don't understand your reluctance to spend more time at home with important people. It's only a bit diy and getting stuck in and that dreaded quality time . " drawback " ?!
My mate did the same, told us his missus (older retired ) was really lonely and bored as he still worked .He didn't need the money and said I need to consider her .Then just cracked on working for years .
If work is better than being in the house you need to be honest with people
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The low-level domesticated jobs are something that I treat with disdain. Obviously I could pay for a house decorator, cleaner, odd job person etc. I have done it for the past 25 years and it bores me.

The issue is that some people have ascended to a higher intellectual plane. While my co-habitees ask me to return the wrong crisps from the food delivery, I am busy doing word puzzles or planning my afternoon pub trip. I want to spend my later years pondering about serious existential topics. ;)
 
BiG said:
Well, it might seem strange to say this, but Covid, in many ways provided me with a bit of a cushion between the amount of travel and hotel staying I was doing (which was admittedly less than previously but still onerous) because I slept in my own bed, ate breakfast, took breaks for coffee, lunch etc., exercised (exercise bike in the garage etc plus walks) and it allowed a routine to develop that enabled me to gradually prepare. The only down bit was trying to deliver the stuff that had only been possible at conferences, workshops, events and face to face coaching etc., that had to be done via technology. I f***ing HATED it. But that was also a blessing in disguise because I was relieved when I could stop.
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Covid was an interesting shift for me. I worked fairly local so my commute was a 25 minute cycle through the woods and I still miss that after changing jobs. Working from home day after day got to me. I spend a lot of time at my desk out of work. This is generally where I play guitar, with music up on my computer screen and often playing along to spotify. Bot other hobbies are scattered around here, at there minute there are loads of wires and components of stuff that needs finishing.

But during covid, I could not stand to be in here out of work hours because I had spent too much time here. I thought I'd hate working from home long term. But what covid and the WFH movement did was open up job opportunities. Now I have a long commute but it is only once per week (and occasionally I can skip that), with the other four days at home. Having another desk in the garden helps. But because I'm out a couple of evenings a week and doing other social stuff, I don't feel like I'm routed to one bit of the house. Now I'd actually like to spend more time at my desk out of work hours, but don't seem to have the time.
Ned Land said:
The low-level domesticated jobs are something that I treat with disdain. Obviously I could pay for a house decorator, cleaner, odd job person etc. I have done it for the past 25 years and it bores me.

The issue is that some people have ascended to a higher intellectual plane. While my co-habitees ask me to return the wrong crisps from the food delivery, I am busy doing word puzzles or planning my afternoon pub trip. I want to spend my later years pondering about serious existential topics. ;)
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I think I have been lucky.

A few years ago I think I was in a similar situation where I felt like if I had a day off to do stuff it got filled. Some times I'd deliberately not tell her I had a day off and she would wonder why I was digging the veg patch and not on my laptop.

But then a few years ago she did singing lessons, learned to play keyboard and has got into song writing. She can spend hours faffing with music stuff, then gets frustrated at herself for not getting chores done. When she sees me doing all the gardening jobs and DIY, she has started pushing me to do less, do more hobby and interest stuff. I think she sees the value of developing that stuff, but also feels less guilty if I'm not doing all the jobs either.
 
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Ned Land said:
I think that I’m going to work abroad until I’m 67! If I’m not working then other people in the house are going to pile household chores onto me!

Seriously though I’ve only considered the financial aspects of early retirement. A drawback of having a younger partner is that they’ll still be working and will have some quite valid expectations of the retiree’s role in daily life.

I might actually be better to continue with my current arrangement (4 day working week) and to spend money on holidays whilst working. Or at a certain point I could find a lower paid job that I enjoy.

I think that I’ll return to this thread in a couple of years so that I don’t wish my life away 😆
Click to expand...

With regards to younger partner, im in similar situation so the plan is for her to be able to retire at the same time which is why im chucking as much as I can into the s&s isa to bridge that gap between us jacking it in, and state pension for me & works pension for her.

If im retired & she's still working, the amount of moaning id be on the receiving end just isnt worth it, and you that you couldn't do what you wanted to together as work would still get in the way.
 
42 said:
With regards to younger partner, im in similar situation so the plan is for her to be able to retire at the same time which is why im chucking as much as I can into the s&s isa to bridge that gap between us jacking it in, and state pension for me & works pension for her.

If im retired & she's still working, the amount of moaning id be on the receiving end just isnt worth it, and you that you couldn't do what you wanted to together as work would still get in the way.
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Thanks for that insight. My Mrs is from an affluent family, she is due one windfall soon and likely to receive a very hefty amount if her parents avoid care homes.

But she’s not very creative or mindful of retirement plans and options. She enjoys working but she could easily work part time or invest for 10+ years and multiply her money.
 
Ned Land said:
Thanks for that insight. My Mrs is from an affluent family, she is due one windfall soon and likely to receive a very hefty amount if her parents avoid care homes.

But she’s not very creative or mindful of retirement plans and options. She enjoys working but she could easily work part time or invest for 10+ years and multiply her money.
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My Mrs family havent got a pot to piss in, and she hates work & not financially minded. So just let's me get on & sort finances. When my parents go, I'll get a decent wedge (of course subject to potential care home fees), however thats a total unknown & theyre both pretty healthy, without any family history of cancer & that. So expect both to live to a decent age, so have excluded any inheritance out of my calc given the liklihood ill be a pensioner myself when the time comes
 
42 said:
My Mrs family havent got a pot to piss in, and she hates work & not financially minded. So just let's me get on & sort finances. When my parents go, I'll get a decent wedge (of course subject to potential care home fees), however thats a total unknown & theyre both pretty healthy, without any family history of cancer & that. So expect both to live to a decent age, so have excluded any inheritance out of my calc given the liklihood ill be a pensioner myself when the time comes
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I’ve discounted any inheritances too, they’d be a bonus.
 
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Ned Land said:
The low-level domesticated jobs are something that I treat with disdain. Obviously I could pay for a house decorator, cleaner, odd job person etc. I have done it for the past 25 years and it bores me.

The issue is that some people have ascended to a higher intellectual plane. While my co-habitees ask me to return the wrong crisps from the food delivery, I am busy doing word puzzles or planning my afternoon pub trip. I want to spend my later years pondering about serious existential topics. ;)
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Retirement is just living without a job . Thinking in 24/7 day off mode is where people come unstuck . You'll like the nursing home if you need looking after 😉
 
What’s the minimum % that can go into company pension scheme each month nowadays ?
Daughter (no) works for a local vets finally let me see her payslip and stood out Mile to me that the pension bit didn’t look right , next to nowt going in
 
Fletch said:
What’s the minimum % that can go into company pension scheme each month nowadays ?
Daughter (no) works for a local vets finally let me see her payslip and stood out Mile to me that the pension bit didn’t look right , next to nowt going in
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For auto enrolment its 5% of gross pay or 4% of net pay, then gov tops up pension to the 5%
 
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