How long before you can retire?

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Lullabelle

Banana
Location
Midlands UK
[QUOTE 4240240, member: 9609"]of course there will still be some people in their 60s capable of hard physical work, and of course there will be people in their 60s not capable of some stress in a desk job - But in the grand scale of things, considerably more people struggle in their 60s in hard physical jobs as opposed to those in the office environment, pushing the retirement age out is most unfair to people who have hard physical jobs.



I always think that is a very unfair statement, some environments and communities make it very difficult for children to even understand the importance of doing well at school, I would have been 17 or 18 when I realised that I had made some pretty poor choices. If i had wished to pursue a career as a brain surgeon, I would have needed to have told my parents to move me to another area and another school, preferably a private school when i was aged about 3.[/QUOTE]

A guy I used to work with, 2 brothers and 1 sister, neither of their parents did much regarding education and didn't encourage their 4 kids instead knocked them back. The mother claimed that a guy who worked at the same supermarket as her had a degree yet he stacked shelves for a living so education was a waste of time because there were no jobs out there. All 4 kids are late 30's early 40's and barely litterate, my mate wasn"t afraid of hard work but his partner runs the household finances/pays the bills etc because he cannot. No doubt he will struggle to save for later in life/pension.
 

Electric_Andy

Heavy Metal Fan
Location
Plymouth
30 years at least. Will depend on how many assets I am left by the parents and in-laws, but pension-wise it's looking like I'll go to 65 to claim work pension, then claim state pension at 67 (or 92 as it might be by then).
 

martint235

Dog on a bike
Location
Welling
I'm just coming up to 28 years of meaningful employment. The worrying and depressing thing is I have another 20 years to go before I can claim my pension. On the positive side, my mortgage will be paid off in 17 years.
 
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MarkF

Guru
Location
Yorkshire
I am 53, I hoped to retire at 60, sold a business but still need to work but only part time. I've no debts, low outgoings and the house is paid for.

I work at a hospital now and think I'd like to work a few more years, maybe to 65. The hospital is full of retirees because they don't do much, so they get fat, then they get ill, lots of them seem to have just "given up" on life.
 

Buck

Guru
Location
Yorkshire
At the last check, I reckon on another 12 years but this will be driven more by when I feel confident my two sons have financial independence i.e. Working! So may be a few more years than that?!

I'm lucky in that I have a good pension (both frozen from previous employer and current FS) but am a definite believer in not waiting until retirement to do the things I want.

I now officially work four days a week although I will/do I ncrease this in hours/days if needs be to get the job done (self employed) but cutting down by that one day has made a world of difference and as I draw nearer to the end of my career I'll most likely look to go down to three days if finances permit.
 

The Jogger

Legendary Member
Location
Spain
It's now really close, eight days and I get the odd doubt like why am I walking away from a fairly well paid job, ten weeks A/L and then I think of the stress that goes with it, the two and a half hour commute each way (and more recently) the changes to working practices, the night shifts and I then see sense. Money isn't everything , it can't buy you time.
 

sarahale

Über Member
I've got 40 odd years but my dad has just retired and isn't coping very well if anyone has any advice.

He's 60 and hated his job. But now he's not going out much, doesn't sleep properly (today was up till 4am) and is in an even worse mood than when he was working!!
 

threebikesmcginty

Corn Fed Hick...
Location
...on the slake
I've got 40 odd years but my dad has just retired and isn't coping very well if anyone has any advice.

He's 60 and hated his job. But now he's not going out much, doesn't sleep properly (today was up till 4am) and is in an even worse mood than when he was working!!

He should get a part-time job or a hobby/hobbies, join a club, etc. Sounds like he needs 'something' to do.
 

The Jogger

Legendary Member
Location
Spain
I've got 40 odd years but my dad has just retired and isn't coping very well if anyone has any advice.

He's 60 and hated his job. But now he's not going out much, doesn't sleep properly (today was up till 4am) and is in an even worse mood than when he was working!!

He can join a gym and take up cycling if he hasn't already I joined a gym three months ago in preparation for my retirement and I'm loving it. It's not about getting the Hulk look, it's about getting a bit fitter and just toning up a bit. Great for the head too.
 

Dirk

If 6 Was 9
Location
Watchet
I retired 18 months ago aged 60.
Best thing I ever did.
I can now do what I want, when I want, with no stress.
Cycling, dog walking, pubbing and caravanning take up plenty of time. I've also got time to do all those other things around the bungalow that I never got around to.
Don't understand people who say they get bored not being at work. I'm doing my first Time Trial tonight, at the age of 61; doing a 40 mile sportive on Sunday, starting a 4 day cycling tour of Devon on Tuesday and taking the caravan up country the following week to watch the Aviva Women's Tour.
I might take a holiday after that!
Life is sweet!:okay:
 
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