How long before you can retire?

[2IT]

And men presumably a history of being inadequate husbands.

Husbands do have a history of being inadequate after twenty some years. They still haven't fulfilled the wife's needs. And then the thought that of them being around even more after retirement...

I guess the opposite can also be true.

Beware.

 

[2IT]

Sources: cdc, Wikipedia, huffington

70% of divorces filed by women. Personally I don't know one divorced man better off. No where near a 50/50 split. If you have to pay alimony for life it is like a life sentence. 20 years of marriage could have you making alimony payments for the rest of your life or go to jail if you can't. My niece would like to marry her partner yet he is under lifetime alimony to his first.

I lost 5 kids, 500k and 5 houses during a divorce that lasted 5 years. The lawyers loved it and the law allowed it. The houses that were foreclosed were in my name and hit me. The tax problems were mine not hers. And the juvenile court made me custodian as she was using them to raise the boys while still getting child support though they weren't at home.

70% of women would not be filing for divorce if it was a bad deal for them.

Ps my ex then married a CFO.

Really? That seems a very high percentage. Got some data to back that up?

I think you also need to address the point that quite a number of researchers make - the average woman's standard of living normally declines after divorce and it declines relatively more than the average husband's does after divorce. Men often have an increase in their material well-being post divorce. Add into the mix the fact that the woman is more likely to face a longer period of lower income/wealth as they are less likely to remarry (partly because they are more likely to have custody of the children)... and it seem highly unlikely that most women are filing for divorce primarily for financial reasons.

 

[TheDoctor]

Oh goody, let's ignore the topic and indulge in casual misogynistic bollox, shall we?

 

[nickyboy]

For farks sake...I come to the café to avoid this SC&P bolloxs

....anyway, I'm not planning to ever fully retire. I enjoy the work I do, there is nothing to stop me keeping doing it into old age and, of course, I'll be financially better off continuing to work

 

[Dirk]

For farks sake...I come to the café to avoid this SC&P bolloxs

....anyway, I'm not planning to ever fully retire. I enjoy the work I do, there is nothing to stop me keeping doing it into old age and, of course, I'll be financially better off continuing to work

Money ain't everything........

 

[2IT]

Google it. You probably know of Google. That's what I did.

In closing you have an agenda of shutting this down regardless of the facts and situations you don't want to look at.

What's been your experience with divorce and retirement? And your data?

Care to share some links?



You know it varies across jurisdictions and states in the US?



You do know that anecdote =/= data...



Problem is, the peer reviewed data used by academics and researchers suggests otherwise...

 

[Flying_Monkey]

If I want a reasonable pension then I have to keep working until 70. I could kick it in earlier even at 67 my pension would be almost half what it would be at 70. If it was just me I wouldn't really care, but it isn't. Anyway, I don't mind most of what comes with academic work.

 

[slowmotion]

Some of this retirement plan stuff is a bit grim. Could we possibly move on to our funeral arrangements?

 

[oldfatfool]

47 now, 55 will be comfortable but may go to working winters and having summers off or something like before then. Depends how i feel and how much swmbo decides to spend in the meantime lol

 

[PaulSB]

I consider myself very, very fortunate to be part of the golden generation. I'm encouraging my kids to save now for retirement. I have a small private pension and with my wife's this is enough to run the house.

Our plan was always to retire at 60. My wife, 60 in September, finished Tuesday of this week. She was fortunate to get the Mutually Agreed Resignation Scheme (MARS) from the NHS. This is effectively voluntary redundancy.

At the end of July I shall tell my employers I want to start working towards retirement by going part time from November. I'm 62 this summer. There is no succession planning in the company and no one to step up to my role.

I've developed a plan to allow the employment of a new person who I would mentor and guide till June 2017. At times the workload is too great for one person and I'll offer to help at those times after June 2017.

This is my ideal situation as part time I can earn sufficient to run the house with my wife's pension paying for fun time.

If my employer won't agree to this I'll leave. We have decided time is the most important thing. If I have to stop work we have an income gap till July 2019 when the state pension kicks in. We will solve this by spending from our lump sums and careful budgeting.

We have told the kids to expect nothing but the house. Seven months after a heart attack, 120% recovered, I know life can end at any point. Live for today.

My one dilema is what part time salary to request. My employer will be getting all my skills in peak periods and paying nothing in quieter times. Seems to me this should have a premium.

 

[gavintc]

Why did i view this thread im only 26 years old

You will not be allowed to retire, you will have to keep working to pay for all the old folk on their nice pensions.

 

[nickyboy]

[QUOTE 4306034, member: 9609"]Have you ever tried not working ?
I thought I loved working too, but now I doubt I would ever willingly go back - not working is absolutely wonderful and there is still not enough hours in the day or days in the week.[/QUOTE]

My workload is very lumpy and i work from home. Some weeks I'm extremely busy some weeks not. On the not busy weeks you'll find me out on the bike as often as the weather allows.

The work I do is challenging and intellectually rewarding. I wouldn't want to give it up completely.

 

[numbnuts]

And counting

 

[JtB]

I'm 55 now and I've been debt free without a mortgage for over 5 years. The normal retirement age for my private pension is 65, however I intend to start drawing it at 60 (with only a 5.75% penalty) regardless of whether I retire or not. Whether I actually retire at 60 will depend on how I feel at the time, but with a good pension, savings and zero debt I will have the option. My thoughts at this moment are that I'll probably retire closer to 60 than 65 because I want to enjoy a few belated gap years that weren't invented when I was a youngster.

 

[SpokeyDokey]

You will not be allowed to retire, you will have to keep working to pay for all the old folk on their nice pensions.

As an 'Old Folk', who's paying for my two nice company pensions and one privately funded fairly nice pension?