The Retirement Thread

[pjd57]

Without adding a huge quote....


My pension covers the bills + food etc but as I am still 5 years away from a state pension , a few days work now and again helps with the extras.
If possible I will do a weeks work ; 35-40 hours , over a month.
I could do a bit more without it affecting tax, benefits etc but like to keep to that.
Some months I don't get any work, but as I said the bills are covered.

I don't mind having less cash , the free time is a far more enjoyable option

 

[arch684]

Morning all,looks like it going to be a nice day here.the bike is ready just need to walk and feed the dog first

 

[Dirk]

I don't mind having less cash , the free time is a far more enjoyable option

And that just about hits the nail on the head.
You cannot buy time.

 

[welsh dragon]

Good morning chaps. Lots of sunshine here, but it is chilly. Hopefully it will warm up a bit. Have a great day everyone.

 

[screenman]

And that just about hits the nail on the head.
You cannot buy time.

I agree, but you can waste time.

 

[Drago]

A touch foggy here. Or I have cataracts.

 

[Dirk]

I agree, but you can waste time.

Time is not wasted if you enjoy doing nothing.

 

[Drago]

Relaxing and chilling is great. Being able to do what I want to do, any time of day or night, and day of the week, is priceless beyond compare.

 

[screenman]

Time is not wasted if you enjoy doing nothing.

Are you doing nothing if you are doing nothing?

 

[screenman]

Relaxing and chilling is great. Being able to do what I want to do, any time of day or night, and day of the week, is priceless beyond compare.

For many though that comes with the price of not being able to do much of anything.

 

[Drago]

And many perpetuate that situation with wanton, rampant consumerism. I was chatting to a geezer the other day, similar age to me, and since he was 18 he's never been without a car loan and monthly repayments. With what he's paid he could have bought a good sized house, and all he has to show for it is a 2 year old Mazda that he doesn't own yet. That's why he'll be working to 70.

 

[gavroche]

And many perpetuate that situation with wanton, rampant consumerism. I was chatting to a geezer the other day, similar age to me, and since he was 18 he's never been without a car loan and monthly repayments. With what he's paid he could have bought a good sized house, and all he has to show for it is a 2 year old Mazda that he doesn't own yet. That's why he'll be working to 70.

I agree but on the other hand, people like him keep the wheels of industry turning and people in work.

 

[Drago]

Very true! They do indeed.

However, its their choice to live that way, and I get fed up hearing them moan that they can't retire until they're eleventy twelve. Their choice.

 

[Paulus]

Like you, we don't have a lot, but we are comfortable. As far as savings are concerned, there is bugger all interest on any money you have in the bank, so there is little reason to keep it there.

I am not at retirement age but Mr WD is. I have a small private pension. We sort of have a budget. Some weeks we also go over, some we don't. At a certain time of year we have to be very careful because of insurances, car MOT, servicing etc.

As long as we have X amount to pay the bills, then anything more is a bonus. Yes i realise if we spend our savings, then thats it. No more. But you will always live according to your means no matter what. I try not to worry about it, but i am not always successful. I do worry about things in the future.

I will be retiring in 5 weeks time, Myself and MrsP will be comfortable enough financially, I will have my work pension which I am taking early, and we have some savings. I at first had some doubts about using the capital once retired, but have now understood that that is what the saving are there for, to top up any shortfall in the weekly/monthly bills and to use for holidays, weekends away. The money will be no good to me when I/we have shuffled off this mortal coil. Our kids are provided for and only the taxman would benefit from it.

 

[welsh dragon]

I will retiring in 5 weeks time, Myself and MrsP will be comfortable enough financially, I will have my work pension which I am taking early, and we have some savings. I at first had some doubts about using the capital once retired, but have now understood that that is what the saving are there for, to top up any shortfall in the weekly/monthly bills and to use for holidays, weekends away. The money will be no good to me when I/we have shuffled off this mortal coil. Our kids are provided for and only the taxman would benefit from it.

Exactly. The tax man has had enough money from me. When i die, i will make sure is bugger all left.