The Retirement Thread

[welsh dragon]

I was hoping to have a sod all day today but alas, my car might be ready. New bisks and brake pads needed, so i may well have to get on a bus later to collect it, and its hissing down as well.

 

[Drago]

If memory serves they were a bargain from Aldi! They're decent bits of kit that have seen much use.

 

[petek]

I have been for year's, but I would not not like others to suffer though.

Do you know what you are saving for?

You'd need to ask MrsP.
I see my role as 'spending'.

Thing is when interest rates rise the banks put it straight onto mortgages but it never goes onto savings nearly as fast.

 

[welsh dragon]

Now that i have my car back, i can have a doing sod all day or at least whats left of it.

 

[Drago]

The police found it then, Welshy?

 

[Dirk]

Nice walk around Fernworthy Reservoir this morning, followed up with pasty, chips and a couple of pints of Otter Autumn Ale.

 

[Dirk]

Very nice walk around Belever Forest on Dartmoor today, followed by a good lunch at the Plume of Feathers at Princetown.
Debating when to go home at the moment, but the weather looks like holding out for a few days, so we will make the most of it. Might go back Tuesday/Wednesday.

Haytor in the distance.

Too nice a day to be working!

 

[gavroche]

I was thinking of doing that, but if Mr WD decides to come as well, then the bus it is.

Stick two bikes in the boot then.

 

[Dirk]

Came back a day early as the weather is on the turn this week.
Still, we've managed 53 nights in the van this year so far.
Thorough clean of the caravan today, then taking it down to storage.
May well have a long weekend away in December if the weather looks fine.

 

[screenman]

We have done 45 away so far this year, not all in the van. There are more to come before the year is finished.

 

[Dirk]

We have done 45 away so far this year, not all in the van. There are more to come before the year is finished.

On top of the 53 nights in the van we've done about 20 nights away without it, mainly up country visiting mates.

 

[welsh dragon]

The police found it then, Welshy?

Hehe. Up on the old housebricks?

 

[Dirk]

As a follow on from the retirement thread, how much do you need to be 'comfy?' Are you peeps spending more or less than anticipated? If you are taking advantage of a drawdown pension rather than an annuity is your pot dwindling faster than expected?

We lead a modest lifestyle and excluding capital expenditure (new cars, caravan, foriegn trip) reckon £20k pa should be enough is this realistic? With 2 of us oap should be at least £16k from the state, and with a defined pension taking us above this any private pension can therefore be used to fund early retirement, is this a dangerous tactic? And how big a private pension plot would you consider enough to fund 12 years with a seperate income of £10k pa available tax free?

How much do you need?
Probably a lot less than you think.
£20k is doable on a modest lifestyle - providing that you enter retirement with absolutely no debts, mortgage etc.
You might want to get a proper estimate on your state pensions - £8000 a piece sounds a bit high to me. Make sure you haven't been 'opted out' at sometime during your working career. This happened to me, unknowingly, whilst in the Civil Service. My current state pension forecast is £6500 pa.

 

[Spinney]

Mod note: there is a separate thread just about retirement finances here.

 

[Dirk]

Mod note: there is a separate thread just about retirement finances here.

A thread specially for 'persons of leisure' and independent means, or those with aspirations.
How do you while away those lazy days?
How do you cope financially?
When did you retire?
Is retirement what you expected?
How long did you take to adjust?
Etc.

I would have thought it was already covered.