The Retirement Thread

[perplexed]

Was anyone here faced with a choice of either drawing down your pension pot as an income or buying an annuity? I'd be interested in what made you take the choice you did.
I'm going right off the annuity option the more I think about it.

When I looked, the returns on annuities were so pi$$ poor, I worked out you'd be better finding a decent savings product.

And you'd still have the capital.

 

[Dirk]

Was anyone here faced with a choice of either drawing down your pension pot as an income or buying an annuity? I'd be interested in what made you take the choice you did.
I'm going right off the annuity option the more I think about it.

Can't help you with that, sorry.
I didn't have a choice.

 

[Drago]

On the day of my retirement someone drove a dumper truck full of cash up to my house.

 

[Dirk]

On the day of my retirement someone drove a dumper truck full of cash up to my house.

Mine was in diamonds.....

 

[Ian H]

I'm finding it more of a dilemma, how much to wind down. Currently I work approximately 1.5 days a week.

The point-5 are almost friends of mine; I help run a small subsidiary business and look after their website and computer stuff. No trouble and I bill them once a month.

The 1 is a small business which seems to lurch from crisis to crisis, and I have ended up with a lot of paperwork and responsibility for dealing with external regulatory bodies and auditors. Great when it goes well, but no support—so I'm often scrabbling around for information in a fairly specialised field which is quite a long way from my experience. But it does keep my brain active, stretches me, and there's a nice little lunch-place nearby.

Both are useful, but not vital income, and will be less important in the near future. So I'm thinking.

 

[Drago]

Bin them both. Drink beer instead.

 

[Dirk]

Bin them both. Drink beer instead.

That is what I've mostly been doing this afternoon.....

 

[Dirk]

Spent the morning doing a thorough deep clean on my carbon Focus Cayo Di2.

All ready for Friday's ride with an old workmate. Nipping down to Okehampton and riding to Tedburn and back. Should be about 35 miles, with a decent pub halfway. I've done this ride 3 times before but only the one way - Okehampton to Tedburn. The return leg should be interesting with the climb out of South Zeal.

 

[marinyork]

We'll soon put a stop to that!

Amusingly enough in this thread there seems to be more insights and funny stories about the world of work and motivation than there are in many other work related threads.

 

[Dirk]

Amusingly enough in this thread there seems to be more insights and funny stories about the world of work and motivation than there are in many other work related threads.

It's often easier making observations when you are outside looking in.

 

[Alan Frame]

Amusingly enough in this thread there seems to be more insights and funny stories about the world of work and motivation than there are in many other work related threads.

A big part of enjoying, savouring and downright gloating about retirement is to reminisce about the good old bad old days of being someone else's lackey.

Personally, I absolutely insist on thinking about past work on a daily basis as it makes the present so much the sweeter.

 

[Dirk]

A big part of enjoying, savouring and downright gloating about retirement is to reminisce about the good old bad old days of being someone else's lackey.

Personally, I absolutely insist on thinking about past work on a daily basis as it makes the present so much the sweeter.

I'm meeting up with an old workmate for a ride on Friday, in the knowledge that things, that were starting to change when I left, have only got worse. I got out at exactly the right time.
I pity the poor beggars who are having to struggle on, either because they are too young to go or simply can't afford to.
It must be soul destroying.

 

[Dirk]

Had a brilliant ride from Okehampton to Tedburn and return with my old colleague today. Weather was superb and the traffic was very light.
Quick pint and a snack at Tedburn and a catch up on old times.
He's off work with stress at the moment.
Do I want to go back to work?

Nah!

 

[screenman]

2k swim this morning, then off to top up the bank account, then an hour off road this afternoon, followed by 90 minutes in the gym. Now sitting down drinking cherry beer and watching La Vuelta. Life is great.

 

[Dirk]

2k swim this morning, then off to top up the bank account to work, then an hour off road this afternoon, followed by 90 minutes in the gym. Now sitting down drinking cherry beer and watching La Vuelta. Life is great.

FTFY.