The Retirement Thread

[PaulSB]

I've been reading the newspapers on line. Network Rail have appealed to people living near rail lines to secure garden items.

A number of lines were blocked by trampolines last weekend .........1st world problem.

 

[Deleted member 1258]

It would be out of there in a flash if that was mine and off to qualified auto electrician, something that I doubt the Honda garage has.

I'm sure the lad said that that they do have one, we were talking on the phone yesterday afternoon I think he mentioned it.

 

[PaulSB]

@Mo1959 sorry forgot to respond to this yesterday. Can I urge you to get a pension forecast from the .gov website. You may find the result surprising either better or worse.

I have checked both mine and Mrs P's several times in the last 2/3 years. Mrs P's is lower than hoped for mine astonished me. Mrs P was contracted out via the NHS.

I would fully agree with @Dirk re buying additional years, it's a no brainer and we will do this for Mrs P. In her case to achieve her maximum pension the "investment" will take less than three years to pay back and after that she will be +/- £1600pa better off.

One tip, don't rush out and buy the extra years immediately. Wait till the last qualifying date as without being morbid one can die before reaching pension age. Obviously that wastes your money.

The .gov website will give you an entirely accurate forecast and how much extra you can buy. You may need to create an account first.

 

[welsh dragon]

Would you please try and keep that rain over your side as I have to go out today, many thanks.

I'll do my best

 

[Mo1959]

@Mo1959 sorry forgot to respond to this yesterday. Can I urge you to get a pension forecast from the .gov website. You may find the result surprising either better or worse.

I have checked both mine and Mrs P's several times in the last 2/3 years. Mrs P's is lower than hoped for mine astonished me. Mrs P was contracted out via the NHS.

I would fully agree with @Dirk re buying additional years, it's a no brainer and we will do this for Mrs P. In her case to achieve her maximum pension the "investment" will take less than three years to pay back and after that she will be +/- £1600pa better off.

One tip, don't rush out and buy the extra years immediately. Wait till the last qualifying date as without being morbid one can die before reaching pension age. Obviously that wastes your money.

The .gov website will give you an entirely accurate forecast and how much extra you can buy. You may need to create an account first.

I'm only short a matter of months so can't see it making much difference..........unless they can change it again?

Got a walk in and just about home before it started raining. I see there is athletics on tv this afternoon which I enjoy.

 

[Dirk]

@Mo1959 sorry forgot to respond to this yesterday. Can I urge you to get a pension forecast from the .gov website. You may find the result surprising either better or worse.

I have checked both mine and Mrs P's several times in the last 2/3 years. Mrs P's is lower than hoped for mine astonished me. Mrs P was contracted out via the NHS.

I would fully agree with @Dirk re buying additional years, it's a no brainer and we will do this for Mrs P. In her case to achieve her maximum pension the "investment" will take less than three years to pay back and after that she will be +/- £1600pa better off.

One tip, don't rush out and buy the extra years immediately. Wait till the last qualifying date as without being morbid one can die before reaching pension age. Obviously that wastes your money.

The .gov website will give you an entirely accurate forecast and how much extra you can buy. You may need to create an account first.

I'm buying the years that I qualify for up to 5th April this year.
It's costing about 3 grand but gives me an extra £1000 a year.
Capital outlay will be repayed after 3 years, then approx 33% interest on initial outlay in perpetuity (bearing in mind tax to be considered and increases in pension due to current triple lock). I'm going to take the extra £1000 pa and put it in a high (lol) interest account to get even more of a return on the initial capital outlay.
I'll be doing the same when MrsD gets her state pension in 2022.
This will build up the lump sums we've been drawing down on for the last 6 years.

 

[Paulus]

Good morning all fellow members, the weather is not good and only going to get worse. This afternoon MrsP and myself are off to the Barbican theatre to see Anton De-beke and Erin doing their dance show. That is unless it gets cancelled because of the wind .
Even the trains are being cancelled now, we never cancelled trains, we may of run a bit slower but always ran. It's a bit like a centimetre of snow warning causes the country to grind to a halt , we have all gone so risk averse that soon we won't be able to walk outside without protective clothing. 😠

 

[PaulSB]

I'm only short a matter of months so can't see it making much difference..........unless they can change it again?

Got a walk in and just about home before it started raining. I see there is athletics on tv this afternoon which I enjoy.

I'd still urge you to do the forecast but then I am a bit anal about these things.

Mrs P is more on the let's wait and see side!

 

[Mo1959]

Mrs P is more on the let's wait and see side!

Yep, me too! I had a look at the Government website yesterday and see you have to register or something so I immediately lost interest

 

[Drago]

Like Jesus after a 3 day hangover, I have risen!

Had a lay in til 8 with the voluptuous Mrs D, then walked the dog. Going to the outlaws this afternoon.

 

[Dirk]

Yep, me too! I had a look at the Government website yesterday and see you have to register or something so I immediately lost interest

It's well worth doing.
There's lots of other useful stuff on there as well.
If I couldn't be arsed to register, and do a bit of research, we might have ended up 2 grand a year down. That's a useful amount of money to miss out on.

 

[Bonefish Blues]

The latest Financial Man will be coming in a couple of weeks. Let's hope that he holds the key to future bliss*. A voluptuous wife would not go amiss, either

*Since the previous one seemed merely to want to enrich himself and his mate the Investment Manager...

 

[PaulSB]

Yep, me too! I had a look at the Government website yesterday and see you have to register or something so I immediately lost interest

😂 😭

 

[Dirk]

The latest Financial Man will be coming in a couple of weeks. Let's hope that he holds the key to future bliss*. A voluptuous wife would not go amiss, either

*Since the previous one seemed merely to want to enrich himself and his mate the Investment Manager...

Financial Advisers?
One of my mates is a FA and he tried to give me advice.
I said - 'Why would I take advice off you, when we're the same age; I'm retiring early, debt free and comfortably off. You're still working, with a mortgage and loans. Go figure......as they say'.

 

[gavroche]

Good morning. Still in bed listening to the rain on the velux window.