The Retirement Thread

[Dave7]

Re contributions vs returns.
It just needs a bit of thinking about but a crystal ball would be handy.
When MrsD was approaching retirement she was short on contributions.
Can't recall exactly but for £3kish she got 95% pension........as said, a no brainer.
To get 100% would have cost Considerably more so we decided against that.

 

[Dave7]

I can speak Welsh to
"Do you go to chapel on Sundays boyo"

What if you are speaking to a woman ?
Girlo doesn't sound right

 

[ebikeerwidnes]

What if you are speaking to a woman ?
Girlo doesn't sound right

Girlio???

 

[numbnuts]

What if you are speaking to a woman ?
Girlo doesn't sound right

Easy I don't speak to Welsh women

 

[pawl]

I'll be short too but not sure I want to spend thousands now for £25 per month later that you don't even know how long you will be around for. I think I'll be happy enough with what I'll get.
[/QUOTE


I left school at 15 Took early retirement at 63 Took my NHS and county council pension as I had enough qualifying years State pension at 65.Don’t have a bus pass though

 

[numbnuts]

Done my blood pressure reading for the seven days the average was 130/66 sent it to the surgery see what happens now

 

[Chief Broom]

Had a great ride today went beyond my normal range by a couple of miles so cracked my first 20m. Met with a long drag of a hill which had me sweating in first gear but made it phew! Nice to return with a tail wind and was shifting along and carrying momentum for the hills. I love this Dawes 201 kissy kissy xxxx

 

[welsh dragon]

My Good Ladies the same, she gets about 40% 0f the state pension.

I will get more than that. Probably about 70%. It could have been a lot worse.

 

[welsh dragon]

Re contributions vs returns.
It just needs a bit of thinking about but a crystal ball would be handy.
When MrsD was approaching retirement she was short on contributions.
Can't recall exactly but for £3kish she got 95% pension........as said, a no brainer.
To get 100% would have cost Considerably more so we decided against that.

I might try to top mine off a bit. I will have to see how much I would have to spend topping it up versus what the return would be.

 

[ColinJ]

I just nipped out on my singlespeed bike to pick up a Metro***. The sun was shining so I decided to extend the ride but it didn't take me long to feel the effects of the cold wind. I got really chilled when riding into blustery gusts on a shadowed road. Later on I had a tailwind in the sunshine and that felt great but I was already heading home by then.

I was going to leave the heating off for another few days but it was only 14 degrees in this room when I got back. I still felt chilly with extra layers on and wearing a Buff on my head, so I have now got my convector heater on, set low. It has already got the room up to 16 degrees. I'll get it to 19 degrees and keep it there. I won't bother heating the rest of the house for weeks yet, maybe even a month or two.

I'm not looking forward to the coming winter... The one we had in 2020/2021 seemed to drag on forever. I hope we get a short, crisp one this time and then have a long, fabulous spring which I can enjoy as a new pensioner.

I have a week in Devon coming up for my older sister's birthday. I missed my younger sister's birthday, a few days ago - I forgot how late in September we are! I just rang her to apologise and to make plans for my visit.


*** I failed - the PPP had obviously got there before me!

 

[Dave7]

I might try to top mine off a bit. I will have to see how much I would have to spend topping it up versus what the return would be.

Exactly.
I phoned them and they were very helpful.
Might be different now though.

 

[Flick of the Elbow]

Have been to the zoo. The giraffes get a good view of where we stay, under the hillside to the left of the post.

 

[welsh dragon]

Exactly.
I phoned them and they were very helpful.
Might be different now though.

I know I can top it off a bit but whether it will be worth it is another thing. You get to the point of diminishing returns.

 

[ebikeerwidnes]

I need to check again - but it seems like it is worth me topping up for most years - but not the last one. I would end up paying but not getting much back for that one.

I will be ringing them up to check a few things in a week or so

 

[Dave7]

I know I can top it off a bit but whether it will be worth it is another thing. You get to the point of diminishing returns.

Yes.
Obvs I don't know your age and thats were the crystal ball comes in.
Its a matter of equating what it will cost l/s compared to the % increase.
In our case it was obvious. MrsD was 63ish and it cost us £3K to top it up from approx 25% to 90%. She only needed to live about 4 years to get it back.