The Retirement Thread

[numbnuts]

Thats two gone, Shane Warne and Rod Marsh, both suspected heart attacks, one 52 and one 74.

One had better innings then the other

 

[PaulSB]

I see what you mean. I could draw down about £2K to take me to the threshold of my annual tax allowance. When I draw down the balance after transferring my tax allowance to Mrs Tenkaykev it arrives with 20% tax deducted. I have to go online and fill in a form for the tax to be rebated and this usually takes a few months to arrive. My transferring my allowance saves Mrs Tenkaykev about £240 in tax that would have been deducted from her pension. I look at it as being £240 better off as I still have the cash I could have drawn down in my pension pot. ( having said that, no pockets in a shroud etc, and I'm not averse to spending money )

Yep, I get that. Interesting thought which I'll look at.

That tax deduction is a real PIA winds me up no end. I usually take the drawdown in March as HMRC check at the end of the tax year and it arrives relatively quickly.

 

[PaulSB]

Just a point that I find interesting...

... there is a curious reluctance to talk about salaries, probably because it would become a dog *issing contest, but we are happy to talk about pension amounts.

***

400k is a big salary, AFAIK I've only known (as opposed to working in an organisation with very high earners senior to myself) 4 people who have earned more than that:

UK head of a major division of a charge card operator c£525k around 2005.

Vice-president large Canadian retailer $750k around 2010.

Infrastructure developer (quantum computing) for a major social media platform; upwards of $500k current.

Banker; $11m dollars tax free in early 2000's and that was before an absolutely massive promotion.

***

However, when you are retired; health is your wealth. 👍🙂

Interesting thought which had not occurred to me but you're right. I've never known anyone who earned those sums other than my cousin. We have similar backgrounds, ages, etc. and I think satisfaction with our lives. He has worked for every penny.

They own a penthouse in London. When they wanted more space they offered to buy next door and knocked the two together!!! Now that is money!

 

[rustybolts]

It’s International Irish Whiskey Day today!

Its International Irish Whiskey Day every day over here !

 

[classic33]

How the world changes.

Earlier this week I received an email from the manufacturer that I needed to update my Hi-Fi amplifier.

One new cable from Amazon, file downloaded from the web, laptop linked to amplifier via cable and hey presto a bit of jiggery-pokery with File Explorer and job done.

Can't hear any difference though.

We'll need to update our kettles, irons and hoovers soon.

They should be okay for a while yet. Just don't whisper so much, they miss bits.

 

[ColinJ]

Too true……and the reason why I lost around £300 a month pension by leaving early. It was making me ill. No regrets just getting out.

I effectively took VERY early retirement without a pension. Work stress broke me and I was willing to give up everything not to have to go back. It cost me my house, my savings, my inheritances, and everything else that I could legally lay my hands on, but it was worth it.

I still haven't got my head round the fact that I am now being paid to be old and do nothing!

I am not actually going to do nothing - I'd go (more?) mad with boredom! I will carry on developing puzzle games whether or not they make me any money. I will keep on learning guitar, bass and (hopefully at some point) piano. There is a lot of fitness to try to gain and great bike rides to do. Also lots of books to read, films to watch, crosswords to solve and so on.

[Phone is ringing...]

Wow - I am surprised... That was my sister. Remember her faulty TV?

My sister isn't a ditherer like me... It is already on ebay!

I don't think it will go by auction with the high starting price. I reckon it will go for (say) £25 after being relisted with no minimum bids.

It didn't sell on ebay but she put it on her local facebook page. Somebody has now offered her £50 for it! She got the broken TV for nothing and we bought £45 worth of parts to try and fix it so she will make £5 on the deal. The man buying it told her that he has fixed an identical TV with the identical problem recently and wants another one to give to his daughter. Apparently, the fault is almost certainly NOT on the motherboard which we replaced, but on the small board at the other end of the cable. That one only costs around £20.

Sis makes £5, the purchaser should get a really nice 49" Panasonic UHD TV (plus a spare motherboard and cable) for a total of £70, and I get to stop feeling guilty for getting sis to waste that £45!

 

[SpokeyDokey]

I effectively took VERY early retirement without a pension. Work stress broke me and I was willing to give up everything not to have to go back. It cost me my house, my savings, my inheritances, and everything else that I could legally lay my hands on, but it was worth it.

I still haven't got my head round the fact that I am now being paid to be old and do nothing!

I am not actually going to do nothing - I'd go (more?) mad with boredom! I will carry on developing puzzle games whether or not they make me any money. I will keep on learning guitar, bass and (hopefully at some point) piano. There is a lot of fitness to try to gain and great bike rides to do. Also lots of books to read, films to watch, crosswords to solve and so on.

[Phone is ringing...]

Wow - I am surprised... That was my sister. Remember her faulty TV?


It didn't sell on ebay but she put it on her local facebook page. Somebody has now offered her £50 for it! She got the broken TV for nothing and we bought £45 worth of parts to try and fix it so she will make £5 on the deal. The man buying it told her that he has fixed an identical TV with the identical problem recently and wants another one to give to his daughter. Apparently, the fault is almost certainly NOT on the motherboard which we replaced, but on the small board at the other end of the cable. That one only costs around £20.

Sis makes £5, the purchaser should get a really nice 49" Panasonic UHD TV (plus a spare motherboard and cable) for a total of £70, and I get to stop feeling guilty for getting sis to waste that £45!

Good result all round then. 🙂🙂🙂

 

[Deleted member 1258]

Wow - I am surprised... That was my sister. Remember her faulty TV?


It didn't sell on ebay but she put it on her local facebook page. Somebody has now offered her £50 for it! She got the broken TV for nothing and we bought £45 worth of parts to try and fix it so she will make £5 on the deal. The man buying it told her that he has fixed an identical TV with the identical problem recently and wants another one to give to his daughter. Apparently, the fault is almost certainly NOT on the motherboard which we replaced, but on the small board at the other end of the cable. That one only costs around £20.

Sis makes £5, the purchaser should get a really nice 49" Panasonic UHD TV (plus a spare motherboard and cable) for a total of £70, and I get to stop feeling guilty for getting sis to waste that £45!

Definitely a bonus.

 

[Deleted member 1258]

Excellent news here tonight, our grandson is out of hospital now, he went home for the first time earlier today.

 

[PaulSB]

A good afternoon. Opthalmology appointment as I have high pressure in the eyes which can lead to glaucoma. Been under treatment for several years. Last appointment pressure was right 28, left 27 which was bad news. I was given an additional prescription and pressures today are down to 13 and 12. Great result.

 

[Flick of the Elbow]

Good evening all, and a belated Happy Birthday to @ebikeerwidnes 🎂

A satisfactory day today, in the gym this morning and an enjoyable afternoon at St Giles. Fun fact, I learnt about the Medieval Scottish letter ‘yogh’, which was pronounced like a ‘y’ but, there being no equivalent letter on a printing press, was printed as a ‘z’. This explains all sorts of strange Scottish pronunciations such as Dalzeil and Menzies.
https://www.scottishhandwriting.com/cmlfyo.asp

 

[PaulSB]

Happy Birthday @ebikeerwidnes sorry i missed this earlier. 🥂🍾

 

[12boy]

All your different pension systems are surely baffling to me.
l get a civil service annuity and a small Social Security check. I also received a lump sum of 2k from an $8/hr, 20 hrs/wk job where I worked about 3 years at the library. When I retired from the civil service job I compared my net check from working with my net from the annuity and found them fairly close. Mrs 12 gets a measly 190/mo from my Social Security and has no other income, except that she considers mine as hers also. We get by ok and really don't buy much anymore, mainly food.
Be safe and well.....wonder when that Nigerian dude is gonna send me all that money I gave him my bank acct info for?

 

[classic33]

All your different pension systems are surely baffling to me.
l get a civil service annuity and a small Social Security check. I also received a lump sum of 2k from an $8/hr, 20 hrs/wk job where I worked about 3 years at the library. When I retired from the civil service job I compared my net check from working with my net from the annuity and found them fairly close. Mrs 12 gets a measly 190/mo from my Social Security and has no other income, except that she considers mine as hers also. We get by ok and really don't buy much anymore, mainly food.
Be safe and well.....wonder when that Nigerian dude is gonna send me all that money I gave him my bank acct info for?

You'll have to join the queue, I sent him and his brother mine ages ago.

 

[Chief Broom]

Finally gave myself a kick and got the hybrid out for 17 miles. Wet and mucky roads, otherwise pleasant enough and I could hear the larks singing and noticed a couple of clumps of gorse starting to flower

I managed a ride today as well head wind outward and tail wind home the way i like it
Havent heard any larks yet the season is behind here, give it a week and they'll be singing on the golf course