The Retirement Thread

[Dirk]

Right you lot, I'm planning to join you!

40 years of continuous public service on 12th December this year so going to see what that brings me in early retirement......

Tried to ask the NHS computer (probably a sinclair ZX81 wit tape deck) on Friday for a prediction but not working so will try again Monday.

The tax bill the government will take from my pension pot might make me think twice!

As I've moved around several jobs in my working career might take my employer 6 months to a year to sort out....

I'll let you know how it goes.

Take the maximum lump sum that you can.
It's tax free and you can always invest it somewhere........or just have a good time.

 

[Dirk]

Been looking at houses.
We like this place - 17th century grade 2 listed.
One for the list.
The living room reminded us of a place we lived in 40 years ago.

 

[midlife]

Take the maximum lump sum that you can.
It's tax free and you can always invest it somewhere........or just have a good time.

That's what the usual recommended course of action is and would pay off my mortgage with some left over.

 

[Dirk]

That's what the usual recommended course of action is and would pay off my mortgage with some left over.

No brainer then?

 

[midlife]

No brainer then?

Not 100% sure, if I take the minimum lump sum and max monthly pension I win after about 9 years.

The monthly pension goes up by RPI so the more pension I have the more it goes up. I just have to live a long time lol.

I really should have thought about this before now, not good planning to get to 63 and then decide to look at your pension...

 

[Dirk]

Not 100% sure, if I take the minimum lump sum and max monthly pension I win after about 9 years.

The monthly pension goes up by RPI so the more pension I have the more it goes up. I just have to live a long time lol.

I really should have thought about this before now, not good planning to get to 63 and then decide to look at your pension...

It's always a balancing act.
I really don't think there is much of an advantage in making long term plans at our age. So long as you can live comfortably now, what difference does an extra grand a year make in x years time?
I took maximum lump sum and drew approximately half of it down, at 8k a year, from when I retired at 60 until I got the state pension at 67.*


*Yes, I know you smart arses can work out how much I got when I retired.

 

[classic33]

If you're going shopping, lay off the coffee beforehand.
Research in Australia has shown that the caffeine intake leads to more impulse buying, specifically scented candles.

Not just item's you'd not planned on buying, buy also more of the items on your list. Quantity wise.

 

[welsh dragon]

Cooooeeeee. Am I first to post this morning. Another toooo hot night here and today is going to be hotter still. A day for hiding in the shade I think

Stay safe peeps

 

[PaulSB]

Morning WD not sure where the malingerers have got to today! It's going to be hot.

I woke at 3.00 and no matter how I tried couldn't get back to sleep, think I'm going to feel rubbish later. I have some allotment work to do so I'll pop up there when I've finished my coffee and make a start before it gets too warm to be in the sun. Not much else going on really but I'll try to think of some nonsense to chat about a bit later.

Right I'm off to pull my onions, string up the garlic and bag up the shallots..........what an exciting life!

 

[Deleted member 1258]

Good morning from a bright and sunny Coventry, knackered this morning , two hours on the bike plus two hours pushing the wheelchair was probably too much yesterday, looking for an easy day today, though the ironing needs doing.

 

[Mo1959]

Morning. Rubbish sleep last night. Been a short bimble while it's still relatively cool but I can feel the heat starting to build now. I suspect the rest of the day will be trying to hide from the heat and keep as cool as possible. No doubt I will watch the men's tennis final this afternoon. Hope Djokovic wins.

 

[Dave7]

Good morning from a bright and sunny Coventry, knackered this morning , two hours on the bike plus two hours pushing the wheelchair was probably too much yesterday, looking for an easy day today, though the ironing needs doing.

What is this thing called ironing ?
Just fold it or hang it.
If its not a dress shirt etc who will see it.

 

[Paulus]

Good morning all fellow retirees.
Another hot day in the making.
An early dog walk and the some domestics. A friend of our is calling by today, she lives out the other side of Swindon, and is staying overnight as she has some business to do locally tomorrow.
My next door neighbour's bike has a new puncture again, and he has asked me to mend it, again. He really is useless.

 

[Dave7]

Re' house temperature. Our house is ex MOD officers and built to withstand sciesmic shock.
Something about the build makes it cool even in this heat. Not so good in winter but a godsend in sumner as we can eg watch the final in comfort

 

[pawl]

Good morning all fellow retirees.
Another hot day in the making.
An early dog walk and the some domestics. A friend of our is calling by today, she lives out the other side of Swindon, and is staying overnight as she has some business to do locally tomorrow.
My next door neighbour's bike has a new puncture again, and he has asked me to mend it, again. He really is useless.

Useless Perhaps he should be tubeless