The Retirement Thread

[Elybazza61]

Just had some large hail come over so nipped out and got the Courgettes and Squash back in before they get damaged.

Another news cleaned out the coffee grinder and bagged these at the charity shop trawl this morning;

Joseph Cheaney shoes and M&S belt for £18.00 the pair, just gave them both a going over with some dubbin .

 

[Stevo 666]

A few questions for you experienced retirees from an aspiring one at some point in the next few years. How did you decide when was the right time to retire, and with hindsight was it the right decision/timing?

At present, my main criteria are pretty obvious and once all three are ticked then I'm out:-
1. Financial security with a bit of buffer
2. Having enough stuff to do/hobbies to fill the days
3. Getting hacked off with the job/working
Have I missed anything?

I've noticed that of my mates who have retired, they generally fall into 2 camps: the ones who have stayed retired and the ones that have 'unretired'. Maybe coincidence, but the ones who stayed retired tended to be those who could wind the job down gradually (moving 4/3 days weeks, going part time etc) and get into the retirement groove over a few years; while the ones who unretired were in fairly full on jobs where there was no wind down option: you either did it full time or not at all - and for them, going back was not about the money, which shows that point 2 is relevant I reckon. (That said, one of them complained that his new 'boss' at home didn't appreciate his work or pay him ) I'm in the latter camp btw.

Any words of wisdom are very welcome 🙂

 

[Dirk]

A few questions for you experienced retirees from an aspiring one at some point in the next few years. How did you decide when was the right time to retire, and with hindsight was it the right decision/timing?

At present, my main criteria are pretty obvious and once all three are ticked then I'm out:-
1. Financial security with a bit of buffer
2. Having enough stuff to do/hobbies to fill the days
3. Getting hacked off with the job/working
Have I missed anything?

I've noticed that of my mates who have retired, they generally fall into 2 camps: the ones who have stayed retired and the ones that have 'unretired'. Maybe coincidence, but the ones who stayed retired tended to be those who could wind the job down gradually (moving 4/3 days weeks, going part time etc) and get into the retirement groove over a few years; while the ones who unretired were in fairly full on jobs where there was no wind down option: you either did it full time or not at all - and for them, going back was not about the money, which shows that point 2 is relevant I reckon. (That said, one of them complained that his new 'boss' at home didn't appreciate his work or pay him ) I'm in the latter camp btw.

Any words of wisdom are very welcome 🙂

Everyone is different.
I worked for 30 years in one job before retiring.
I switched off from working life by the time I'd cycled home. Never gave it another thought. That was 11 years ago.
I feel that people over think things.

 

[Dave7]

A few questions for you experienced retirees from an aspiring one at some point in the next few years. How did you decide when was the right time to retire, and with hindsight was it the right decision/timing?

At present, my main criteria are pretty obvious and once all three are ticked then I'm out:-
1. Financial security with a bit of buffer
2. Having enough stuff to do/hobbies to fill the days
3. Getting hacked off with the job/working
Have I missed anything?

I've noticed that of my mates who have retired, they generally fall into 2 camps: the ones who have stayed retired and the ones that have 'unretired'. Maybe coincidence, but the ones who stayed retired tended to be those who could wind the job down gradually (moving 4/3 days weeks, going part time etc) and get into the retirement groove over a few years; while the ones who unretired were in fairly full on jobs where there was no wind down option: you either did it full time or not at all - and for them, going back was not about the money, which shows that point 2 is relevant I reckon. (That said, one of them complained that his new 'boss' at home didn't appreciate his work or pay him ) I'm in the latter camp btw.

Any words of wisdom are very welcome 🙂

Words of wisdom ?? Not sure you'll get many of those on here .
But seriously, every one is individual.
With me I got the chance to retire at 63. Full state pension, a small private pension of approx £3K per year and a small L/S from selling my small business.
I walked out and never looked back.
I had a good wife (sadly died now) , played golf and cycled. I enjoyed every minute of retirement apart from the serious pain of Sue dying.
So my advice is go for it asap.
My Dad worked till he was 65. Only had a state pension and died too soon..
Do it while you can is my advice.
BTW..... this section of CC was/is a great help to me and you will find a warm welcome here.

 

[Dave7]

Well - I am now officially old

My OAP bus pass has arrived!!

My Bro lives on the Wirral. They get free bus, train and Mersey ferry.
We get free bus at certain times.