The Retirement Thread
21 lurkers |
176 watchers
Dec 2023
8:05am, 11 Dec 2023
24,003 posts
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Sigh
Happy retirement day, Mrs Jigs (Luverlylegs)! 
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Dec 2023
8:29am, 11 Dec 2023
40,002 posts
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Mrs Jigs (Luverlylegs)
Thank you Sigh 😊 2.5 hours to go 🥳
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Dec 2023
8:32am, 11 Dec 2023
72,726 posts
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Merry Lip Gloss
Ooh, hopefully they won’t make you work 
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Dec 2023
8:37am, 11 Dec 2023
26,058 posts
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Bazoaxe
After pondering on this for 12+ months today I switched out of the default funds in my DC pension I have been reluctant to do so as I don’t really know what I am doing and felt I should trust the trustees who should know The annual costs are half that I was paying. Although part performance is no guarantee of the future the three funds I chose have significantly outperformed the default. |
Dec 2023
8:46am, 11 Dec 2023
48,782 posts
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Merry Christmas and Happy NewG(rrr)
I'd be happy to switch to reduce fees Bazo, but I can't be bothered tracking performance. I'm just not interested and I think I would fret about it. I feel like the whole investment process is a big game, and is more akin to gambling (i.e. chance) than to science. And gambling is a big worry for me. Not just in terms of the loss of money, but also the addiction side. So no, I'm going to leave the funds sitting wherever someone else wants to put them and just hope that when I come to access they are worth enough to live on. Good luck to you though, and anyone else who "actively manages" their portfolio.  G
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Dec 2023
8:56am, 11 Dec 2023
26,059 posts
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Bazoaxe
That’s been my approach as well although I do keep a close eye on performance. Said performance though has been dreadful.
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Dec 2023
9:30am, 11 Dec 2023
115,814 posts
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Hanneke
I thought about becoming a phlebotomist, to top up my meagre pension... Always a demand here apparently. One day a week at the Drs surgery would suit me...
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Dec 2023
9:36am, 11 Dec 2023
7,980 posts
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westmoors
I have 3 DC pots, one I currently contribute to, and two that I don't. I've left them all on the default 'lifestyle' option as I don't feel confident enough to select my own investment funds, nor the incentive to track them. However, I have set different retirement ages on each so that the conversion to 'cash' occurs at different times. Fortunately I also have a DB pension to claim when I'm 65 which I believe will pretty much cover my living costs.
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Dec 2023
10:00am, 11 Dec 2023
3,005 posts
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Flatlander
One hour to go Mrs Jigs (Luverlylegs)
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Dec 2023
10:26am, 11 Dec 2023
7,982 posts
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westmoors
35 minutes to go Mrs Jigs (Luverlylegs)
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Marmite Useful Links
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- How Much is Enough to Retire On?
- Retirement Living Standards
- How much will you need to retire?
- Free Govt website for pension advice
- SIPP pensions
- ISAs
- Check your National Insurance contributions
- Check your state pension account
- Martin Lewis on pensions
- Support and advice for those widowed under the age of 50
- Power of Attorney information
- Making the most of your retirement
- 20 tips for a happy retirement
- Married Couple's Allowance
- Aviva guide to retirement planning
- U3A
- U3A Local Sites - map
- Make a Power of Attorney
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