The Retirement Thread
4 lurkers |
175 watchers
Jan 2024
9:28am, 3 Jan 2024
6,289 posts
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Winniefree
Oh, and congratulations TROSaracen - meant to say that first!
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Jan 2024
9:29am, 3 Jan 2024
18,067 posts
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Mandymoo
Great start to the year- lots to look forward too
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Jan 2024
9:39am, 3 Jan 2024
7,387 posts
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bigleggy
@sigh - can I please be moved to the Waiting Lounge with a target date of April 2025  Thanks |
Jan 2024
9:49am, 3 Jan 2024
4,285 posts
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Bob!
Well doneTROSaracen ! Hope your conversations go well tomorrow |
Jan 2024
9:50am, 3 Jan 2024
49,037 posts
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HappyG(rrr)
Sounds good TRO - if I can ask a specific question, what was your logic about the part time job? Was it more relaxing than your full time? Less stress? If so, when was the transition point to wanting to stop the part-time too? Was it just to give the flexibility for travel / activities and not having to book time off etc? I am looking more at a transition than a hard retirement, for financial reasons, it seems. So keen to understand how people feel about moving from their "big" job, to a simpler job (if not able or not wanting to retire "completely")? Thanks. G
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Jan 2024
10:28am, 3 Jan 2024
26,442 posts
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GimmeMedals
Congratulations TRO š
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Jan 2024
10:45am, 3 Jan 2024
27,405 posts
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TROSaracen
Happy to answer... I left the corporate world in a maelstrom of stress and burnout - full retirement at age 53 was financially possible - I could live comfortably (hence no risk), but a lifestyle with Ironman triathlons in places like Hawaii, Nice with associated new bikes/kit etc was a stretch unless I got a part time job. The part time job has been utterly lovely - low stress, interesting and making a difference to a local family run business. It was not well paid, but that plus my DB pension together was a decent sum that covered those wants as well as needs. Plan was always to retire fully around 59-60. The drop off from ultra stress, long hours on the corporate treadmill going nowhere but just surviving to this was a joy and it felt almost like full retirement. I did not fear going into work, nor live on the cusp of exhaustion, torn between just bloody resting during time off/weekends - or trying to actually do something that I wanted to do with my time. Financially and life wise things have moved on, not least death of my wife and new relationship. With merging resources, running one home plus some other financial matters this does now allow me to give up work and have the travel/Ironman etc life. There have also been some changes at work, so there is a gut feeling that now is a good time to exit stage left. |
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Jan 2024
10:49am, 3 Jan 2024
49,040 posts
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HappyG(rrr)
Thanks TRO. That all makes sense. Very best wishes to you in your "full" retirement. G
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Jan 2024
10:50am, 3 Jan 2024
5,443 posts
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FergusG
Enjoy your new found freedom TRO. Iām just heading out for a 14 mile run, instead of spending the day on back to back calls
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Jan 2024
10:51am, 3 Jan 2024
27,406 posts
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TROSaracen
How about back to back 14 mile runs instead Fergus
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McGoohan Useful Links
FE accepts no responsibility for external links. Or anything, really.- Money Helper
- 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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