The Retirement Thread
176 watchers
19 Apr
8:55am, 19 Apr 2024
53,518 posts
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EvilPixie
Logical head - all good plenty of money enjoy yourselves illogical head - I need to start looking for a job quickly PANIC wasn't expecting that so soon - not even 24hrs after resigning! |
19 Apr
8:59am, 19 Apr 2024
47,578 posts
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.B.
It’s natural Pix, we both did that. Just breathe, trust that everything is fine, and commit to say 6 months of no work to rest, recover and discover what retirement is like. We both love it and have no desire to work any more, enjoy! X
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19 Apr
9:04am, 19 Apr 2024
53,519 posts
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EvilPixie
thanks logical head is right I know but eck |
19 Apr
9:22am, 19 Apr 2024
7,473 posts
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bigleggy
It's my birthday tomorrow , which begins my 365 day countdown. I might not actually retire on my birthday next year but I hope to have at least started the process of finding out if its at all feasible  Currently tho :- Logical Head - Get out next year and enjoy, you've worked all your adult life Illogical head - you gotta work to earn money, how can you possibly stop in a year !! :-/ |
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19 Apr
9:28am, 19 Apr 2024
53,521 posts
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EvilPixie
glad I am not alone! especially when you think of Oscar the Grouch - 51 you don't know what tomorrow will bring so enjoy it |
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19 Apr
9:51am, 19 Apr 2024
47,579 posts
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.B.
Sadly, exactly that Pix. Our friends had just got to early retirement last year and had no chance to enjoy it due to a horrible illness taking S at 57. We have done nowhere near as much financial planning as most, and do get wobbles about it every now and then, but mostly I think these are our best years, get on and enjoy them. Later we will have our state pensions and likely, even later, we will not want to spend as much as we do now, so it will even out. |
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19 Apr
10:01am, 19 Apr 2024
7,474 posts
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bigleggy
51 !! I didn't realise Oscar was quite so young I need to keep this in mind next time my brain tries to convince me to stay in work......... |
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19 Apr
10:07am, 19 Apr 2024
53,523 posts
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EvilPixie
bigleggy here fetcheveryone.com/blog/35294/2024/4/482373 and he was super fit It was my cancer scare (rightly or wrongly I was convinced it was cancer) that pushed me over the edge as such I have a healthy personal pension pot that will be plenty for the 10 yrs between that (57) and state pension (67) but I need to get there! So 6 years self funded. Gran has made this possible but Mr Pix is trying not to use that money as he worries about longevity. Gran was in a home for 18 months at 7K a month
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19 Apr
10:17am, 19 Apr 2024
7,475 posts
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bigleggy
Thanks EP
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19 Apr
11:00am, 19 Apr 2024
27,730 posts
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TROSaracen
It’s very true, most people are overly conservative about retirement - partly age related. Most hanker for the aspirational lifestyle when time is your most precious, valuable resource. Your world shrinks, your needs decrease too. Holidays are great but when your life is a holiday, every day yours, no stress, your NEED for the holiday is less. In my view if you own a property which is downsizable (ie you could move into something comfortable but smaller at some point in the future), then you are almost certainly secure enough to retire late 50s. |
Jigs 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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