The Retirement Thread
3 lurkers |
174 watchers
15 Oct
2:21pm, 15 Oct 2024
6,672 posts
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Ally-C
Went out for lunch & met someone we hadn’t seen for a few weeks. Turned out they’d had a heart attack. Thin, fairly active, non smoker, minimal drinker, a bolt from the blue. I’m getting scared to ask the where is so and so these days question. |
15 Oct
2:28pm, 15 Oct 2024
32,910 posts
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macca 53
So sad 😢
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15 Oct
2:29pm, 15 Oct 2024
33,410 posts
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Rosehip
Dingbat wrote: I don't get this idea that retired people are damaging the economy. We spend significantly more now we're retired, we have more time for cafes and shopping and go on more holidays.There's plenty of unemployed people who are supposedly looking for work so we've created job vacancies for them. We weren't "experienced" at work, we were "stuck in our old ways" so we've solved that problem. We're no longer claiming tax relief on pension contributions, we now pay income tax on our pensions... I'm far more economically active now I'm retired This, I spend differently. I buy more running shoes instead of sensible work ones for instance. I'm odd in that I 'retired' twice - without a pension the first time and I did get bored a bit - but I was too young in my 40s and after 3 years or so went to work in a school 5 x the stress for 20% of the pay! and back to a previous conversation, nearly 10 years after I took redundancy, GSK gave me a nice share award as a celebration of one of my drugs' success. I'd not have know the scheme existed if they hadn't contacted me about it. Now, my pension from that career is a lot more I was earning when working in the school, so surely I'm more economically active than then? also Kinks, You really Got Me was no1 when I was born. |
15 Oct
2:31pm, 15 Oct 2024
88,769 posts
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Diogenes
That's a great record to have, Rosehip, I'm jealous
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15 Oct
2:37pm, 15 Oct 2024
6,674 posts
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Ally-C
Beatles; Day Tripper/We can work it out.
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15 Oct
2:58pm, 15 Oct 2024
17,936 posts
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jda
"Economically active" isn't about spending, it's about producing. When you are earning, you are (supposedly) producing something of value, that you get paid for. A pension is just delayed consumption that's been stored up from your productive years. Admittedly there is something deeply unsatisfactory about a measure that completely ignores the contribution made by voluntary work. There's a huge charitable/voluntary/social economy underpinned by the efforts of retired people. And anyway there's really no good reason why we should insist on producing more and more than we can ever usefully need. The main factor underpinning our retirement was the realisation that we'd already amassed more than we would ever need for our fairly comfortable (but not hugely lavish) lifestyle. We could have worked longer, made more money, but....why? |
15 Oct
6:50pm, 15 Oct 2024
667 posts
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Dingbat
jda wrote: "Economically active" isn't about spending, it's about producing. When you are earning, you are (supposedly) producing something of value, that you get paid for. A pension is just delayed consumption that's been stored up from your productive years. Yes it is about "producing" but in so many vocations as we get older we become less efficient. We reach a point where we're not adding value with our experience, we're actually holding things up with our antiquated methods and younger team members can offer far more. I've seen several cases where companies have genuinely benefited from someone leaving even though they were considered irreplaceable, possibly including myself. Producing rubbish isn't being productive. |
15 Oct
7:58pm, 15 Oct 2024
27,531 posts
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Bazoaxe
I had a weird 1:1 with my manager today. I was wfh and joined on teams to find my manager and one of the managers above him in a room. I wondered what they were about to say. Turned out I hadn’t got to an email that explained the call was repurposed and a fourth person was joining to discuss a possible thing we might do. |
16 Oct
11:51am, 16 Oct 2024
1,828 posts
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Daz Love
Bet you hoping it was a redundancy call Baz 
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16 Oct
12:29pm, 16 Oct 2024
27,538 posts
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Bazoaxe
I genuinely though that was what it was
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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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