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Nov 2020
8:13pm, 21 Nov 2020
46,136 posts
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Lip Gloss
I would be replaced no problem but I think my boss is realising I’m getting serious but keeps telling me I’m too young to go  She does know I’m a hard worker
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Nov 2020
8:27pm, 21 Nov 2020
22,308 posts
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TRO Saracen
We’re downsizing; huge headcount reduction promised to the City alongside some bad results and they’re focussed on delivering that.
I suspect longer term they’ll suffer as many good people are going (not me if and when, I’m a fairly easily replaced middle manager).
Currently a ‘no compulsory redundancy’ policy hence the leaver packages available. I strongly suspect this will change, and soon - in an environment when hundreds of thousands will be losing jobs on statutory minimum they aren’t going to keep paying people over the odds to leave voluntarily.
If anyone does get such a leave offer it’s worth bearing in mind, like DB pensions these sorts of things will soon be very rare.
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Nov 2020
8:28pm, 21 Nov 2020
5,377 posts
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FenlandRunner
This is a huge generalisation, however from personal experience, youngsters are high maintenance.
Us (less than young) just crack on and 'get the job done'.
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Nov 2020
8:35pm, 21 Nov 2020
24,158 posts
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Johnny Blaze
I'm 61 and I retired at 57.
I started volunteering with the local Wildlife Trust and also did 1 day a week at the local Hospice bookshop - I did until Covid happened anyway.
However, about 18 months ago I decided I wanted to get back into the workforce because I wasn't completely ready to become "fully unproductive" in the way of gainful employment. So I got a job at Waitrose - 2 days a week, 6 hours a day. Enough to make some decent money and leave me enough spare time to do the other stuff. It's working out. I may quit next year or may not - mainly to catch up with the hols we have lost this year.
3 months ago we got some chickens, which keep us occupied and give us lots of delicious eggs.
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Nov 2020
8:36pm, 21 Nov 2020
47,516 posts
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alpenrose
I got made redundant at the age of 42 from the bank after nearly 25 years service. I somehow managed to survive without working ever since. Being mortgage free was a big thing and I found that you don't really need much for day to day living. I took my pension minus a lump sum at 52 and have been fortunate to have a small inheritance to allow me to pay for holidays and a few odd luxuries from time to time.
It's nice to not be beholden to anyone and you're a long time dead so make the most of any extra time you can get, while you're young and fit enough to enjoy it.
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Nov 2020
8:47pm, 21 Nov 2020
24,159 posts
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Johnny Blaze
I knew our living standards (as in being able to buy what we want when we want) would take a hit when I retired but I had a plan and I stuck to it. I have never bought into that "how much pension you need to retire on 2/3rd of your income" thing. From my point of view, being mortgage free was the big thing and after that it was about covering living costs and having enough left over for "some" nice things, not retiring on 2/3rds of my salary - that would have meant putting huge amounts into my pension for years and I wasn't willing to do that.
I am very sceptical about "money purchase pensions" in the sense that they push people to put in huge amounts for the promise of some kind of (insecure) payout 35 years hence.
I hated corporate life and I never want to go back there again! If you can, retire early and live the life you want to live. The day I walked out of work for the last time I felt the worries of the world lifting off my shoulders. It's quite a feeling.
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Nov 2020
8:49pm, 21 Nov 2020
18,637 posts
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Rosehip
Since we moved here and the mortgage interest rate started to drop from the 16% or so in the late 80s (?) our council tax bill was bigger than our mortgage ever was and is still the largest monthly bill.
I think we need to move.
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Nov 2020
10:50pm, 21 Nov 2020
28,292 posts
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macca 53
Money purchase pensions today seem like endowment mortgages 30 years ago (promising more than could be realistically achieved) - it it seems too good to be true it probably isn’t true....
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Nov 2020
11:31am, 22 Nov 2020
35,204 posts
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Hills of Death (HOD)
I’ve just realised TRO I’ve known you for about 10 years I don’t know what you do for a living.
I think piece of mind is important I think once my mortgage is finished I’ll be looking at the door.
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Nov 2020
12:22pm, 22 Nov 2020
7,074 posts
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Northern Exile
100% agree. If you are contemplating retirement, you've got to do it with an easy conscience and peace of mind, otherwise it sort of defeats the point.
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Jigs 