The Retirement Thread
16 lurkers |
174 watchers
May 2022
9:36pm, 5 May 2022
2,146 posts
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Totriornottotri
Apologies x-post: Ness, Vrap, podcasts.apple.com this podcast I listened to today with Steven Bartlett and Marcus Buckingham is interesting and talks about how teachers and hospitals fail massively when it comes to making people feel part of a team which leads to poor retention and productivity.
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May 2022
9:44pm, 5 May 2022
57,844 posts
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Velociraptor
Thanks, ttontt  We had a super team in my most recent place till The Federation stuck in a big spoon and stirred it up. |
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May 2022
9:54pm, 5 May 2022
2,147 posts
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Totriornottotri
It is obviously general (they guy worked for Gallup) but thought it was interesting the two professions it singled out were those two!
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May 2022
10:03pm, 5 May 2022
4,341 posts
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Fields
I wonder what they’d say about my line of work and feeling valued / part of a team. We get lots of folk going when they’ve done their 30. Again like education and healthcare it’s a calling that people give all they have to. I caught up with the thread, 3k net pension per month would double my current salary I suppose it all depends on what you’re used to and what your cost base is. I don’t have anyone else to consider.
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May 2022
6:33am, 6 May 2022
1,386 posts
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arbster
I caught up with the thread, 3k net pension per month would double my current salary I suppose it all depends on what you’re used to and what your cost base is. I don’t have anyone else to consider. |
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May 2022
6:42am, 6 May 2022
1,387 posts
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arbster
Bazoaxe it's definitely worth having that free chat to better understand what their concern is about the LTA, although it sounds like you have a pretty clear picture of your position. The 20x multiple on DB pensions for LTA purposes is really helpful, when compared with the LTA effect of transferring out, so it's quite normal for DB pension holders to be less exposed to the LTA. Maybe I'm cynical, but it's a strange coincidence that all those civil servants in the Treasury and HMRC have DB pensions, isn't it...? Just remember that you don't technically have to put all of your DC pension into drawdown if you don't need all the tax-free cash, and only need a certain amount to top-up your DB pension. You can take uncrystallised funds pension lump sums (UFPLS) withdrawals periodically instead. If your DC provider doesn't allow them, you could transfer somewhere that does. Good luck with the work situation - hope it goes the way you want! |
May 2022
6:47am, 6 May 2022
32,385 posts
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EvilPixie
Fields as a couple we take home 3.2 ish now and are looking for 2k between us at retirement
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May 2022
8:34am, 6 May 2022
5,840 posts
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ThorntonRunner
Whilst I've used the "how much you need to retire" sites to broadly sanity check my calcs, I've based our plans on a spreadsheet of our current spending pattern adjusted for the changes I expect once retired. I've just updated it to add a grand to the electricity/gas line!!
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May 2022
8:55am, 6 May 2022
32,389 posts
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EvilPixie
yes TR I think the fuel will have a big impact ... more than the 0.25% increase in interest rates!
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May 2022
8:58am, 6 May 2022
135,067 posts
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GregP
Yep - don't treat them as gospel but if they said the yearly requirement was ten pounds, seven shillings and sixpence or, slightly more plausibly, forty thousand pounds, I'd have a bit of a scratch of the head and a re-model.
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McGoohan Useful Links
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