The Retirement Thread
2 lurkers |
174 watchers
May 2022
4:53pm, 27 May 2022
35,889 posts
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LazyDaisy
I felt guilty at 'abandoning' my tutor group, most of whom had very tricky home lives and I'd been a constant in their lives for three years. But looked at objectively, their problems were far bigger than I had the capacity to solve and I'd given them my best shot. I left because it was time to look after me. Once I'd thought this through (often while out running in fact) I let go of the guilt.
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May 2022
7:57pm, 27 May 2022
55,506 posts
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alpenrose
I filled in the on-line pension claim (it took about 2 minutes as I had a letter) on the 24th and got a letter today telling me how much I'll be getting when the time comes. 
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May 2022
10:33am, 28 May 2022
1,411 posts
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arbster
I've officially commenced my journey, albeit more of a "gear change" at present. I will be moving to 3 days/week in my day job in the next month or so (subject to a few details) and taking up financial coaching for the other two days. The plan is to fully transition at some point in the next 9-24 months. The coaching will never pay all the bills, but it's something I can do flexibly, from home, and I find it more rewarding.
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May 2022
12:31pm, 28 May 2022
14,387 posts
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Sigh
That sounds good, arbster.
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May 2022
12:38pm, 28 May 2022
725 posts
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Shades
alpenrose - it's very efficient isn't it, once you're in the system. I checked yesterday and I will be eligible for the winter heating allowance for winter 2022/23. I think that will be £100 plus the energy crisis grant just announced of £300. It depends when your birthday is, so worth checking. |
May 2022
12:43pm, 28 May 2022
58,231 posts
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Velociraptor
Nice lifestyle decision, arbster 4 weeks wilfully unemployed for me now (apart from having worked two 6 hour Saturday sessions, and I have no more in the pipeline though I'd be willing to do a few over the summer if asked). It's flown by even though I've done very little. I've let my accountant know that my income this year is likely to be below the lower income tax threshold. |
May 2022
12:52pm, 28 May 2022
661 posts
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EdJ
Sounds like we've got a month to get as much advice out of Arbster as possible before he starts charging us for it
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May 2022
1:02pm, 28 May 2022
27,349 posts
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Johnny Blaze
I think the glide path approach to retirement is a good one if you are lucky enough to be able to do it. I did 3 years of on/off contracting before I finally quit for good, but a reduced working week is a good call as well.
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May 2022
1:07pm, 28 May 2022
30,008 posts
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macca 53
I spent two years training my replacement which was rather like a long farewell tour 😁😁
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May 2022
1:20pm, 28 May 2022
135,927 posts
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GregP
Johnny Blaze glide path? Reducing hours is that? As I mentioned a couple of days ago my DCI has been posted so I’ve got a new boss to get used to soon. If that goes well - which is by no means guaranteed - I might consider easing into it with another year two days a week. I do four now for the most part - five day weeks are about once a month. |
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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