The Retirement Thread
176 watchers
Jun 2022
5:16pm, 15 Jun 2022
90,195 posts
|
Hanneke
As JDA says! And why I semi-retired in 2014... I just looked at how little I need to live well and once I was recovered enough from.illness, I started free lancing... Only just enough to pay for my essentials. I live very frugally and noone is dependent on me, which helps, but it is only the one income I can rely on. |
|
Jun 2022
5:16pm, 15 Jun 2022
90,196 posts
|
Hanneke
Quality of life is so.much more important!
|
|
Jun 2022
5:18pm, 15 Jun 2022
90,197 posts
|
Hanneke
I have to say: I nearly died in 2013 so your perspective changes somewhat. Against the odds I recovered but it does make me realise it can be over tomorrow!
|
Jun 2022
5:33pm, 15 Jun 2022
58,421 posts
|
Velociraptor
Sometimes the optimal approach from a financial aspect isn't the intuitive one, LG, and if you're getting that rent money no matter what it would be worth considering the financial adviser's suggestion, with actual numbers. It may be that the numbers aren't compelling enough to override your instinctive preference, and that's OK, there's no obligation to optimise your income if it's going to leave you feeling insecure. Can you take a chunk of time out and see how you feel at the end of it? You can't keep going on the way you have been, it's breaking you. |
|
Jun 2022
6:35pm, 15 Jun 2022
58,425 posts
|
Velociraptor
jda and TRO are on the mark, and another way of looking at it is thinking about how many GOOD years you might have left ("healthy life expectancy"). This gov.uk is highly sobering. At 58, if I work another year doing something I don't enjoy I'm squandering over 15% of my statistical remaining healthy life expectancy  I expect to do better than that. My mother and her mother would both have considered themselves healthy and unrestricted till 70 and my father is only just starting to show signs of frailty in his 80s but still considers himself healthy. But something unexpected could happen at any time, and unexpected health events become more likely as we get older. |
|
Jun 2022
6:39pm, 15 Jun 2022
90,200 posts
|
Hanneke
That is an interesting statistic V-rap!
|
Jun 2022
6:40pm, 15 Jun 2022
62,686 posts
|
Lip Gloss
Thanks folks. I will have to give it some serious consideration as you’re right V’rap I’m not in a good place .
|
Jun 2022
6:44pm, 15 Jun 2022
22,304 posts
|
Ness
That is interesting, Vrap. My father had a diagnosis of a brain tumour not long after his 50th birthday but I can't help but wondering if the contact he had with chemicals in the paint trade he worked in had something to do with that. My mum is 81 and reasonably healthy. Just starting to show signs of slowing down.
|
|
Jun 2022
6:48pm, 15 Jun 2022
62,689 posts
|
Lip Gloss
My dad is 84 with dementia but my mum died at 57 with secondary cancer
|
Jun 2022
7:07pm, 15 Jun 2022
22,835 posts
|
Bazoaxe
I am sat in an outdoor area of an amazing appt in Malaga. A Dutch couple bought it in 2017 and have gutted and transformed the place. It’s got me thinking about the life I want to lead. Sadly there are too many obstacles in our way but it’s nice to dream. |
Marmite 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
Related Threads
-
Any pension experts out there?
Oct 2024
-
Writing a will.
Nov 2022
-
Energy Bills
Jan 2025
-
Saving Money Tips
Aug 2023
-
Any benefit geeks can help me?
Mar 2023
-
Selling things
Feb 2023
-
Anyone here freelance or self-employed?
Jan 2024
-
Accounting Question
Oct 2017
-
How do I declare extra income to the HMRC when I've always been on PAYE?
Oct 2016
-
Home book keeping for the compleat Fetchie
Mar 2024
