The Retirement Thread

5 lurkers | 175 watchers
Hanneke
Hanneke
Aug 2022
5:45pm, 10 Aug 2022
91,753 posts
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Hanneke
Anyone by the sea who would like a swap? 4 chickens, cat, greenhouse to water. Black Mountains, S Wales/Herefordshire borders :)
Ally-C
Ally-C
Aug 2022
6:13pm, 14 Aug 2022
2,292 posts
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Ally-C
Met my financial advisor today who said I should really start spending some cash. Might follow his advice😀
Hanneke
Hanneke
Aug 2022
9:34pm, 14 Aug 2022
91,832 posts
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Hanneke
Sooooo it transpires my UK private pension our business paid into when we could afford it becomes available in January. It isn't much: £109.000
Question is what to do?
Currently thinking of letting it sit there for another couple of years, then review or use it to get an off grid solar setup... And drill for water and create a waste water swale...
Velociraptor
Velociraptor
Aug 2022
9:38pm, 14 Aug 2022
59,326 posts
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Velociraptor
From what you've said previously about the precariousness of your health and financial situation I'd look into starting to draw it down and go back to semi-retirement, Hanneke.
Hanneke
Hanneke
Aug 2022
9:40pm, 14 Aug 2022
91,833 posts
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Hanneke
I was just thinking that V-rap, thanks :) and if I use some of it for solar power, that would save me more per month than an annuity would pay me!
Velociraptor
Velociraptor
Aug 2022
9:46pm, 14 Aug 2022
59,328 posts
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Velociraptor
If it's in a pension fund there will be a limit to how much you can take at once without being hit for tax, but you can take 25% tax free and make a decision about whether and at what rate to draw down the rest.
Hanneke
Hanneke
Aug 2022
10:00pm, 14 Aug 2022
91,835 posts
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Hanneke
It is... 25% would pay off the mortgage I had to draw down on again and pay for solar... That would bring the cost of living down dramatically, so I can work less...
Hanneke
Hanneke
Aug 2022
10:03pm, 14 Aug 2022
91,836 posts
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Hanneke
Thanks :) good food for thought!
Mrs Jigs (Luverlylegs)
Mrs Jigs (Luverlylegs)
Aug 2022
6:58am, 15 Aug 2022
34,721 posts
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Mrs Jigs (Luverlylegs)
I had my annual appraisal last week, I mentioned that I am seriously considering retiring at the end of March, not ready to formally commit yet but haven’t changed my mind.
3M (aka MarkyMarkMark)
3M (aka MarkyMarkMark)
Aug 2022
10:30am, 15 Aug 2022
18,891 posts
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3M (aka MarkyMarkMark)
My annual appraisal included the question "What do you want to be doing in a couple of years time?"

My answer didn't really involve work!

About This Thread

Maintained by Sigh
A place for baggy spaciousness: "The quality of time, soft attention and ease that we could enjoy 'doing nothing' "
(thanks to TheScribbler for the term (p1516)!)
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