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Post by brian2957 on Mar 31, 2020 15:20:50 GMT
Not having visitors is a nice bonus for me - and all the other anti social types Hah !! ..that'll be me you're talking about then MIke  |
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Post by MartinT on Mar 31, 2020 19:57:55 GMT
T-minus 4½ years and counting...
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Post by speedysteve on Mar 31, 2020 20:18:05 GMT
I like semi retirement.
Completely different work to previous job.
No commute, creative and I get great job satisfaction.
I've been doing this since 2013 aged 49.
I don't actually need to work but I enjoy making things and it probably keeps my brain active.
I might carry on doing it for many years yet, if spared!
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Post by Slinger on Mar 31, 2020 20:30:39 GMT
I'm past pension age now but had to pack up work early for health reasons. I'd quite happily have spent those couple of years being fit enough to carry on moaning about having to work for a living.
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Post by MikeMusic on Mar 31, 2020 20:50:47 GMT
There was one thing surprised me.
Had an urge to play with databases recently - work type stuff not just playing with my records database and personal stuff
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Post by covenant on Apr 1, 2020 11:33:04 GMT
I am 66 and still working as a chartered surveyor but 'furloughed' from today, so I will be seeing if I get bored. Judging from the list of chores, I doubt it.
To those who are much younger, your pensions are so important, you need advice from an IFA consultant. I amalgamated most of mine but got advised to leave one as it was-it only has about £85000 in it but will give a yearly income of about £7000 as it has a guaranteed anuity rate attached to it.
The remaining main private pension has taken a big hit so I dont see me retiring for a couple of years yet. Delaying the state pension by a year will mean I get about £10500.
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Post by MartinT on Apr 1, 2020 11:52:55 GMT
I am very lucky in having two frozen final salary pensions, a good current defined contributions scheme, one year of frozen teacher's pension and a free-standing AVC. If I can manage not to croak by age 66, I should be able to retire comfortably.
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Post by MikeMusic on Apr 30, 2020 9:23:02 GMT
30 April 2016 was my last day at work
4 years and very happy doing 'nothing' haha
Sorting out 30 odd years of putting things to one side continues
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Post by MartinT on Apr 30, 2020 13:04:33 GMT
I'm starting my new job on Monday, and yet another new pension, with a target of retiring in 4½ years' time. It feels good knowing that I have that end point in mind and I feel I can throw myself into these final few years with gusto.
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Post by MikeMusic on Apr 30, 2020 13:06:47 GMT
Who knows you might enjoy it so much you hang around, go part time or consult.
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Post by covenant on May 17, 2020 10:29:31 GMT
Two and a half months after being furloughed and I am still not bored! Found lots of things to do and increased the amount of exercise I do beyond a simple walk. Some of the YouTube workouts are very good for keeping you supple. Strangely, hifi hasnt been that important, half an hour a day is enough.
I have panicked about my main pension however and moved it into cash for a while. I think the stock market is currently experiencing a Bull Trap-when the economic impact of CV19 is fully realised on both sides of the Atlantic then values will drop like a stone. Judging when to invest again is the tricky bit.
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Post by MikeMusic on May 17, 2020 11:07:23 GMT
I'm still busy 4 years into retirement. Fence repairing continues today Long term the market will recover. the clever bit is knowing when. What is Soros doing ?  |
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Post by MartinT on Apr 7, 2023 18:12:12 GMT
Yesterday I received my first pension completion pack. My state age for retirement is 66, which is Oct 2024. However, all my private pensions retire me at 65 so they start yielding this Oct 2023.
They seem to assume that we're all idiots as there are countless reminders that I should pay for financial advice before I make a decision. I've been tracking my pensions for years in Excel and I know exactly what I'm going to do for each one.
Scary and sobering moment, though, making retirement seem more of a reality now.
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Post by MikeMusic on Apr 7, 2023 20:04:12 GMT
Be there before you know it
I'm coming up to 7 years retired. Seems like no time at all and forever rolled into one
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Post by Clive on Apr 7, 2023 20:49:13 GMT
Yesterday I received my first pension completion pack. My state age for retirement is 66, which is Oct 2024. However, all my private pensions retire me at 65 so they start yielding this Oct 2023. They seem to assume that we're all idiots as there are countless reminders that I should pay for financial advice before I make a decision. I've been tracking my pensions for years in Excel and I know exactly what I'm going to do for each one. Scary and sobering moment, though, making retirement seem more of a reality now. I expect you’ve looked at deferring your private pensions for a year. I looked at doing this with my non-drawdown pensions but ultimately they didn’t increase much by deferring for a year so I paid the extra tax whilst working. I turned 65 in July 21 and worked till Dec 23. The few months not paying NI (from July 22) was a wonderful release! If you’re moving pensions you may well “need” (be required) to pay for advice before you are allowed to move them..you’ll be aware I should imagine. |
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Post by Slinger on Apr 7, 2023 21:36:21 GMT
I'm certainly not bored with retirement. I've got tons of things to do. Of course, being retired, I really can't be arsed to do most of them.  |
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Fro
Rank: Quartet
Posts: 342
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Post by Fro on Apr 7, 2023 21:52:03 GMT
Nanc and I are both retired, I'm 67 and she is 59.
We've invested in the market the last 30 years, so we have a nice nest egg.
Think I am busier now than ever, between doing projects on our house, traveling, and playing music with Nanc.
Life is good!
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Post by MartinT on Apr 7, 2023 22:47:42 GMT
I expect you’ve looked at deferring your private pensions for a year. They are a spread. My current work pension will stop at 66, when I actually retire. Two frozen pensions will yield at 65, two at 66, plus state pension at 66. Plus one that hardly matters as its performance has been sh1t ever since they were called Merchant Investors and are now Sanlam, but I call them something else. Yes, it seems that you require financial advice most when you decide to take a big lump sum. Probably to stop the dicks who take out a lot of money and then squander it. Pension gone. I won't be doing that. |
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Post by MikeMusic on Apr 8, 2023 10:02:41 GMT
abdrn looks after my pot
I'm investigating them as they seem to be heavily into fossil fuel investment and other nasties
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Post by MartinT on Apr 8, 2023 10:43:45 GMT
No way am I consolidating mine into a pot. I'll leave the risk spread as I don't trust the integrity of pensions that much.
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