When do you plan to retire? - Alfa Romeo Forum
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View Poll Results: When will you sack work off?
In my 40's 1 7.69%
In my 50's 1 7.69%
In my 60's 4 30.77%
In my 70's 0 0%
Another age band? 1 7.69%
I don't wish to retire 3 23.08%
Other (please explain) 3 23.08%
Voters: 13. You may not vote on this poll

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  • 1 Post By Harvo
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  • 1 Post By Keithy
 
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When do you plan to retire?

This is something that I find myself thinking about too much at the moment.

So, let's have a chat about our respective plans, hopes, and dreams.... :tum:
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(Post Link) post #2 of 24 Old 25-02-17 Thread Starter
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My plan is vague:

- pay off mortgage by time I'm 52
- get youngest through uni by time I'm 55
- get an offer to go on voluntary if I'm lucky
- retire at 60 at the oldest, and maybe sooner

Many variables will need to fall into place. And the whole not dying thing too.

How about you?
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Some of my thoughts are:

I haven't got a clue about what I would do when I retire, yes, go and watch Sussex County Cricket club a lot but that doesn't really work so well in February...
I'd want to keep my brain active / stimulated - not that retiring means that you are not active.
There's a social side to work - although where I currently work, I barely socialise outside of working hours with my colleagues (I literally have not been to the pub with any of them in say 4 years), they are still people that I talk to and part of my daily life.
Would I have enough money to be able to retire - I would hate to run out!

Having said all the above, I like the idea of a phased retirement, so going down to four days a week for a year or two, then down to three days a week etc. Just leaving on a Friday and not going back in the next week could be a bit of a shock to the system!
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Retirement is unlikely to still be a thing by the time I get there
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52 this year and mortgage free now.
Would like the idea of wrapping in at 60 at the latest, blowing our savings on holidays and stuff.
Then living off the state when my pension comes.
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I don't think I will ever be able to afford to retire.

39 now and still cannot aford to even get a mortgage, despite me and the SO earning above the average salary.
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Should be mortgage free by 54 and currently saving 22.5% of earnings into pension (7.5 me 15 company) so hopefully a decent pot by time I retire at 67. That's if I don't get mugged off on my final pot and the government don't move the goal posts again.... Or if I die or the missus leaves me and screws me over.......Or if I suffer ill health and have to pay for my own healthcare as by then the NHS will be defunct......
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Quote:
Originally Posted by Elvis Presley View Post
When do you plan to retire?
Almost every waking (and sleeping) moment.
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Quote:
Originally Posted by Elvis Presley View Post
My plan is vague:

- pay off mortgage by time I'm 52
- get youngest through uni by time I'm 55
- get an offer to go on voluntary if I'm lucky
- retire at 60 at the oldest, and maybe sooner

Many variables will need to fall into place. And the whole not dying thing too.

How about you?
Driving a 17 yr old Honda (bought for <600) is part of the deal.
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Highly recommend it, a lot of financial planning required if you want to retire early with no debt.

I started my plan early and luckily it worked out.

Mrs. V still works full time, to get away from me truth be known
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Quote:
Originally Posted by Elvis Presley View Post
My plan is vague:

- pay off mortgage by time I'm 52
- get youngest through uni by time I'm 55
- get an offer to go on voluntary if I'm lucky
- retire at 60 at the oldest, and maybe sooner

Many variables will need to fall into place. And the whole not dying thing too.

How about you?
I wish you the best of luck with it.

I think I need to go another 5 years at least then re-evaluate as JimJr will be approaching uni age as I'll be knocking on normal retirement age. I foresee more years in chains rather than the sunlit idyllic vacation apparently in reach of many.
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Quote:
Originally Posted by Elvis Presley View Post
- get an offer to go on voluntary if I'm lucky
- retire at 60 at the oldest, and maybe sooner
SiEiF, private sector or public?
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We're mortgage free at the moment.

But intending to move to a more expensive house in the near future, so will not be any longer. Hopefully should be able to make it to mortgage free again though within 5 years, 10 at the max - depending on exactly how much we decide to spend.

So mortgage free well before 50. But Lord knows for retirement. Have a general plan to try to get a / some property to have an income from, since a pension seems fated to be worth naff all regardless of how much is paid in.
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Originally Posted by Keithy View Post
SiEiF, private sector or public?

You have honed in on the weak spot of my strategy.

Since in the public sector, I'm pretty sure that before too long if they wanted a reduction in numbers they would either cull via aggressively prosecuting the performance management route, or frigging the voluntary compo rules so that we end up paying them.

Fair to say, then, that hope is a key element of my plans.....

:mope:
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Currently looking to be mortgage free by 66

I'll probably retire then, sell the cars and house and die. Watch this space, if I even reach 67

Had I kept my dick in my pants I would have been almost mortgage free at 54 (I'm not 54 yet).

There's something for you young'ns to live by. Find the right partner/girlfriend/boyfriend (whatever preference) and keep your dick out of other.. well you get it.

On the plus side my Fiancee (who was not the one I put my penis in when married) is fantastic and it would have been great to meet her when I was 18 except I would not have had my beautiful daughter and also would have been in prison for paedophilia. My ex-wife was alright but she did not like my interest in cars (and other women too it seems ).

I'm also on record to say that I no longer look at other women because I love my fiancee to bits.

As for other cars.. I can't help that.

I'm not going anywhere, I'm just going.
Statements above are all my own opinion and not fact.
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Quote:
Originally Posted by MalcQV View Post
Currently looking to be mortgage free by 66

I'll probably retire then, sell the cars and house and die. Watch this space, if I even reach 67

Had I kept my dick in my pants I would have been almost mortgage free at 54 (I'm not 54 yet).

There's something for you young'ns to live by. Find the right partner/girlfriend/boyfriend (whatever preference) and keep your dick out of other.. well you get it.

On the plus side my Fiancee (who was not the one I put my penis in when married) is fantastic and it would have been great to meet her when I was 18 except I would not have had my beautiful daughter and also would have been in prison for paedophilia. My ex-wife was alright but she did not like my interest in cars (and other women too it seems ).

I'm also on record to say that I no longer look at other women because I love my fiancee to bits.

As for other cars.. I can't help that.
An invaluable insight into wandering willy syndrome.
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Quote:
Originally Posted by MalcQV View Post
On the plus side my Fiancee (who was not the one I put my penis in when married)
When I married Mrs H, I felt there were too many people watching to put my penis in her so we made do with a kiss.
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am I the only one to be that stupid?
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Originally Posted by Harvo View Post
When I married Mrs H, I felt there were too many people watching to put my penis in her so we made do with a kiss.
****ing priceless.....
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Quote:
Originally Posted by Elvis Presley View Post
You have honed in on the weak spot of my strategy.

Since in the public sector, I'm pretty sure that before too long if they wanted a reduction in numbers they would either cull via aggressively prosecuting the performance management route, or frigging the voluntary compo rules so that we end up paying them.

Fair to say, then, that hope is a key element of my plans.....

:mope:
Abandon hope hope all ye who enter here have all ready been monumentally taken up the wrong 'un.

In a Union mate? If so you might want to ask 'em why they have not told you about this?

Obviously the Evil Empire's definition of 'consultation' varies slightly from that of the OED.

Isn't it also an amazing coincidence that this happened at just the same point in time that the entire NHS is going through 'merger mania' and councils are being forced into further staffing cuts and 'shared back office' services.

Really odd that they have just handed it to each individual public sector organisation to 'implement' rather than coming out and saying "Hey, we just decided to screw over 5.3 MILLION people in terms of their employment T&Cs!"

I'm adopting the 'win the lottery' retirement strategy, it would appear that the rest are a mug's game.
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No 2 on the Git list

Are you folding?

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I had a chat with a mate a few years ago.....he was being offered an ENHANCED redundancy package and he was kicking....

Eventually he went on a 2nd best offer. He's still laughing teacakes.
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Quote:
Originally Posted by Greener123 View Post
Retirement is unlikely to still be a thing by the time I get there
Ditto.
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On a more serious note, I have no idea what retirement will bring. I don't know how much or how little I'll get and don't want to know. I'm blissfully ignorant about it.
The way I see it is that I'll only fully retire when I die. I think 67 is my current retiring age and unless I win the lottery, of which I believe you have to actually take part to do that, then I see no way to really retire before that.

Once I do retire my intention is to find some part time work to supplement what I suspect will be poor pensions. I will have to sell everything I like (except my missus ) I suspect, but who knows, it's a decade and a half away and I am not looking that far ahead.
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I think I'll just kark it and hope the better half can have any other pension I have:

State pension age 'could rise above lifespan' in poorer areas, say MPs - BBC News
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