Enjoying Retirement

[Longy00000]

I've had a keter shed for about 3 years now and its great. Seems very durable and easy to pressure wash.
Mine did get clobbered by a mini digger a couple of times so bares a few scars but never punctured or suffer anything other than light cosmetic damage.
I've been impressed.

Good to know the boxes are not the same as have been considering a box lately but shall look elsewhere if I need one.

[PositronicRay]

Longy00000 said:

I've had a keter shed for about 3 years now and its great. Seems very durable and easy to pressure wash.
Mine did get clobbered by a mini digger a couple of times so bares a few scars but never punctured or suffer anything other than light cosmetic damage.
I've been impressed.

Good to know the boxes are not the same as have been considering a box lately but shall look elsewhere if I need one.

I've been abusing some for the last six yrs, from the Keter 'store it out range' they've been fine.



[

Edited by PositronicRay on Saturday 4th May 16:16

[Ed Moses]

Happy to see quality shed discussions for content on our enjoying retirement thread - a much better use of our collective time than worrying about where the next Pound is coming from…..

[PositronicRay]

Ed Moses said:

Happy to see quality shed discussions for content on our enjoying retirement thread - a much better use of our collective time than worrying about where the next Pound is coming from…..

I retired in 2012, and ordered a new shed in the very 1st week. The vendor of sheds took pity on me in my Sunbeam Alpine (yet to sort a new daily) and gave me an umbrella.

[mikef]

Retirement undoubtedly requires a new shed



From Ace Sheds in Bethersden, Kent

[skeeterm5]

To,protect our shed from the weather we built it inside one of the barns 😊

[PositronicRay]

skeeterm5 said:

To,protect our shed from the weather we built it inside one of the barns ??

Sensible idea.


My 3rd shed since retirement.

[loafer123]

skeeterm5 said:

To,protect our shed from the weather we built it inside one of the barns ??

Isn’t the barn just a big shed? Why have the shed at all?

[skeeterm5]

loafer123 said:

Isn’t the barn just a big shed? Why have the shed at all?

Good question.

Putting the shed into the barn has allowed me to put heating into it, which means I can still do quite a lot of jobs through the winter when the bigger barn is freezing cold.

[Boringvolvodriver]

skeeterm5 said:

loafer123 said:

Isn’t the barn just a big shed? Why have the shed at all?

Good question.

Putting the shed into the barn has allowed me to put heating into it, which means I can still do quite a lot of jobs through the winter when the bigger barn is freezing cold.

Now that is excellent thinking - I hope you also have a summer shed!

Digressing from Shed chat - just sitting in the sun in Athens ahead of a cruise tomorrow - only had to wait 6 years for one which we said we would do once retired..........COVID put paid to one that we had booked previously.

Just have to hope that neither of us are sea sick now

[Om]

loafer123 said:

Isn’t the barn just a big shed? Why have the shed at all?

In some places it makes real sense. We have just been up to see some friends who were having an open garden day here on Anglesey. In one of the storms earlier this year their three bay garage moved a couple of feet, was hanging off its plinth and they had to have it winched back and reattached… Putting a shed inside a stone building make sense in some circumstances!

Edited by Om on Sunday 5th May 18:33

[Silver Hammer]

First shed being delivered on Friday from Tiger Sheds, then a log cabin due in July, so lots of DIY to look forward to now.

Maxwell

[nordboy]

I'm just over 20 months away from retiring from my current role which I will have been at for 25 yrs. I'll be 55.

As for total retirement, I'm starting to really panic that it's never really going to happen. Underperforming pension and circumstance have seen to that. I think I'll certainly be working for the foreseeable future.

As for the wife, she was a consultant, COVID totally wiped out any savings and she had to cash in her small pension or we would have been right in the st financially. She slipped through the furlough gaps and didn't get any help at all.

We will have a reasonable amount of equity in our home so looking to downsize and potentially be mortgage free.

Getting very close now to having to make some very big decisions. Unfortunately, seems as if my retirement isn't going to be as early or as easy as I thought it was going to be.

Still, things are what they are, there's always the dream of winning the lotto I guess

[Michael_B]

nordboy said:

I'm just over 20 months away from retiring from my current role which I will have been at for 25 yrs. I'll be 55.

As for total retirement, I'm starting to really panic that it's never really going to happen. Underperforming pension and circumstance have seen to that. I think I'll certainly be working for the foreseeable future.

As for the wife, she was a consultant, COVID totally wiped out any savings and she had to cash in her small pension or we would have been right in the st financially. She slipped through the furlough gaps and didn't get any help at all.

We will have a reasonable amount of equity in our home so looking to downsize and potentially be mortgage free.

Getting very close now to having to make some very big decisions. Unfortunately, seems as if my retirement isn't going to be as early or as easy as I thought it was going to be.

Still, things are what they are, there's always the dream of winning the lotto I guess

Sounds like you may indeed be working for a bit longer than perhaps planned. Are the 25 years service and retirement at 55 arbitrary targets, or are there some other elements at play?

I could have retired at 55, but it would have meant a few lifestyle changes, e.g.selling primary and/or second home and living in just one, which we weren't willing to do, especially as it would have long-term implications for tax/residency/inheritance tax issues. So I decided to work until 60 (still another 2 years to go) and then will be able to continue with the status quo and make the choices in our own time. This has been a bit of a compromise given some healthcare issues with my partner and my desire to call it a day in a stressful job, but we have decided together that it's the best course for the moment.

Hope your big decisions are good ones!

[The Gauge]

2172cc said:

Quite chuffed with myself for getting my head into gear and putting together a Keter plastic shed

I sprayed my Keter plastic store with this UV ray protector to try and stop any fading

[Longy00000]

nordboy said:

I'm just over 20 months away from retiring from my current role which I will have been at for 25 yrs. I'll be 55.

As for total retirement, I'm starting to really panic that it's never really going to happen. Underperforming pension and circumstance have seen to that. I think I'll certainly be working for the foreseeable future.

As for the wife, she was a consultant, COVID totally wiped out any savings and she had to cash in her small pension or we would have been right in the st financially. She slipped through the furlough gaps and didn't get any help at all.

We will have a reasonable amount of equity in our home so looking to downsize and potentially be mortgage free.

Getting very close now to having to make some very big decisions. Unfortunately, seems as if my retirement isn't going to be as early or as easy as I thought it was going to be.

Still, things are what they are, there's always the dream of winning the lotto I guess

The under performing pension is an issue. Can you move it? If its your active membership scheme sponsored by your employer that may be difficult but should at least allow for a fund switch.
Apathy with pension funds can have a huge impact on your outcomes, it's always best to try and keep an interest in them and to seek that out performance so long as your comfortable with any risk.
It's rhe 'outperformance' bit that funds my not so sensible decisions and all the good stuff in life.

Good luck with getting the finances sorted and I hope things come together for you.

AS A SIDE ISSUE: I've been repositioning my pension assets in readiness for a spurt in the equity markets once interest rates start getting cut both euro and US markets. Anyone else doing anything in particular??

[nordboy]

Unfortunately I can”t move my pension, it’s work tied.

I do have the option of staying for an extra 5 yrs, but I can’t really make the figures work as we’ve been moved into an even lower performing pension. My lump sum is basically what I pay in, and my monthly pension only seems to go up £300, so I think i’d do better getting out, as i’ll be 55, i can start receiving my pension straight away, so my thoughts are that the money i’ll receive over that 5 yrs will take many yrs to recoup.
I also have the option of returning just in a different capacity, i’m just very tired of the whole organisation and it’s a mentally exhausting job which really doesn’t get any easier the older i get.

I guess the real worry is that due to circumstances, i’m the only one with the pension and i just don’t see how two of us could survive on it tbh.
The realisation is that retirement is still a very very long way off, if i’ll really be able to retire at all?

I’m pretty sure i’m not the only one in this sort of situation and it’s probably going to be far more common in the future.
The ‘excitement’ of retiring is something I don’t really have.

[skeeterm5]

nordboy said:

Unfortunately I can”t move my pension, it’s work tied.

That is a crappy position to find yourself in, are you absolutely sure you can’t transfer it?

Given the issue it is causing you it might be worth getting some advice, https://www.moneyhelper.org.uk/en/pensions-and-ret... is a good starting place.

[2172cc]

I feel for you mate......I know it's not the sort of thing you want to hear, but I've been extremely lucky with my BT pension plus the Standard Life one that has taken over in the past few years as well as the lump sum I took as part of a voluntary redundancy settlement agreement and the result is financially very good for me. I don't need to work anymore after 35 years with them so the decision to retire at 60 was a no brainer.
I can't offer you any golden advice as my situation was different but retirement has been the best thing that could have happened for me so hopefully you can find a solution and enjoy the rest of your life.

[craig1912]

nordboy said:

Unfortunately I can”t move my pension, it’s work tied.

I do have the option of staying for an extra 5 yrs, but I can’t really make the figures work as we’ve been moved into an even lower performing pension. My lump sum is basically what I pay in, and my monthly pension only seems to go up £300, so I think i’d do better getting out, as i’ll be 55, i can start receiving my pension straight away, so my thoughts are that the money i’ll receive over that 5 yrs will take many yrs to recoup.
I also have the option of returning just in a different capacity, i’m just very tired of the whole organisation and it’s a mentally exhausting job which really doesn’t get any easier the older i get.

I guess the real worry is that due to circumstances, i’m the only one with the pension and i just don’t see how two of us could survive on it tbh.
The realisation is that retirement is still a very very long way off, if i’ll really be able to retire at all?

I’m pretty sure i’m not the only one in this sort of situation and it’s probably going to be far more common in the future.
The ‘excitement’ of retiring is something I don’t really have.

Some of that stuff doesn’t sound right. Why have you been moved into a lower performing pension?
Do you get a choice of funds?
Lump sums aren’t what you pay in. They are either 25% of fund (DC scheme) or a commutable value defined by the scheme (DB scheme).
What do you mean by “ my monthly pension only seems to go up £300”?
Can you pay additional contributions?
Who is your pension with?