Enjoying Retirement

Enjoying Retirement

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Discussion

RDMcG

19,245 posts

209 months

Wednesday 22nd May
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Harry Flashman said:
I love those updates, RDMcG.

We have a similar situation in a way - I am married to an American, although neither of is is retiring any time soon - I'm aiming for 55-60 to do this, but that's very much up in the air as I like my career, and it also means I could be at home with two teenage daughters whilst my wife keeps running her business...and that may be a test of everyone's patience.

On your health point, unfortunately on my side of the family the men don't seem to last into their 80s, and whilst I am healthier than my forebears, I am not perfect (improving), and don't want to retire in my 60s and just have a few years of poor health before I die. I'd like to retire, and be active for as long as I can, and have a few years.

Have PMed you as am really struggling to find an advisor who can pick their way through the dual tax thing. Rather hoping you have a lead...

Very best,

HF.

Edited by Harry Flashman on Wednesday 22 May 08:48
Repliedsmile

NowWatchThisDrive

707 posts

106 months

Wednesday 22nd May
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Another fan of the photos and anecdotes here RDMcG! Will keep an eye out for more.

Dixy

2,948 posts

207 months

Thursday 23rd May
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Yesterday I had a reminder of what having to go to work was like. I did my tax returns. In order to retire early my finances are a tad complicated and so have to do my return, my wifes and one for our partnership. So many boxes, so many questions I dont understand.
Oh I do not miss bureaucracy.

Car bon

4,698 posts

66 months

Thursday 23rd May
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I also had a reminder - I went into London to meet friends for dinner.

I can't believe I used to do that every single day.

irc

7,506 posts

138 months

Thursday 23rd May
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RDMcG

That is some mega update. Kudos. It rang a few bells for me. If we measure life in the dogs we live with I have a couple left. I'm 63 and my dad lived to 90. We currently have two Standard Poodles. The older is the best dog we have ever had. Now aged 11 it will be a big blow when she goes. We got her after a gap of a few years after the previous dog went. Realisticly another 4 years give or take.

The USA southwest is my favourite part of the USA. I have cycled across the country by three different routes to have seen a fair bit. I love the desert and red rock scenery though. I have bike toured through Utah/Nevada/Arizona/California on other tours apart from my three big ones.

The Florence Supermax. I cycled past it in 2009.

Retiral? At 63 I am still working part time. Financially I could retire in a couple of years. I may keep on going a year or two. My shifts are irregular enough that I get numerous full weeks off. Enough to do my local biking/hiking around Scotland.

Still fully healthy. Not on any meds. Exercise most day. Gave up running as I was getting injuries. swimming/cycling/hillwalking is enough.

One pic. Rest stop near Area 51 Nevada looking back at storm. The bike is lying on the road to avoid any Goathead thorn punctures if I push it onto the gravel. . Nice remote road. 170 miles between towns. Tonopah to Ely NV.



RDMcG

19,245 posts

209 months

Thursday 23rd May
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irc said:
RDMcG



One pic. Rest stop near Area 51 Nevada looking back at storm. The bike is lying on the road to avoid any Goathead thorn punctures if I push it onto the gravel. . Nice remote road. 170 miles between towns. Tonopah to Ely NV.


Good pic!...The more remote the better as far as I am concerned. It is very calming. One thing I have always believed is that you can possibly become famous or rich or powerful or whatever your dream is but you cannot get back a single second of your life. I realized that when I was about 15, hence no bucket list. At 15 I did not even think about a car as it was well outside the bounds of possibility but instead did the things I could realistically do and as time went by those possibilities changes of course. I do not like aback at the "good old days"..they were indeed good but I was a different person, seeing things for the first time.

Thus for instance getting a ride in a Facel Vega from an Iranian student who rented nearby was a much bigger thrill for a 9 year old than buying a new Porsche at 75 . As long as you do what is with the bounds of possibility at the the time then it seems to me that life feels fine. The main thing for me was not to waste time on things that were impossible to achieve. I once wanted to do architecture and be the next Frank Lloyd Wright, but of course I realized that I might develop the technical skill but I did not have the imagination and originality to be able to produce great buildings, so life would have been as a dull but competent builder of apartment buildings or factories which would have been a disappointing life for me.


Gary C

12,600 posts

181 months

Friday 24th May
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Arse

Our companies pension administrator is being ousted for another so they have gone incommunicado just when I am trying to sort out taking my pension !


Arrrrgh.

irc

7,506 posts

138 months

Friday 24th May
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RDMcG said:
Good pic!...The more remote the better as far as I am concerned. It is very calming.
I love the remote roads. I did that 170 miles over 2 days. No water anywhere between the two towns so started with 14l on my bike. Day 1 when I took that pic had everything. Two hours cool calm
overcast in the morning. A couple of hours with a strong tailwind. Half an hour when a storm passed over me and it was so windy I had to stop riding and shelter in a ditch for 20 minutes.

Had the wind been a headwind and persisted all day I wouldn't have been able to do it in 2 days and would have ran out of water. But it's tarmac roads in the USA. I could have got water off a passing car. In fact traffic was so low and the area so remote a couple of drivers stopped unprompted just to check I had enough water.

I love Americans. One time what I thought was a passing car stopped and offered me water on a hot dry climb in California. We chatted and I acepted a bottle of water from him. I then waved for him to go off first ahead of he. He replied he was going back downhill. He had seen me passing from his house and come out in his car just to offer me a drink.

It was a few hundred feet and a few miles further up this road through the coastal range between the coast and central valley in California.


mikeiow

5,467 posts

132 months

This week has been solid garden gym work on the IOW….our final ‘guests’ are in soon so we needed to sort the garden out. From then on, it is family & friends only: the pesky regulations beat us into submission rolleyes

27 large (360litre) garden bags filled so far, and taken to the pigglies up the road: very satisfying!



Another batch to move tomorrow, then a final push at the bottom of the garden.
Solid second in the pub quiz, some nice meals and even a decent curry this evening - exceeded expectations cool

Then Rob O’Mow Mk2 got eyes deployed today, so he can see where he is going now hehe


Great to watch him working in the midday heat whilst we take a break biggrin

mikeiow

5,467 posts

132 months

Saturday
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Groat said:
IMO there's a lot of overthinking on the thread. Especially about money.

At 70 quite a lot of my peers and associates are pensioners, with an enormous variety of financial circumstances, and to those of you approaching retirement I'd say with 100% experience driven certainty that there is very little or no correlation at all between wealth and enjoyment of life in old age. Indeed the older you become the more evident that becomes.

Even if you retire to no income apart from the state pension (as many do) don't think for one moment that life is going to be miserable. There are frightening amounts of things to do or see or go to that cost nothing or very little. Remember being a kid and waking up on Saturday? No plan. And no (or next to no) money. But loads just happened, didn't it? Well is it even possible that retirement could work that way too, except EVERY day is a Saturday!!!

So worry about old age money if it keeps you happy, or make a big deal about planning if it makes you feel more secure, but it's just as possible to go 'que sera' about it in large measure if you can accept that rich or poor life can still be really good.
I was reminded of this post by Groat yesterday….not seen him here much since.
Might have just gone PH-detox, & hope he is okay, but some very fine words!
Sunshine, gardening & maybe some beers later today…have a smashing day all!

skeeterm5

3,392 posts

190 months

Saturday
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I have said it a few times on this thread, time is more important than money. So don’t overplan or over think it or you will find you have run out of time.

Live for the moment, enjoy the moment and worry about tomorrows troubles when/if they actually materialise.

Prolex-UK

3,108 posts

210 months

Saturday
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skeeterm5 said:
I have said it a few times on this thread, time is more important than money. So don’t overplan or over think it or you will find you have run out of time.

Live for the moment, enjoy the moment and worry about tomorrows troubles when/if they actually materialise.
Thats correct!!!


okgo

38,368 posts

200 months

Saturday
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Isn’t that what most people in the U.K. do and it’s going to end horribly for most of them as they won’t have a pot to piss in.

oneandone

45 posts

1 month

Saturday
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okgo said:
Isn’t that what most people in the U.K. do and it’s going to end horribly for most of them as they won’t have a pot to piss in.
Doesn’t matter how much you have, but having a few cars and a second home on the IOW certainly seems to help. )

alscar

4,318 posts

215 months

Saturday
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skeeterm5 said:
I have said it a few times on this thread, time is more important than money. So don’t overplan or over think it or you will find you have run out of time.

Live for the moment, enjoy the moment and worry about tomorrows troubles when/if they actually materialise.
Time is you are right except surely it’s more about trying to achieve a happy balance ?
Whilst you can overplan things you can also underplan and running out of money will no doubt be far more stressful than hoofing it.
It also depends on your lifestyle.
When I stopped work I had certainly spent sometime working out what we needed going forward but it was
not exactly complicated having always had a budget sheet on xl.

Boringvolvodriver

9,047 posts

45 months

Saturday
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alscar said:
skeeterm5 said:
I have said it a few times on this thread, time is more important than money. So don’t overplan or over think it or you will find you have run out of time.

Live for the moment, enjoy the moment and worry about tomorrows troubles when/if they actually materialise.
Time is you are right except surely it’s more about trying to achieve a happy balance ?
Whilst you can overplan things you can also underplan and running out of money will no doubt be far more stressful than hoofing it.
It also depends on your lifestyle.
When I stopped work I had certainly spent sometime working out what we needed going forward but it was
not exactly complicated having always had a budget sheet on xl.
I think this is the key - the extremes are what you want to avoid - no point having the money and not spending it for fear of running out and likewise you don’t want to do all the things you want to and then having nothing left.

I also have a spread sheet to monitor how much we are spending, how the pension is performing and what we have to fritter away on holidays! If it looks like it might run short in the longer term then we have to cut our cloth accordingly for a short while.

So far 6 years in we are doing ok and slightly ahead of my forecast despite spending a fair bit on enjoying traveling.