Affording to retire on 1.12m aged 80
Affording to retire on 1.12m aged 80
Author
Discussion

jimbo761

Original Poster:

508 posts

113 months

Thursday 18th December 2025
quotequote all

abzmike

12,087 posts

137 months

Thursday 18th December 2025
quotequote all
jimbo761 said:
Life is truly a struggle for that Telegraph reader.

Hustle_

26,638 posts

191 months

Thursday 18th December 2025
quotequote all
Probably on here

ATG

23,832 posts

303 months

Thursday 18th December 2025
quotequote all
Behind a paywall, thank god.

Cats_pyjamas

1,965 posts

179 months

Thursday 18th December 2025
quotequote all
Should just get a job in B and Q.

abzmike

12,087 posts

137 months

Thursday 18th December 2025
quotequote all
Cats_pyjamas said:
Should just get a job in B and Q.
Before the paywall came down he’s still doing a spot of consulting…
I didn’t get far enough to see if he was worried about IHT…
Has to be a festive wind up by the Telegraph.

JoshSm

5,331 posts

68 months

Thursday 18th December 2025
quotequote all
Wouldn't be the first time someone has spun a tale to this bit of the Telegraph just to generate a reaction.

warnie

1,441 posts

230 months

Thursday 18th December 2025
quotequote all
The Telegraph !

The daily sport has significantly more credibility than that rag..


bigpriest

2,543 posts

161 months

Thursday 18th December 2025
quotequote all
Readers Wives for the repressed financial investor

Countdown

49,519 posts

227 months

Thursday 18th December 2025
quotequote all
https://archive.ph/aeg0V

The £1.12m is “just” the SIPP, They appear to have total assets exceeding £3m.

Their relatives might be somewhat disappointed at the size of the IHT bill

InitialDave

15,152 posts

150 months

Thursday 18th December 2025
quotequote all
Frankly, if I have seven figures floating around at age 80, I'll be making significant investments in Cuban cigars and Blantons.


croyde

26,485 posts

261 months

Thursday 18th December 2025
quotequote all
Blimey, my current plan is eek out savings then try to survive on State Pension from age 70.

1.2 million pension pot...... in my dreams.

If I were him at 80 I'd cash it in and have fun.

anonymous-user

85 months

Friday 19th December 2025
quotequote all
croyde said:
If I were him at 80 I'd cash it in and have fun.
Personally I would have retired at 60 and enjoyed myself over the last 20 years. You are a long time dead.

My partners father is the same, he worked until 72 and had millions in pensions and property. He is now 76, doesn't spend a penny if he doesn't have to and drives a 15 year old battered up car.

Seriously what is the point in hoarding it all until you die.

This person is 80, what do they seriously think they need all that money for?

The Gauge

7,624 posts

44 months

Friday 19th December 2025
quotequote all
ThingsBehindTheSun said:
This person is 80, what do they seriously think they need all that money for?
Maybe he's probably planning a fabulous, elaborate and expensive 90th birthday?

Bazil Bush

211 posts

80 months

Friday 19th December 2025
quotequote all
ThingsBehindTheSun said:
Personally I would have retired at 60 and enjoyed myself over the last 20 years. You are a long time dead.

My partners father is the same, he worked until 72 and had millions in pensions and property. He is now 76, doesn't spend a penny if he doesn't have to and drives a 15 year old battered up car.

Seriously what is the point in hoarding it all until you die.

This person is 80, what do they seriously think they need all that money for?
I’d have retired early too.

However people who’ve been frugal their entire life seem to struggle to switch to spend mode hence the keeping up the accumulating drive.

ChocolateFrog

34,954 posts

204 months

Friday 19th December 2025
quotequote all
Hustle_ said:
Probably on here
Let's not get carried away, she's not that rich hehe

Mazinbrum

1,398 posts

209 months

Friday 19th December 2025
quotequote all
ThingsBehindTheSun said:
croyde said:
If I were him at 80 I'd cash it in and have fun.
Personally I would have retired at 60 and enjoyed myself over the last 20 years. You are a long time dead.

My partners father is the same, he worked until 72 and had millions in pensions and property. He is now 76, doesn't spend a penny if he doesn't have to and drives a 15 year old battered up car.

Seriously what is the point in hoarding it all until you die.

This person is 80, what do they seriously think they need all that money for?
Everyone is different, some people enjoy their work. Not me, I retired at 54 and love the freedom.

Edible Roadkill

2,229 posts

208 months

Friday 19th December 2025
quotequote all
Not enough money at 80 vs not enough time. Some people really got their priorities wrong !

butchstewie

68,208 posts

241 months

Friday 19th December 2025
quotequote all
I got a Telegraph sub for £25 because they do have some decent articles but also some batst ones.

I don't know if they run pieces like that to wind people up or if those are genuine "struggles" their readership think they face.

I often read letters/questions in the Money section where you just think "you've won enjoy your life".

okgo

42,299 posts

229 months

Friday 19th December 2025
quotequote all
One man s winning is another man s surviving. Nothing new there.

I think they clearly have not been able to switch into ‘retirement’ mode but that’s just how some people are. My dad still runs a business at 80.