Enjoying Retirement
Discussion
I've just been having my old MG part painted and the painter can't quite get the bonnet shade right to match the rest. Normally I'd have lived with it but my wife's close friends husband (similar age to me) had a stroke this morning, currently in hospital undergoing treatment.
I thought WTF and told the painter to do the whole car! Yes it's more money than I intended paying but it's no good just being sat in the bank if fate comes along dealing you a bad hand.
I thought WTF and told the painter to do the whole car! Yes it's more money than I intended paying but it's no good just being sat in the bank if fate comes along dealing you a bad hand.
j4r4lly said:
I'm really keen to retire and have loads of things I want to do, most of which are not going to cost lots of money. She however, is genuinely in a quandary as to what she's going to do in retirement (she's 7 years younger than me so may work a little longer after I retire) and worries that she will be bored.
We've discussed part time work, charity work, taking up sports and hobbies (some of which we'd obviously do together) but she just can't see something at the moment that makes her want to retire and start a new part of our life, other than the desire not to work full time anymore.
If she enjoys her work, why retire?We've discussed part time work, charity work, taking up sports and hobbies (some of which we'd obviously do together) but she just can't see something at the moment that makes her want to retire and start a new part of our life, other than the desire not to work full time anymore.
If it's about mirroring your lifestyle and not being part of the 9-5 office grind, can she parlay her expertise and contacts into a self-employed/consultant type of role?
Worth keeping your financial plans up to date for what is likely to be a sustained period of inflation. I do think we are heading straight into stagflation.
I still work a fair bit at 73 because I enjoy it, but younger spouse could be around a fair time after my popping my clogs so I take a fairly long view.
where I live in Canada for instance the insane increase in house prices cashed to a halt in line with interest rate increases and those with mortgages will see a great increase in future expenses.
I still work a fair bit at 73 because I enjoy it, but younger spouse could be around a fair time after my popping my clogs so I take a fairly long view.
where I live in Canada for instance the insane increase in house prices cashed to a halt in line with interest rate increases and those with mortgages will see a great increase in future expenses.
TwigtheWonderkid said:
Anyone living in the London area got plans to explore Crossrail, which opened today? Think I might do it on Thursday, go from Paddington to canary Wharf, check out all the new stations.
It's great, this retirement lark.
Currently too busy cycling….day 4 of our 7 day adventure, & today was brutal! 1,700m climbing, 65miles and a snapped chain midday….but beats working for a living, & raising a few pennies for a local rescue charity for a warm fuzzy feeling!!It's great, this retirement lark.
TwigtheWonderkid said:
Anyone living in the London area got plans to explore Crossrail, which opened today? Think I might do it on Thursday, go from Paddington to canary Wharf, check out all the new stations.
It's great, this retirement lark.
Do it quickly - RMT voted for a full on strike this evening. The joy of unionism. It's great, this retirement lark.
Sat in the sunshine visiting friends at their villa in Spain. We’re just on a short break, but I suddenly had the thought: At least I don’t have to back to work next week. 
Reading another thread, I’ve decided that I must have retired from ‘work’ because the jobs I plan to do are what I consider enjoyable, so occasionally I might go to ‘fun’ rather than ‘work’.
Reading another thread, I’ve decided that I must have retired from ‘work’ because the jobs I plan to do are what I consider enjoyable, so occasionally I might go to ‘fun’ rather than ‘work’.
TwigtheWonderkid said:
Anyone living in the London area got plans to explore Crossrail, which opened today? Think I might do it on Thursday, go from Paddington to canary Wharf, check out all the new stations.
It's great, this retirement lark.
Well worth it. I had a few rides yesterday and there was a bit of an Olympics happy vibe to the whole thing.It's great, this retirement lark.
Interesting to hear about the Canadian property market, I'm hoping that ours will cool too. I want to move to a better house, but the more prices go up here the more I'll have to fund from my pension pot.
TwigtheWonderkid said:
Anyone living in the London area got plans to explore Crossrail, which opened today? Think I might do it on Thursday, go from Paddington to canary Wharf, check out all the new stations.
It's great, this retirement lark.
If this is the new Elizebeth line you're referring to, my daughter's given it the thumbs up as it means she can reach certain parts of London a lot faster and easier now.It's great, this retirement lark.
200Plus Club said:
Sobering thoughts today as a chap who used to work for us died suddenly at 64 within the first year of his retirement. Sat in the sunshine outside his retirement caravan holiday home.
Sorry to hear this but you’re so right , very sobering. I’m sat in the Gran Meliá hotel in Tenerife right now on holiday with the family .
Lovely hotel .
Just gotta work out how I afford it once retired !
It is very sobering to see friends and colleagues pass away. This has happened to me a lot recently.
Im in Spain currently and after a lot of man maths and with a bit of hard work over the next 3 years we can buy a nice 3 bedroom villa here , keep our uk properties and retire with an income of £50,000.
Not totally without risk as we would holiday let our UK properties but surely a lot nicer way to spend my time from 53 years old.
I would keep an eye on another investment in the uk as well.
Not total retirement but based on a total financial worth of £1.2 million it’s a lot less than people seem to think is the minimum.
One of the UK holiday let’s would have an attached apartment for us to use.
Im in Spain currently and after a lot of man maths and with a bit of hard work over the next 3 years we can buy a nice 3 bedroom villa here , keep our uk properties and retire with an income of £50,000.
Not totally without risk as we would holiday let our UK properties but surely a lot nicer way to spend my time from 53 years old.
I would keep an eye on another investment in the uk as well.
Not total retirement but based on a total financial worth of £1.2 million it’s a lot less than people seem to think is the minimum.
One of the UK holiday let’s would have an attached apartment for us to use.
lrdisco said:
It is very sobering to see friends and colleagues pass away. This has happened to me a lot recently.
Im in Spain currently and after a lot of man maths and with a bit of hard work over the next 3 years we can buy a nice 3 bedroom villa here , keep our uk properties and retire with an income of 50,000.
Not totally without risk as we would holiday let our UK properties but surely a lot nicer way to spend my time from 53 years old.
I would keep an eye on another investment in the uk as well.
Not total retirement but based on a total financial worth of 1.2 million it’s a lot less than people seem to think is the minimum.
One of the UK holiday let’s would have an attached apartment for us to use.
4k a month with no debts is a good number as a start and maybe you can add on with some part time work ? Im in Spain currently and after a lot of man maths and with a bit of hard work over the next 3 years we can buy a nice 3 bedroom villa here , keep our uk properties and retire with an income of 50,000.
Not totally without risk as we would holiday let our UK properties but surely a lot nicer way to spend my time from 53 years old.
I would keep an eye on another investment in the uk as well.
Not total retirement but based on a total financial worth of 1.2 million it’s a lot less than people seem to think is the minimum.
One of the UK holiday let’s would have an attached apartment for us to use.
Of the ‘net worth of 1.2mln’ how much of that is liquid IE not tied up in assets ?
Edited by GT3Manthey on Wednesday 25th May 20:11
GT3Manthey said:
lrdisco said:
It is very sobering to see friends and colleagues pass away. This has happened to me a lot recently.
Im in Spain currently and after a lot of man maths and with a bit of hard work over the next 3 years we can buy a nice 3 bedroom villa here , keep our uk properties and retire with an income of 50,000.
Not totally without risk as we would holiday let our UK properties but surely a lot nicer way to spend my time from 53 years old.
I would keep an eye on another investment in the uk as well.
Not total retirement but based on a total financial worth of 1.2 million it’s a lot less than people seem to think is the minimum.
One of the UK holiday let’s would have an attached apartment for us to use.
4k a month with no debts is a good number as a start and maybe you can add on with some part time work ? Im in Spain currently and after a lot of man maths and with a bit of hard work over the next 3 years we can buy a nice 3 bedroom villa here , keep our uk properties and retire with an income of 50,000.
Not totally without risk as we would holiday let our UK properties but surely a lot nicer way to spend my time from 53 years old.
I would keep an eye on another investment in the uk as well.
Not total retirement but based on a total financial worth of 1.2 million it’s a lot less than people seem to think is the minimum.
One of the UK holiday let’s would have an attached apartment for us to use.
Of the ‘net worth of 1.2mln’ how much of that is liquid IE not tied up in assets ?
Edited by GT3Manthey on Wednesday 25th May 20:11
lrdisco said:
It is very sobering to see friends and colleagues pass away. This has happened to me a lot recently.
Im in Spain currently and after a lot of man maths and with a bit of hard work over the next 3 years we can buy a nice 3 bedroom villa here , keep our uk properties and retire with an income of 50,000.
Not totally without risk as we would holiday let our UK properties but surely a lot nicer way to spend my time from 53 years old.
I would keep an eye on another investment in the uk as well.
Not total retirement but based on a total financial worth of 1.2 million it’s a lot less than people seem to think is the minimum.
One of the UK holiday let’s would have an attached apartment for us to use.
I don’t think many people think a net worth of 1.2 million isn’t adequate to retire on! Im in Spain currently and after a lot of man maths and with a bit of hard work over the next 3 years we can buy a nice 3 bedroom villa here , keep our uk properties and retire with an income of 50,000.
Not totally without risk as we would holiday let our UK properties but surely a lot nicer way to spend my time from 53 years old.
I would keep an eye on another investment in the uk as well.
Not total retirement but based on a total financial worth of 1.2 million it’s a lot less than people seem to think is the minimum.
One of the UK holiday let’s would have an attached apartment for us to use.
Even if it’s not totally liquid today, with later downsizing pretty much anyone could make that work.
dmahon said:
lrdisco said:
It is very sobering to see friends and colleagues pass away. This has happened to me a lot recently.
Im in Spain currently and after a lot of man maths and with a bit of hard work over the next 3 years we can buy a nice 3 bedroom villa here , keep our uk properties and retire with an income of 50,000.
Not totally without risk as we would holiday let our UK properties but surely a lot nicer way to spend my time from 53 years old.
I would keep an eye on another investment in the uk as well.
Not total retirement but based on a total financial worth of 1.2 million it’s a lot less than people seem to think is the minimum.
One of the UK holiday let’s would have an attached apartment for us to use.
I don’t think many people think a net worth of 1.2 million isn’t adequate to retire on! Im in Spain currently and after a lot of man maths and with a bit of hard work over the next 3 years we can buy a nice 3 bedroom villa here , keep our uk properties and retire with an income of 50,000.
Not totally without risk as we would holiday let our UK properties but surely a lot nicer way to spend my time from 53 years old.
I would keep an eye on another investment in the uk as well.
Not total retirement but based on a total financial worth of 1.2 million it’s a lot less than people seem to think is the minimum.
One of the UK holiday let’s would have an attached apartment for us to use.
Even if it’s not totally liquid today, with later downsizing pretty much anyone could make that work.
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