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[Misc] Retirement



Sirnormangall

Well-known member
Sep 21, 2017
3,184
I am interested in your "there is only so much BS you can take", can you expand on that please?
Without wishing to reply for Lyndhurst 14, I found that larger companies in particular are increasingly full of corporate bull, fostered by a climate of insecurity, blame culture and bullying. The long-standing Bell Cheeses at work thread on NSC is full of wonderful examples. With me it got to the point where I realised that I could fortunately afford to walk away from it. Best thing I ever did.
 




dazzer6666

Well-known member
NSC Patron
Mar 27, 2013
55,593
Burgess Hill
Without wishing to reply for Lyndhurst 14, I found that larger companies in particular are increasingly full of corporate bull, fostered by a climate of insecurity, blame culture and bullying. The long-standing Bell Cheeses at work thread on NSC is full of wonderful examples. With me it got to the point where I realised that I could fortunately afford to walk away from it. Best thing I ever did.
100%, absolutely this. Absolutely ZERO regrets at telling them to go fvck themselves, take the redundancy payment and go fishing (after carefully calculating that I could just about afford to get through the years until my state pension kicks in without becoming destitute)
 


Harry Wilson's tackle

Harry Wilson's Tackle
NSC Patron
Oct 8, 2003
56,189
Faversham
I've been pondering things and....I think I earn far too much for far too little demand in terms of my time and the accretion of my psychic infrastructure to seriously think about packing it in, even though the pension is fully loaded (the lack of minuses) and...

I'm trying to develop a drug and am part of the patent owner team, and progression is helped by my having a university appointment, and I still enjoy some of my time in London (the plusses) so....

f*** it, I'll stay employed for a a bit longer. Why not? :shrug:
 


AlbionBro

Well-known member
Jun 6, 2020
1,400
Without wishing to reply for Lyndhurst 14, I found that larger companies in particular are increasingly full of corporate bull, fostered by a climate of insecurity, blame culture and bullying. The long-standing Bell Cheeses at work thread on NSC is full of wonderful examples. With me it got to the point where I realised that I could fortunately afford to walk away from it. Best thing I ever did.
Interesting, I have heard this before it appears they don't recruit their managers well at all and no one cares, someone needs to be looking over these small minded people far closer than they do.
 






dazzer6666

Well-known member
NSC Patron
Mar 27, 2013
55,593
Burgess Hill
I've been pondering things and....I think I earn far too much for far too little demand in terms of my time and the accretion of my psychic infrastructure to seriously think about packing it in, even though the pension is fully loaded (the lack of minuses) and...

I'm trying to develop a drug and am part of the patent owner team, and progression is helped by my having a university appointment, and I still enjoy some of my time in London (the plusses) so....

f*** it, I'll stay employed for a a bit longer. Why not? :shrug:
Well……I was on a decent wedge when I stopped, with a job I could do standing on my head….the very easy (and available) option was to keep taking the salary. I could have stayed on, no problem at all. But…….whilst me or the football widow could buy more shit we don’t need, we can’t buy time, because that runs out, increasingly rapidly. So I decided time, and doing stuff with that time, was more important than accumulating ££££. Being the richest man in the graveyard has no appeal. Not regretted it for a single minute.
 


Sirnormangall

Well-known member
Sep 21, 2017
3,184
100%, absolutely this. Absolutely ZERO regrets at telling them to go fvck themselves, take the redundancy payment and go fishing (after carefully calculating that I could just about afford to get through the years until my state pension kicks in without becoming destitute)
It’s even better when they ask you to come back on a consultancy basis because they belatedly realised that they shouldn’t have agreed to pay you off so soon - because that gives you a second opportunity to tell them to do one!
 


dazzer6666

Well-known member
NSC Patron
Mar 27, 2013
55,593
Burgess Hill
It’s even better when they ask you to come back on a consultancy basis because they belatedly realised that they shouldn’t have agreed to pay you off so soon - because that gives you a second opportunity to tell them to do one!
Yep……I was asked to ’help out’ for a few months after I decided to take the silver bullet.

’nah’ 🖕
 




Sirnormangall

Well-known member
Sep 21, 2017
3,184
I've been pondering things and....I think I earn far too much for far too little demand in terms of my time and the accretion of my psychic infrastructure to seriously think about packing it in, even though the pension is fully loaded (the lack of minuses) and...

I'm trying to develop a drug and am part of the patent owner team, and progression is helped by my having a university appointment, and I still enjoy some of my time in London (the plusses) so....

f*** it, I'll stay employed for a a bit longer. Why not? :shrug:
Absolutely- if you still enjoy it, carry on. My intention was to fully retire, but I started to do a bit of consultancy and NED work when I got bored in lock down and really enjoyed it. I probably work 3 or 4 days a month - on my terms - which gives loads of time to do other stuff, including Costa del Stoke on Tuesday.
 


dazzer6666

Well-known member
NSC Patron
Mar 27, 2013
55,593
Burgess Hill
Absolutely- if you still enjoy it, carry on. My intention was to fully retire, but I started to do a bit of consultancy and NED work when I got bored in lock down and really enjoyed it. I probably work 3 or 4 days a month - on my terms - which gives loads of time to do other stuff, including Costa del Stoke on Tuesday.
I enjoy the stuff I do not working a bloody sight more than the stuff I did when I was working…………even though I did enjoy my job.
 


Sirnormangall

Well-known member
Sep 21, 2017
3,184
Interesting, I have heard this before it appears they don't recruit their managers well at all and no one cares, someone needs to be looking over these small minded people far closer than they do.
You’re right but that’s not always easy to do if the main culprit is the CEO who is “overseen” by timid NEDs. A dominant and aggressive CEO sets the tone from the top that can drive a poisonous fear culture that permeates the entire firm.

I’ve seen new CEOs in their first CEO role. Insecure, control-freak bullies, desperate to prove themselves - so they start by trashing and discrediting the previous regime ( inc the current workforce) and then embarking on the usual “drains up strategic review” ( yawn). A few enormous bonus payments later as a reward for jam tomorrow, the board realise they’ve thrown the baby out with the bath water. And no, I’m not going to name names!
 






HalfaSeatOn

Well-known member
Mar 17, 2014
2,094
North West Sussex
Just catching up with Martin Lewis’s programme on pensions. Headache stuff. Big section on NI voluntary contributions deadline. My wife paid a NI partial year in 2013/14 and was wondering whether to make a NI voluntary contribution to make it a full year. I’ve come to the conclusion that as she was contracted out (COPE) there is no gain. Any dissenting view most welcome.
 


dazzer6666

Well-known member
NSC Patron
Mar 27, 2013
55,593
Burgess Hill
Just catching up with Martin Lewis’s programme on pensions. Headache stuff. Big section on NI voluntary contributions deadline. My wife paid a NI partial year in 2013/14 and was wondering whether to make a NI voluntary contribution to make it a full year. I’ve come to the conclusion that as she was contracted out (COPE) there is no gain. Any dissenting view most welcome.
Very easy to check contributions and missing years, plus projected pension, on the government website and then work out whether buying missing years/part years is worthwhile

 




zefarelly

Well-known member
NSC Patron
Jul 7, 2003
22,789
Sussex, by the sea
Just had initial report from our financial advisor this week, looks like we go at 58, can truly say we are both excited as I thought we’d go at 62 but we have enough to fill the gap until db and state kicks in. So now planning what to do and where to live.
Serious question . . . Why does where to live come into it?

obvious answers I guess are you don't like where you are, or you could go somewhere cheaper?

I'm some years off, but plan is and always was, ( nearly 20 years now) we're where we like and thats it . . .for everywhere else, there's travel/holidays
 


HalfaSeatOn

Well-known member
Mar 17, 2014
2,094
North West Sussex
Retirement planning, particularly how much you need to live on fascinates me. In my mind it’s trying to maintain at least some semblance of our non retirement lifestyle which is far from profligate but won’t be easy to achieve.
 


Live by the sea

Well-known member
Oct 21, 2016
4,718
Serious question . . . Why does where to live come into it?

obvious answers I guess are you don't like where you are, or you could go somewhere cheaper?

I'm some years off, but plan is and always was, ( nearly 20 years now) we're where we like and thats it . . .for everywhere else, there's travel/holidays
I guess if you are selling a house in a desirable part of Brighton and Hove and moving to a less expensive area even within the south east you could be at least 100,000 better off possibly several hundred thousand- so forget all your financial planning , just do that ! It’s a joke but it will suit some people .
 


A mex eyecan

Well-known member
Nov 3, 2011
3,885
Retirement planning, particularly how much you need to live on fascinates me. In my mind it’s trying to maintain at least some semblance of our non retirement lifestyle which is far from profligate but won’t be easy to achieve.
so would you consider keeping or getting rid of the butler?;)
 




Jim in the West

Well-known member
NSC Patron
Sep 13, 2003
4,956
Way out West
Well……I was on a decent wedge when I stopped, with a job I could do standing on my head….the very easy (and available) option was to keep taking the salary. I could have stayed on, no problem at all. But…….whilst me or the football widow could buy more shit we don’t need, we can’t buy time, because that runs out, increasingly rapidly. So I decided time, and doing stuff with that time, was more important than accumulating ££££. Being the richest man in the graveyard has no appeal. Not regretted it for a single minute.
Four years ago I was 56, and in the fortunate position of having a DB pension. One of the little perks of the pension was that, at 60, the pension would be augmented by 5 years. Hence, by working for 4 more years (to age 60) I would actually earn 9 years worth of pension. On the face of it, very attractive. But I’d had enough of 60 hour+ weeks and the aggro of a reasonably senior role. So I left - and don’t regret one moment. The last four years I’ve done loads of stuff I could never have dreamt of if I’d stayed. Of course, we’ve got less money and my pension is worth a third less than it would have been. But as you say….you can’t buy time.
 




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