[Misc] Retirement

[timbha]

Well they go up and down with the markets, but I have never touched them and don’t really look at them on a daily basis!

I was thinking more of your Sungard pension fund and hope they haven’t done a Maxwell.

 

[Dave the OAP]

I was thinking more of your Sungard pension fund and hope they haven’t done a Maxwell.

Luckily no! We had a company SIPP so that is protected fortunately.

 

[Tim Over Whelmed]

That’s all sensible advice. The merits of taking the 25% will depend on your circumstances, though generally probably better to take it ( and reinvest it) - it’s tax free whereas if you take an income instead it may be taxable.

Kind of agree but I've maxed on ISAs and think that the pensions will fare well post this current downturn, as I don't intend drawing from pension until 2025-26.

 

[Tim Over Whelmed]

I was made redundant after 22 years on the 30th and have decided to take earlyish retirement ( I am 64 this October)

The company is liquidated Sungard UK so I am claiming redundancy via the govt as well as 12 weeks notice and holiday pay!

I have a couple of decent pots which I will take the tax free and draw down when needed. I have a appointment wit pensionwise next week to see how best to do this.

Don’t really need a pension advisor but more a financial planner to set budgets etc.

Please be careful of these "advice" people, they seldom have the full picture, IMHO, a good IFA is worth their weight in gold!

 

[Tim Over Whelmed]

Retirement Update: Well, I'd resisted joining a gym as we have a Peloton at home and a few other exercise bits and pieces. However, recently joined one and what a different experience when you're retired, pick and choose when you go, treat it more as a social, i.e. have a swim and some exercise but them grab a cuppa after and have a chat. *Oh, and a bonus free hot shower!

 

[Tom Hark Preston Park]

Retirement Update: Well, I'd resisted joining a gym as we have a Peloton at home and a few other exercise bits and pieces. However, recently joined one and what a different experience when you're retired, pick and choose when you go, treat it more as a social, i.e. have a swim and some exercise but them grab a cuppa after and have a chat. *Oh, and a bonus free hot shower!

Good on you Tim!

Need to ditch the Peloton tho eh? Before they go bust. Lockdown is over. Hopefully forever. Peleton is DEAD. Just buy a real bike and go out and cycle around the place in the fresh air. Maybe even to the Amex?

 

[albion534]

good work on joining a gym. They’re great places to go and if you pick the right 1. A great social place

 

[A mex eyecan]

i’m thinking of joining one, ideally with a pool. Any recommendations around the Burgess Hill area of good one/s

 

[southstandandy]

I was lucky enough to retire at 48 with a really good redundancy package.

Best thing to do is find or explore other interests you may have put off before. Myself and the wife have been involved in a lot of volunteering work over the last 10 or 12 years which makes us enjoy and value our spare time even more. There are loads of support roles you can get involved with, anything from beach cleaning, to volunteering in local hospitals to help assist people finding their way around, to reading schemes in local schools which we have been doing a lot lately.

Other than the obvious one of helping and spending time with the grandkids, I spend some time with investment programmes to generate some extra cash, but the volunteering work is the most rewarding thing their is. Loads of charities desperate for help if you have some spare time. Good luck in what you choose to do.

 

[banjo]

Handed in my notice a week ago. Planning on getting a little job 2 days a week next year.
Had enough of years of shift work. Gives me more time to ride and wind down slowly to proper retirement.
Mrs B left the NHS earlier this year as it was becoming more and more stressful.

 

[dazzer6666]

i’m thinking of joining one, ideally with a pool. Any recommendations around the Burgess Hill area of good one/s

If you want a good gym, pool, spa, classes and plenty of social stuff then Wickwoods at Albourne is probably worth a look.
I don’t swim and I’m not interested in any food and drink so find PureGym is perfect, great value too at only £27/month and open 24/7. Membership at the Triangle falls somewhere between the two - I moved to Puregym as was only using the gym and not all the other stuff, so wasn’t good value for me.

 

[sparkie]

12 years 6 months until statuary retirement age.

6 months until pension drawdown day. Can't wait to be able to sure up my creaking finances for good. I'd be happy with a decent redundancy payment after that glorious day.

 

[Live by the sea]

i’m thinking of joining one, ideally with a pool. Any recommendations around the Burgess Hill area of good one/s

South lodge has a superb gym & full pool / spa facilities .

 

[Paulie Gualtieri]

Jus the c9,000 days to my 65th.

I am beginning to resonate with Michael Douglas in falling down already!

 

[A mex eyecan]

South lodge has a superb gym & full pool / spa facilities .

sounds nice, but fear it’s above my budget

 

[Tim Over Whelmed]

Good on you Tim!

Need to ditch the Peloton tho eh? Before they go bust. Lockdown is over. Hopefully forever. Peleton is DEAD. Just buy a real bike and go out and cycle around the place in the fresh air. Maybe even to the Amex?

I agree, on the cycling outside, and am looking at this, but from Arundel to The Amex, after a 1-2 defeat .. I'm not feeling it

 

[Tim Over Whelmed]

I was lucky enough to retire at 48 with a really good redundancy package.

Best thing to do is find or explore other interests you may have put off before. Myself and the wife have been involved in a lot of volunteering work over the last 10 or 12 years which makes us enjoy and value our spare time even more. There are loads of support roles you can get involved with, anything from beach cleaning, to volunteering in local hospitals to help assist people finding their way around, to reading schemes in local schools which we have been doing a lot lately.

Other than the obvious one of helping and spending time with the grandkids, I spend some time with investment programmes to generate some extra cash, but the volunteering work is the most rewarding thing their is. Loads of charities desperate for help if you have some spare time. Good luck in what you choose to do.

Yes, I know what you mean, I've been a Patron of Chestnut Tree House, Children's Hospice for many years and am expanding on that as well as helping out at Arundel FC and around the town

 

[portslade seagull]

Well 1yr into retirement and due to walking the dogs everyday just under 2st lighter ( probably helps not having doughnuts and cakes/sweets brought into the office to celebrate birthdays etc)
Had an external room built for me to finally build my train layout. Baseboard built but never seem to find the time to push on. Seem to be busier than ever with the family and grandchildren

 

[mikeyjh]

Please be careful of these "advice" people, they seldom have the full picture, IMHO, a good IFA is worth their weight in gold!

I've alluded to this elsewhere but that's a very important point to make!

I retired a little early, 3 and a bit years ago at 47 - Am definitely filling my time with projects at home and volunteering work but one thing I struggle with is the lack of structure. I take ages to respond to emails and stuff and being a volunteer in a conservation charity, my 'bosses', don't set timelines etc so I can be a bit carefree... On the plus side am helping very non teccy people with teccy stuff so they give me toys to play with which is awesome.

 

[Dave the OAP]

Took retirement as said above.

weeks go quick…..play golf Tuesday and Friday morning and the mrs does the gym 3 times a week and takes family members to see her mum in the home.

we make sure we go out for a walk every day ( and NT visit most weeks)

more time to build my ships and my latest Lego creation ( I am regressing in age lol)