Do you have a master plan or are you just stumbling through life and see what happens ?
Appreciate a lot can go wrong to spoil our plans (this year has proved that) but what is your achievable dream ?
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I shall probably die whilst carrying a bowl of soup or something else equally as messy to someone demanding.
Instead of helping, I imagine them trying to scoop it up off the carpet then moaning there's a hair in it.
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But a boat and sail the seven seas like captain jack sparrow...
Reality- the thought of being a poor OAP scares the hell out of me! Plan is to buy a home so don’t have to pay rent in retirement... but that’s looking like a pipe dream! |
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"But a boat and sail the seven seas like captain jack sparrow...
Reality- the thought of being a poor OAP scares the hell out of me! Plan is to buy a home so don’t have to pay rent in retirement... but that’s looking like a pipe dream! "
Let's make an Ark and sail the seven seas and invite like minded swingers onboard from every country we stop at |
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I've started to prepare myself for early retirement back in 2014 OP.
What I'm worried of is the expenditure related to un-expected things especially health.
However if everything goes to plan, I hope to retire early in 2022. |
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"I've started to prepare myself for early retirement back in 2014 OP.
What I'm worried of is the expenditure related to un-expected things especially health.
However if everything goes to plan, I hope to retire early in 2022."
Well done you  |
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We didn't have a master plan. We used to visit Hastings regularly and always said we would retire here. Circumstances at the time made retirement seem an impossibility. Things got much worse and we both lost our jobs, selling our house was our only viable option. So we did, bought a doer upper here, retired at 57 and drew our ridiculously small private pensions. I continued to work off and on for a couple of years but now we spend our days happily still doing stuff to the house, not worrying about Monday morning and pre covid doing more or less what we like.
Things couldn't have worked out better really, we don't have a lot of money but we have time which is worth so much more. We still play the lottery though  .
Get a personal pension plan kids, pay as much in to it as you can afford. |
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I retired at 40 investing in property.... Travelled the world for 2 years.... Felt unfulfilled and went back to work at 43... I'll finish at 60.... And won't be going back the the proverbial hamster wheel again |
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"We didn't have a master plan. We used to visit Hastings regularly and always said we would retire here. Circumstances at the time made retirement seem an impossibility. Things got much worse and we both lost our jobs, selling our house was our only viable option. So we did, bought a doer upper here, retired at 57 and drew our ridiculously small private pensions. I continued to work off and on for a couple of years but now we spend our days happily still doing stuff to the house, not worrying about Monday morning and pre covid doing more or less what we like.
Things couldn't have worked out better really, we don't have a lot of money but we have time which is worth so much more. We still play the lottery though .
Get a personal pension plan kids, pay as much in to it as you can afford. "
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By *onty1971Man
over a year ago
London St Helier Trier |
Have a plan but one in discipline moment and an unexpected event through my timeline. Lessons learned and more disciplined now. However I really enjoy being self employed and his has given me time now as well fun from my work so that I will continue work of I can past official retirement age. |
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"I can't afford to retire,I have just reached official retirement age but won't be stopping. My advice to younger people is make sure you got a good pension plan  "
your so right i have been forced to retire far sooner then i planed through sudden health reasons savings nowhere what i need week to week for a long period claiming universal credit now will find out next week what more i can claim for never thought i would need to claim for anything but been paying in all my working life left school at 15 64 now so taking what i can get |
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By *onty1971Man
over a year ago
London St Helier Trier |
FIRE is a great movement and good with examples.
The crisis has shown we can work from home and this need not now be in expensive cities but anywhere. Somewhere cheaper even. Sometimes travel to work which can now have a small office and rent extra office space for all hands on deck work.
Regular travel to work can also go. There will be lots of change coming.
Sorry to say but Zombie firms will die off and create more unemployment as well as new opportunities from the rubble of human unhappiness caused by that and COVID-19. |
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Definitely, plan ahead as much as possible, save save save if you can, when you can.............we did, but life has a habit of kicking you in the nuts when you least need it to........ but we've sorted ourselves out and we're happier than ever.....if less well off than we hoped.
Just need Covid to leave us alone... |
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Been paying into a private pension since my early 20’s, paid in as much as I could all the time never took any payment holidays. Every year I look at the pension summary they send me and when I get to the bit that says ‘this will give you a projected fund of ****** I think, how the fuck can I live off that!
That’s with a good provider who regularly wins industry awards for it’s fund performances.
Low interest rates may be good for mortgages and business investment but it’s shit for people trying to save. |
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"Been paying into a private pension since my early 20’s, paid in as much as I could all the time never took any payment holidays. Every year I look at the pension summary they send me and when I get to the bit that says ‘this will give you a projected fund of ****** I think, how the fuck can I live off that!
That’s with a good provider who regularly wins industry awards for it’s fund performances.
Low interest rates may be good for mortgages and business investment but it’s shit for people trying to save. "
Yep. Might as well keep your money under the mattress at the moment |
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I got lucky early in my career hence retired last year, it was more luck than judgement mind you.
I have enough for a comfortable life and I hope some fun money left over. The fun money is my headroom however so might need it to live on. If not I'm hoping to get away somewhere warm for a couple of months every winter, we will see |
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By *arkus1812Man
over a year ago
Lifes departure lounge NN9 Northamptonshire East not West MidlandsMidlands |
I am now 15 years into retirement, one piece of advice I would offer is to take out a Private Medical plan as the NHS will only get worse because so many of us are living to a much greater age and demand for medical services will go through the roof.
I have been waiting over 2 years for replacement knee joints whilst my brother in law has a plan with BUPA and got his knee replacements within 6 weeks of his first consultation. |
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By (user no longer on site)
over a year ago
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I was able to retire from my first career 18 months ago. Now on career two and paying into a new pension as well as drawing my first. I will keep working for at least four more years. |
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"I was able to retire from my first career 18 months ago. Now on career two and paying into a new pension as well as drawing my first. I will keep working for at least four more years. "
You will still be young for a retiree, so well done and enjoy |
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By (user no longer on site)
over a year ago
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See more men when possible.
But can't travel due to covid19 restrictions.
Can't buy abroad due to brexit.
But happy to be working part time as a casual employee...so much better.
Never knew how boring retirement actually is after wanting it so badly.
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By *htcMan
over a year ago
MK |
Plan is save until before where possible, sell house before.use money until get old. When old and unable to do anything off a cliff I go.as don't want to sit in some old people's place or sat around unable to do anything. |
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By (user no longer on site)
over a year ago
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I wish I could retire early but I've never paid into a pension and I'm already finding my work very hard, I don't think I will be able to keep doing it when I'm much older.. so I don't know how I'm going to cope money wise in the future.
Lucky I should be mortgage free in around 2 or 3 years though, but as time goes on I don't know where the next pound is going to come from and once that's paid I will have very little savings.
So I guess I will just have to keep playing the lottery and hoping for the best
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"Our retirement plan is simple. A campervan, a naturist beach, good books, socialise, gardening, no debt, live within our means, lots of wine and lots of good quality sex. "
Sounds perfect, hope that it all works out |
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By *asseurMan
over a year ago
Shrewsbury England not Wales |
Reaping the benefit of our retirement planning, which we started years and years ago, we're mortgage free, I've been retired for 2 years, have private and state pension, wife retires next year whoo hoo. Its never too early to start planning !!! |
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"No I have a plan that is going well so far its been a struggle at times but if all goes to plan I can retire by 55. "
When I was 30 I had plans to retire or a least just work as much as I wanted too by 55.
Can’t see it happening now. |
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By (user no longer on site)
over a year ago
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"No I have a plan that is going well so far its been a struggle at times but if all goes to plan I can retire by 55.
When I was 30 I had plans to retire or a least just work as much as I wanted too by 55.
Can’t see it happening now. "
What went wrong |
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By (user no longer on site)
over a year ago
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When I was 19 and full of myself a 50 year old man asked me what I'd be doing when I'm his age and I told him that I would be retired then.
I had no plan whatsoever, just thought I would of earned lots of money. Damn that's 21 years ago now and I still feel as if I'm in the same boat. |
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"No I have a plan that is going well so far its been a struggle at times but if all goes to plan I can retire by 55.
When I was 30 I had plans to retire or a least just work as much as I wanted too by 55.
Can’t see it happening now.
What went wrong "
No one thing in particular, maybe I was just unrealistic in how much I would have to have put by to live on with no wage coming in.
Don’t get me wrong, I’m not on my uppers and have cleared my mortgage but there’s no point in retiring early then struggling. |
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By (user no longer on site)
over a year ago
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"No I have a plan that is going well so far its been a struggle at times but if all goes to plan I can retire by 55.
When I was 30 I had plans to retire or a least just work as much as I wanted too by 55.
Can’t see it happening now.
What went wrong
No one thing in particular, maybe I was just unrealistic in how much I would have to have put by to live on with no wage coming in.
Don’t get me wrong, I’m not on my uppers and have cleared my mortgage but there’s no point in retiring early then struggling. "
True that is the thing |
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By (user no longer on site)
over a year ago
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"We live in Oxford where a ordinary family home would be around £700k up!! Retirement is cancelled "
Wow and to think there's an end terrace house just up the road from me for sale for 90 grand. What a difference! |
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By (user no longer on site)
over a year ago
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"We live in Oxford where a ordinary family home would be around £700k up!! Retirement is cancelled
Wow and to think there's an end terrace house just up the road from me for sale for 90 grand. What a difference! "
Blimey I’m retiring to Swansea! |
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By (user no longer on site)
over a year ago
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"We live in Oxford where a ordinary family home would be around £700k up!! Retirement is cancelled
Wow and to think there's an end terrace house just up the road from me for sale for 90 grand. What a difference!
Blimey I’m retiring to Swansea!"
Haha come along |
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I will be retiring aged 48.5 with a pension easily enough to maintain our current standard of living. I’ll add some properties to my portfolio and manage those as a bit of a time filler. Once I’ve reached another milestone I’ll start moving/liquidating my assets to my children so that I’m flat ass broke when the government come calling. I’ve sacrificed a few things financially to be in this position and life is too short to work into your 60s and 70s so I unashamed will be enjoying the position I’ve created for myself |
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