Being retired; painful

Awesome - passed it when cycling and the sound was amazing - couldn’t find it again because I tend to meander when on a bike ride so didn’t know where I’d been!
 
stranded said:
Awesome - passed it when cycling and the sound was amazing - couldn’t find it again because I tend to meander when on a bike ride so didn’t know where I’d been!
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Cycling round there is fantastic, one of the reasons we went there. Inland for hills and coastal routes for flats. The eurovelo 1 cycle path goes all the way from near us to the Spanish border.
 
Sticky Fingers said:
? Why? There are a few replies on a topic about retirement, mostly from some older people with some experience of it. Unsurprisingly.
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An interesting thread to read for those of us who are slightly too young to be able to comment though ... for me personally, I'm about a decade out from state retirement age, with head still buried firmly in the sand, and the only part of this process that I'm actively looking forward to (or even know anything about) is getting a free bus pass
 
chriscallender said:
and the only part of this process that I'm actively looking forward to (or even know anything about) is getting a free bus pass
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That and a senior rail card are both a rite of passage.

I never used public transport when I worked for a living but now it’s possibly my preferred mode of transport.

For an extra tenner, I can endorse my bus pass with free, after 09h30 travel throughout Greater Manchester, train and tram.

All part of the rich tapestry of life.

Make the most of it and enjoy every day.
 
I sold my shares in 2016 age 54. Spent seven winters upgrading and extending a Devon cottage which I’ve enjoyed doing and interestingly created about £150k of tax free value in the process. I’ve scratched that itch, no more. Latterly I’ve been much more proactive in personal financial planning, educating myself and taking positive control of our investments. It’s a good winter occupation and again has created significant value for us. I’d urge anyone of any age to grasp the personal financial planning subject, I wish I’d started twenty years ago but I was too busy building a business. I got away with leaving it so late by selling shares at a decent value oltherwise I might still be working.
 
GEM43 said:
I sold my shares in 2016 age 54. Spent seven winters upgrading and extending a Devon cottage which I’ve enjoyed doing and interestingly created about £150k of tax free value in the process. I’ve scratched that itch, no more. Latterly I’ve been much more proactive in personal financial planning, educating myself and taking positive control of our investments. It’s a good winter occupation and again has created significant value for us. I’d urge anyone of any age to grasp the personal financial planning subject, I wish I’d started twenty years ago but I was too busy building a business. I got away with leaving it so late by selling shares at a decent value oltherwise I might still be working.
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At a recent retirement planning seminar the FA advised that the peak spending value of retirees is around early 80’s. He also said that many still save for a rainy day.

The point he was making, is spend the money when you are fit and well, stop trying to accumulate wealth in retirement.
 
RunAgroundHard said:
At a recent retirement planning seminar the FA advised that the peak spending value of retirees is around early 80’s. He also said that many still save for a rainy day.

The point he was making, is spend the money when you are fit and well, stop trying to accumulate wealth in retirement.
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Very true. But it’s very hard to swap from accumulate mode to decumulate mode. No point being the richest in the graveyard with the biggest IHT bill…….
 
Poignard said:
The next rite of passage I am looking forward to is the telegram from the King. ;)
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I spoke to my brother on the phone this am, in fact, he phoned me. He now has exactly two years to wait for his telegram. He was telling me about his trip up to the Royal Opera House the other day to hear some Wagner stuff and how much he enjoyed it and his dinner there. He is not always a reliable source of information but this was true.
 
RunAgroundHard said:
At a recent retirement planning seminar the FA advised that the peak spending value of retirees is around early 80’s. He also said that many still save for a rainy day.

The point he was making, is spend the money when you are fit and well, stop trying to accumulate wealth in retirement.
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My cousin, an Irish pension advisor said the same to me. He showed me statistics of personal spending by retirees, excluding care home stuff, it peaks in the first two years after retirement falls very very quickly after 75 and drops off a cliff after 80. Basically, because people stop traveling and doing stuff. So spend it if you have it.

Having seen my own parents live through and die from dementia, personally I would rather have nothing left rather than have it pumped into care home fees.
 
potentillaCO32 said:
My cousin, an Irish pension advisor said the same to me. He showed me statistics of personal spending by retirees, excluding care home stuff, it peaks in the first two years after retirement falls very very quickly after 75 and drops off a cliff after 80. Basically, because people stop traveling and doing stuff. So spend it if you have it.
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My Father is 92. I totally overestimated his desire to do "stuff" at this age. Such as attend the local horticultural show or the local agricultural show. Or go in to town for a coffee. He just doesn't want to, he's just happy spending time at home. Though we can get him to the pub for lunch every month. But there's no way he can spend his pension income, it just rolls up in the bank.
 
While health is important, we do wear out, and death is inevitable, I suggest a sense of contentment, satisfaction, equanimity may be more important than health at some point in retirement.

There are a lot of unhealthy retirees who appear to be having a happy time with it all, suggesting, health is not their priority.
 
RunAgroundHard said:
While health is important, we do wear out, and death is inevitable, I suggest a sense of contentment, satisfaction, equanimity may be more important than health at some point in retirement.

There are a lot of unhealthy retirees who appear to be having a happy time with it all, suggesting, health is not their priority.
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No. My late wife had a decade of illness. My sister in law has been ill for near 15 years. If you don't have health you have very little.
 
dgadee said:
No. My late wife had a decade of illness. My sister in law has been ill for near 15 years. If you don't have health you have very little.
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Yes. I know for a fact that illness and satisfaction in life are not dependent.

You of course, can believe what you want but others may disagree with you and what you think is important.
 
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