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To retire or not to retire.
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clan chieftain



Joined: 05 Apr 2008
Posts: 2041
Location: Motherwell

PostPosted: Tue Jan 04, 2011 11:02 am    Post subject: To retire or not to retire. Reply with quote

Mainly for the senior members of the forum.
I will be 65 next January. Health wise.....not too bad though a bit wheezy with the Hamlets. Financially ok with a healthy Royal Mail pension and my wife has her OAP and hospital pension. Mortgage is paid and I have no debts.
These last 10 days have been murder amd I will be glad to get back to work. Just nothing to do car wise or garden wise. Telly has been rubbish.Thank goodness for the internet. I can stay on after 65 if I want to. But do I want to that is my dilemma. I will have plenty to keep me occupied in the summer no problem with the cars and the garden. Any suggestions folks.
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47Jag



Joined: 26 Jun 2008
Posts: 1480
Location: Bothwell, Scotland

PostPosted: Tue Jan 04, 2011 12:22 pm    Post subject: Reply with quote

Larry,

Retire. Like you I had the option of staying on but I opted out. It's the best thing. You can do things you always wanted to do, take last minute holidays to far flung places, lie in bed when the wind is howling and snow is falling safe in the knowledge that you don't have to commute to work.

JUST DO IT!

Art
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peter scott



Joined: 18 Dec 2007
Posts: 7219
Location: Edinburgh

PostPosted: Tue Jan 04, 2011 2:18 pm    Post subject: Reply with quote

If you have a few interests then you won't find enough hours in the day.
I retired 7 years ago and don't know how I managed to squeeze in the time for paid work previously.

Peter
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clan chieftain



Joined: 05 Apr 2008
Posts: 2041
Location: Motherwell

PostPosted: Tue Jan 04, 2011 4:31 pm    Post subject: Reply with quote

Hmmm/ 2.0 for retiring. Funny thing is I dont feel my age only when I try to do things I did years ago then I struggle. I havent even applied for my bus pass yet.Its good to get advice from others though.
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Penman



Joined: 23 Nov 2007
Posts: 4880
Location: Swindon, Wilts.

PostPosted: Tue Jan 04, 2011 4:46 pm    Post subject: Reply with quote

Hi
Wether vto retire has to be your decision, but consider this, maybe you could find some thing taking fewer hrs out of the week or even go P/T at you current company.

But yoy really should have got your bus pass 5yrs ago.
I don't use mine often, but if I need to go straight into town, do some business and come back home; then the bus does it just as quickly for me and I don't have to pay for parking.
Sometimes, when on my way somewhere else but needing to go into town, I will park up, for free, out of the central area and then just use the bus as a park and ride service.
In fact a P&R service is great when visiting high cost parking areas like York, though I realise that a Scots pass is probably not useable south of the border just like mine can't be used north of it.
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exbmc



Joined: 18 Jun 2009
Posts: 236
Location: Derby East Midlands

PostPosted: Tue Jan 04, 2011 8:12 pm    Post subject: retire Reply with quote

I took voluntary redundancy, when the company decided that two men per shift, could be as efficient as three. Being 62, I was eligible to take my pension as well as severance pay. So, off I went and have never regretted it.
No more 04:15 get-ups, no night work, and no stress. I don't care how high up you are or what you do, you will get stress at work. So Marina Est. I urge you to get out and enjoy retirement as soon as you can.
The short days this time of year can be difficult, but you can fit all sorts into the daylight period, whereas the alternative is going to work in the dark, then coming home again in the dark, and doing nothing much for yourself.
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Rick
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Joined: 27 Apr 2005
Posts: 22837
Location: UK

PostPosted: Tue Jan 04, 2011 8:25 pm    Post subject: Reply with quote

If you can afford to, I'd take the retirement option, even if you keep your hand in - like Penman says - with a bit of part-time work.

No-one ever lay on their deathbed, wishing they'd spent more time in the office!!! Smile

R
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Geoffp



Joined: 27 Nov 2007
Posts: 336
Location: South Staffordshire

PostPosted: Tue Jan 04, 2011 10:06 pm    Post subject: Reply with quote

I was fortunately able to retire early but stay on part-time until I finally retired last year. A friend has just retired completely from working full-time and he is finding a bit of a culture shock, so see if you can ease yourself into retirement in stages.

Geoff
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clan chieftain



Joined: 05 Apr 2008
Posts: 2041
Location: Motherwell

PostPosted: Wed Jan 05, 2011 12:08 am    Post subject: Reply with quote

Unfortunately Dingbro dont employ part timers. Still there would be no harm I suppose in asking if I could cut down my hours to 3 days a week.
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victor 101



Joined: 03 Apr 2009
Posts: 446
Location: East Yorkshire

PostPosted: Wed Jan 05, 2011 12:10 am    Post subject: Reply with quote

Why would you not want to retire? you dont think 50 years working is enough.
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Dirty Habit



Joined: 26 Mar 2008
Posts: 398
Location: West Midlands, UK

PostPosted: Wed Jan 05, 2011 12:45 am    Post subject: Reply with quote

As my Dad never reached retirement age and neither did any of his brothers, I took the opportunity when I was offered VR and a small pension. I was determined to have my retirement. I have had 9 great years mostly doing what I want, when I want. My interest in old cars was rekindled and as I was also divorced..........I was 20 something again !!

I still have my health but money is a little tight, so I went back to work part time. Would I have done anything different knowing what I know now? No, I have had my retirement when many poor bugger don't even get that far.
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Keith D



Joined: 16 Oct 2008
Posts: 1174
Location: Upper Swan, Western Australia

PostPosted: Wed Jan 05, 2011 2:49 pm    Post subject: Reply with quote

Larry,

Retire!!!

I worked until I was 65. I dreaded retirement. I loved my job. In November 2008 the Australian mining boom fell over and I was given a DCM (Don't come Monday!)

I faced a life of acute boredom until they nailed the lid down over me!

Did I buggery! I found that I liked getting up when my body decided it was ready to wake up. I spend as much time as I want with my cars. I decided that I had time for a second hobby and built myself a great big shed for the model railway layout I am building. Hot and cold days in with the railway, mellow days out in the workshop! I even joined the local Mens shed! Since my holiday in the UK last May, the wife and I have enjoyed 3 more holidays in Australia and we are leaving on a cruise to Asia next Monday!

Excuse me for using an Australian expression. I'm as happy as a pig in sh*t! No way am I bored. An added bonus is that most of my mad mates are also retired so we can catch up during the week and leave the weekends for grandkids!

You said that you are financially OK, then go for it Larry! (Anyway, I find that I need far less money than I did when I was working!)

Come out here for a holiday and we can talk old cars to our heart's content!

Keith
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clan chieftain



Joined: 05 Apr 2008
Posts: 2041
Location: Motherwell

PostPosted: Wed Jan 05, 2011 8:53 pm    Post subject: Reply with quote

Some good tips here. 8.0 in favour of retiring next year. Got up this morning for 1st day back after the holidays. Van frozen out with the scraper slippy roads. Confused Roll on next year methinks. Cool
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BigJohn



Joined: 01 Jan 2011
Posts: 954
Location: Wem, Shropshire

PostPosted: Wed Jan 05, 2011 9:54 pm    Post subject: Reply with quote

I had a friend who worked every hour he could, the plan was to retire at 50 and play with his vintage tractor, then came the heart attack at 49......... he's now weathiest man in the church yard.
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peter scott



Joined: 18 Dec 2007
Posts: 7219
Location: Edinburgh

PostPosted: Thu Jan 06, 2011 1:36 am    Post subject: Reply with quote

My father retired at age 65 and he died (stomach cancer) almost exactly on his retirement day.

Peter
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