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Grumpier Old Men

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 Post subject: Retirement
PostPosted: Wed Jan 11, 2017 2:32 pm 
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Joined: Mon Feb 18, 2008
Posts: 2881
Location: On the downs ,by the zoo.
On December 31st, I stopped working for a living .After nearly two whole weeks, I am still enjoying it. I have stayed as non executive director ,being paid a pittance to do bugger all. That will fill two days a month. We are off on holiday for five weeks to Hawaii and New Zealand in early February, so we are tidying things up beforehand , ready for our return in March.

The dog is in seventh heaven, getting three walks a day. She gets a lie in , as I do not drag her out at 6 am before going to work, she gets rousted about 7 to go out for her morning constitutional , and then has at least an hour off lead later in the day, and an evening walk.

My back has stopped me playing golf, but the chiropractor s confident we will get back playing by the end of the month. Apparently, the stone and a half I gave gained since July may not have helped.

My pension pot is north of £600k and I have over £100k in ISA's and savings , so I can live comfortably , but not Lamborghini style. I'm 62 this summer, and budget on living to 90. Mum and Dad are 86 so there are some good genes about, but who knows?

What is interesting is my changed approach to subjects that used to boil my pi55. When Corbyn talks about higher taxes, higher investment in the NHS and improved railways , I agree wholeheartedly , instead of shouting abuse at the telly. Tax them as hard as you want, no longer will it affect me! Waste as much as you like on Councils ,NHS and pubic sector wankery, it is no longer my money. In four and a half years, I will be getting a state pension, and will for the first time in my life, be taking more out than I put in...............that will be a happy day.

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Why did I become my father and why does my daughter not do what I tell her?

When did a risk asssessment replace commonsense?

When a packet of peanuts has the words 'May contain nuts' written on it............I lose belief in my fellow man.


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 Post subject: Re: Retirement
PostPosted: Thu Jan 12, 2017 4:30 am 
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Joined: Wed Sep 28, 2005
Posts: 904
Location: Auckland New Zealand
whostolemyhair? wrote:
On December 31st, I stopped working for a living .After nearly two whole weeks, I am still enjoying it. I have stayed as non executive director ,being paid a pittance to do bugger all. That will fill two days a month. We are off on holiday for five weeks to Hawaii and New Zealand in early February, so we are tidying things up beforehand , ready for our return in March.

The dog is in seventh heaven, getting three walks a day. She gets a lie in , as I do not drag her out at 6 am before going to work, she gets rousted about 7 to go out for her morning constitutional , and then has at least an hour off lead later in the day, and an evening walk.

My back has stopped me playing golf, but the chiropractor s confident we will get back playing by the end of the month. Apparently, the stone and a half I gave gained since July may not have helped.

My pension pot is north of £600k and I have over £100k in ISA's and savings , so I can live comfortably , but not Lamborghini style. I'm 62 this summer, and budget on living to 90. Mum and Dad are 86 so there are some good genes about, but who knows?

What is interesting is my changed approach to subjects that used to boil my pi55. When Corbyn talks about higher taxes, higher investment in the NHS and improved railways , I agree wholeheartedly , instead of shouting abuse at the telly. Tax them as hard as you want, no longer will it affect me! Waste as much as you like on Councils ,NHS and pubic sector wankery, it is no longer my money. In four and a half years, I will be getting a state pension, and will for the first time in my life, be taking more out than I put in...............that will be a happy day.


Congratulations on achieving what appears to be your, and your dog's dream. I wish you a long and happy retirement. However to avoid accusations of smugness you might care to take on board some advice handed out to an acquaintance many moons ago, after he was heard describing his personal situation to a group of people much less well off. The advice was that money and sex had much in common, namely that those who had it rarely felt the need to talk about it.

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 Post subject: Re: Retirement
PostPosted: Thu Jan 12, 2017 8:53 am 
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Joined: Sun Aug 21, 2016
Posts: 151
Location: The poor part of South Cambridgeshire
I'd be slightly worried about the horrendous possibility of Corbyn (or any other Labour f*ckwit) becoming PM.

It is likely that it wouldn't be long before they start eying up your 600 grand pension pot to pay for their hare-brained schemes.

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 Post subject: Re: Retirement
PostPosted: Thu Jan 12, 2017 9:58 am 
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Joined: Mon Feb 18, 2008
Posts: 2881
Location: On the downs ,by the zoo.
There is nothing to be smug about £600 k pension pot. It equates to that of the Council loo cleaner. By public sector standards it is a pi55 in the ocean.5% is £30,000 a year, which is close to national average, or lower quartile council estate dole claimant. The slapper with eight kids by seven different fathers has more money coming in than I have.

But I have limited needs . A case of Haut Medoc awaits my attention, we spend well on meat ,but make our own soup and bread. A £3 ham hock boiled into a lovely pea and ham soup gave us three meals for les than a fiver. My golf subs are covered, I can still afford Titleist Pro Vx, what is there to complain about.

I suspect that Corbyn will be unable to get at my pot, but he can means test me out of any state pension, make sure I pay over the odds for any care, and make sure that the NHS is not able to look after me. He will look at the pension pot and house value, and call me a millionaire. When my parents pass, the inheritance of their house may lead to my investment in a property overseas, down under or Florida. Medical insurance is the main issue, but the opportunity to move money overseas away from Corbyn is an appeal.

_________________
Why did I become my father and why does my daughter not do what I tell her?

When did a risk asssessment replace commonsense?

When a packet of peanuts has the words 'May contain nuts' written on it............I lose belief in my fellow man.


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 Post subject: Re: Retirement
PostPosted: Thu Jan 12, 2017 10:41 am 
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Joined: Sun May 04, 2008
Posts: 14801
Location: Kent and the coast
whostolemyhair? wrote:
When my parents pass, the inheritance of their house may lead to my investment in a property overseas, down under or Florida. Medical insurance is the main issue, but the opportunity to move money overseas away from Corbyn is an appeal.


If you do decide to buy there I hope that the currency exchange has improved. We are off for 6 weeks and the rate is struggling to make $1.2 to the pound. Last year 1.4. It will have to be Pinnacles. :(

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 Post subject: Re: Retirement
PostPosted: Thu Jan 12, 2017 10:54 am 
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Joined: Wed Jan 05, 2005
Posts: 7526
Location: West Cornwall, near the pasty mines.
whostolemyhair? wrote:
There is nothing to be smug about £600 k pension pot. It equates to that of the Council loo cleaner. By public sector standards it is a pi55 in the ocean.5% is £30,000 a year, which is close to national average, or lower quartile council estate dole claimant.


Not many public sector workers on the lower end of the wages ladder get a £30,000 pension.
When I retired in 2000 from the rank of Inspector my pension was £29,800 the lower ranks are lucky to get £13,000. Your views on public sector pensions is way out of line with reality. Either way £30,000 is not to be sniffed at where ever you worked.
Enjoy your retirement.

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 Post subject: Re: Retirement
PostPosted: Thu Jan 12, 2017 12:06 pm 
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Joined: Sun Mar 20, 2005
Posts: 12386
Location: Reading and the Marina Alta
I retired in 1995 on a Civil Service pension and have not for a moment regretted it. It was a hard life, Nigeria, Bangladesh, Burma, Kuwait, Tanzania, and Mozambique being the more difficult posts.

With my lump sum I bought three flats which I still rent out. I also built three houses from scratch, one in Australia. Travel has not been a large part of retirement, but we spend 4-5 months in Spain. I advice punters on MSE how to get off private parking tickets, and watch far too much television We hope to downsize the house shortly and I am willing to take on a doerupper.

Baldy has a misconception of Civil Service pensions. An SEO, (equivalent to a Lt Col) might earn £45,000) and retire with a lump sum of £67,500 and a pension of £22,500, which appears to be a helleva lot less than an Inspector in the Police.

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Last edited by D P Dance on Thu Jan 12, 2017 12:22 pm, edited 1 time in total.

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 Post subject: Re: Retirement
PostPosted: Thu Jan 12, 2017 12:09 pm 
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Location: Kent and the coast
D P Dance wrote:
n We hope to downsize the house shortly and I am willing to take on a doerupper.


Ask Keith Vaz, he knows a few of those, Dips!!

:mrgreen:

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 Post subject: Re: Retirement
PostPosted: Thu Jan 12, 2017 12:42 pm 
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Joined: Mon Feb 18, 2008
Posts: 2881
Location: On the downs ,by the zoo.
Jethro,

How old were you when you retired? I put in 40 years. Compare to a senior Finance Director on six figure salary with 40 years in public sector, and we will see a much larger pension pot.

One of my managers retired last year at the same time as his wife. Both earned about the same, both had contributed the same amount, but she had a ten year break for two kids. Her pension is TWICE his............because she worked for the Council.

_________________
Why did I become my father and why does my daughter not do what I tell her?

When did a risk asssessment replace commonsense?

When a packet of peanuts has the words 'May contain nuts' written on it............I lose belief in my fellow man.


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 Post subject: Re: Retirement
PostPosted: Thu Jan 12, 2017 1:04 pm 
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Joined: Sun Mar 20, 2005
Posts: 12386
Location: Reading and the Marina Alta
Her pension is TWICE his............because she worked for the Council.

No, because she was probably earning 6-7 percent less than someone doing a similar job in the private sector, gets a smaller ot no car, no expence account, gfewer trips to Dubai, and no golf clum membership.

I am surprised at the high level of police pay. An Chief Inspector, (three shoulder pips) earns about £60,000 pa, a Captain in the army (three shoulder pips) about £45,000. The policeman sits in an office and eats dough nuts, the pongo kills baddies in Mosul.

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 Post subject: Re: Retirement
PostPosted: Thu Jan 12, 2017 1:33 pm 
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Joined: Mon Dec 12, 2005
Posts: 7877
Location: The Luberon
I turned 65 a few weeks ago, and although I "retired" 12 years ago am still active in business. There were too many opportunities here to ignore, and I spend a few days a month project managing my developments. My architect Gustav keeps tabs on things, while Ismet, my master of works, gets the graft done. Two projects are about to start in the spring, one of which has taken three years to come to fruition. Bureaucratic feckwittery here can be challenging!

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 Post subject: Re: Retirement
PostPosted: Thu Jan 12, 2017 3:04 pm 
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Joined: Mon Feb 18, 2008
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Location: On the downs ,by the zoo.
Quote:
No, because she was probably earning 6-7 percent less than someone doing a similar job in the private sector, gets a smaller ot no car, no expence account, gfewer trips to Dubai, and no golf clum membership


Which part of earning the same confuses you? If you can master spell check, you might find people take you more seriously. Their jobs were comparable and packages were similar.

_________________
Why did I become my father and why does my daughter not do what I tell her?

When did a risk asssessment replace commonsense?

When a packet of peanuts has the words 'May contain nuts' written on it............I lose belief in my fellow man.


Top
 Profile  
 
 Post subject: Re: Retirement
PostPosted: Thu Jan 12, 2017 3:14 pm 
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Joined: Tue May 25, 2010
Posts: 2294
Location: Near Roonald McDoonalds, but sufficiently far away not to smell the onions and cheese.
Unfortunately I am of the generation after Baldy and my pensions are worth Jacques Merde.

The only way to guarantee any kind of pension when I finally retire (probably aged 70+ at this rate) is from my rental property. Government are now taxing the b*llocks off landlords after April for these.

My parents are in their seventies, retired at 50 and enjoyed very generous pensions from BT (GPO days) and the ambulance services.

So the outlook is not exactly great. No enjoying cups of tea and fruitcake at 3pm and then having a snooze on my HSL recliner in front of Cash in the Attic for me.

Either that or sell my rusty sheriff's badge on Southend seafront...

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 Post subject: Re: Retirement
PostPosted: Thu Jan 12, 2017 3:16 pm 
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Joined: Sun Mar 20, 2005
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Location: Reading and the Marina Alta
Which part of earning the same confuses you? If you can master spell check, you might find people take you more seriously. Their jobs were comparable and packages were similar.

Don't be rude @rsehole, did you not note my use of the word "probably"?

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 Post subject: Re: Retirement
PostPosted: Thu Jan 12, 2017 3:59 pm 
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Joined: Mon Jan 01, 2007
Posts: 1368
Location: East Angular on Sea
D P Dance wrote:
Which part of earning the same confuses you? If you can master spell check, you might find people take you more seriously. Their jobs were comparable and packages were similar.

Don't be rude @rsehole, did you not note my use of the word "probably"?




Good to see that your taxpayer funded diplomatic training was not wasted.

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