Retirement.

The Backwards Man · 04-06-2013 11:10pm #1

Do you ever think about it? I think about it now and again, only 30 years, 97 days and 50 minutes to go for me. I'm going to lock up the house, put it up for sale, travel the world and never look back.

Have you made any plans yet?

KeithM89 · 04-06-2013 11:11pm

I expect to be dead long before then.

pragmatic1 · 04-06-2013 11:13pm

Won't be able to afford it. I'll probably just do myself in when I can't work anymore.

The Backwards Man · 04-06-2013 11:14pm

Scylla wrote: »

I expect to be dead long before then.

That's a terrible attitude to have, think positive. Me and you could be skydiving on the moon when we're eighty.

JD DABA · 04-06-2013 11:14pm

The best-laid schemes o' mice an 'men.

Make your plans rubbery.

Notorious97 · 04-06-2013 11:14pm

Chance would be a fine thing

Dont think il see it, doubt my luck is good enough lol

Senna · 04-06-2013 11:17pm

If I could retire tomorrow I would.

mikehammer67 · 04-06-2013 11:18pm

some idiot dreamt it up to make money no doubt

insurance salesman or the like

jobeenfitz · 04-06-2013 11:21pm

I think thirty years and the rest is way too far into the future to be looking at. Not saying you shouldn't (if you can afford it) make pension provision but you have a lot of living to do before 2043. If you make it rich in the near future you could think about retiring sooner.

The Backwards Man · 04-06-2013 11:22pm

mikehammer67 wrote: »

some idiot dreamt it up to make money no doubt

insurance salesman or the like

What, old age? Don't think insurance men wield that much power. I'd love to be old, as long as I still had full control of my willy I'd be happy as Larry.

Kintarō Hattori · 04-06-2013 11:24pm

I have thought about it but to be honest it's so far off and socially things are changing so much that it's hard to have any concrete idea how things will turn out.
Regardless I hope to have a lot of years left in me after retirement to spend with my good lady. We bought an apartment in Poland a few years back so thought about the idea of living somewhere in the south with our pensions while renting out our home in Ireland. It may/may not make for a comfortable set-up.

The Backwards Man · 04-06-2013 11:24pm

jobeenfitz wrote: »

I think thirty years and the rest is way too far into the future to be looking at. Not saying you shouldn't (if you can afford it) make pension provision but you have a lot of living to do before 2043. If you make it rich in the near future you could think about retiring sooner.

Paying into a pension since I was eighteen so that's not an issue for me. To be honest I don't think too much about the far future but there's no point ignoring it either.

BoardsMember · 04-06-2013 11:27pm

I think about it a lot. I'm 40. Plan to get an rv, take boat to France and start wandering for a year or two. Maybe fly home occasionally to see family. Eat well and healthy.

Kenjataimu · 04-06-2013 11:27pm

The Backwards Man wrote: »

What, old age? Don't think insurance men wield that much power. I'd love to be old, as long as I still had full control of my willy I'd be happy as Larry.

Which Larry though?...

Banjo String · 04-06-2013 11:39pm

I was planning from retiring next year from my hobby as a serial flasher.

Then the economy bombed and I've decided to stick it out for another few years.

The Backwards Man · 04-06-2013 11:39pm

BoardsMember wrote: »

I think about it a lot. I'm 40. Plan to get an rv, take boat to France and start wandering for a year or two. Maybe fly home occasionally to see family. Eat well and healthy.

That's more like it. I often see people who haven't a clue what do with themselves when they retire, they just become miserly (if they were well off) and leave everything for someone else to blow.

Well fcuk that, if I have any dough when I retire I'm gonna blow the whole fcuking shebang meself.

Seedy Arling · 04-06-2013 11:40pm

pragmatic1 wrote: »

Won't be able to afford it. I'll probably just do myself in when I can't work anymore.

I'd say you are a glass is half full type of person.

Tigerandahalf · 04-06-2013 11:45pm

Live every day as if it was your last. By the time you hit retirement age your health could have declined or your partner's and you are stuck. My motto is pretty much to take every reasonable opportunity to enjoy life and travel and do stuff while I am fit and able.

stateofflux · 05-06-2013 12:04am

pragmatic1 wrote: »

Won't be able to afford it. I'll probably just do myself in when I can't work anymore.

wtf? surely you mean ride anymore?

BoardsMember · 05-06-2013 8:54am

Tigerandahalf wrote: »

Live every day as if it was your last. By the time you hit retirement age your health could have declined or your partner's and you are stuck. My motto is pretty much to take every reasonable opportunity to enjoy life and travel and do stuff while I am fit and able.

The concept of looking forward to retirement and having a plan for when it happens, and the ideologoy of living every day to the last etc are not incompatible. I'd prefer to enjoy life to its full, which I do as much as I can, while still providing as much as I can towards retirement so that I can do things with the rainy-day fund that I will have no real need for in retirement.

Living every day as if it were your last also has to be modified when you have loved ones and people who rely on you for income and support, education etc. Even more of a reason for people in that situation to provide for the future, for a time when they can look after themselves.

P. Breathnach · 05-06-2013 9:09am

The Backwards Man wrote: »

...
Well fcuk that, if I have any dough when I retire I'm gonna blow the whole fcuking shebang meself.

The problem is timing. You might blow the lot in three years, and then live for another 15 years in penury.

OldGoat · 05-06-2013 9:19am

I had my retirement in my late 20's when I could enjoy it. A couple of years not working, traveling, trying new things, pottering around the house, it was all good. Now I just have to work till I drop to pay for my hedonistic excesses.
But it was so worth it.

The problem with retirement is that lots of people are simply too tired and world-weary to be able to take full advantage of it.

P. Breathnach · 05-06-2013 9:35am

Anybody can retire at any age. All that is involved is that one withdraws from the labour market. What is really at issue here is the availability of an assured income, a pension. State pensions are a comparatively recent thing, dating from 1909. Before that, people worked until they dropped, or depended on family or workhouse when they became old.

OldGoat wrote: »

...
The problem with retirement is that lots of people are simply too tired and world-weary to be able to take full advantage of it.

People being tired and world-weary is the historic reason for retirement: they were deemed no longer fit to work.

Things have moved on a bit. The life expectancy of people in their 60s is greater, and their general health is often quite good, so they can have a great capacity to enjoy life. I know retired people who are now doing the things that they did not have the chance to do when they were younger - travel being high on the list.

rockbeast · 05-06-2013 9:40am

Retirement is wasted on the old.

Life is a one-way dirt-trip so make your retirement plans then start them next week.

P. Breathnach · 05-06-2013 9:43am

rockbeast wrote: »

Retirement is wasted on the old....

Speaking from experience, I disagree.

rockbeast · 05-06-2013 9:45am

P. Breathnach wrote: »

Speaking from experience, I disagree.

God bless viagra:D

martinedwards · 05-06-2013 10:27am

All you young folks wake up and start paying every penny you can afford into a pension.

I've been forced into retirement through disability. I had no real notice but thanks God I was buying extra years.....

now, at 46 I have enough of a disability pension to pay the mortgage and essentials. I need to get another job, but the pension means I can get something less physically demanding which pays less.

seriously kids, pay into a pension.

its YOUR money, that YOU will be spending......

don't believe the lies about the insurance bloke spending it all in Hawaii.......

jimgoose · 05-06-2013 10:34am

Unless any of you fancy flipping burgers forty hours a week at the age of 80 or so in order to keep body-and-soul together, you're going to need some sort of a private pension to supplement the standard OAP. The reason a lot of old folks appear to get miserly is because they spend a lot of time trying to decide between a bale of briquettes and a loaf of bread.

CruelCoin · 05-06-2013 10:39am

The Backwards Man wrote: »

Do you ever think about it? I think about it now and again, only 30 years, 97 days and 50 minutes to go for me. I'm going to lock up the house, put it up for sale, travel the world and never look back.

Have you made any plans yet?

Yup, have a pension at 28 years of age. Started 2 years ago. Growing nicely.

Also, inb4 (shure everythings shrinking). Don't be a tard and research your funds first...

edireland · 13-10-2017 1:06pm

Don't be in such a hurry to retire.

ToddyDoody · 13-10-2017 1:12pm

I'd hope to make as much of a civic nuisance of myself as possible?

Also read a lot.

endacl · 13-10-2017 1:20pm

20 years left if I go the full distance. Options to retire early though. Plan to be mortgage(s) free in 7-8 years. Get out in full pension from my ‘job’ job ASAP after that, continue my other work on a p/t basis, enjoy my pensions as they kick in, and split my time between Ireland and Spain.*

*Plans subject to change. I recently met a couple who retired early, rented their house in Dublin, bought a big ol’ German army surplus truck, converted into an ‘end of days’ style camper, and headed off round the world taking photos. The rent from their gaff plus pensions more than covers the costs. I believe they’re three years in at this point. That sounds cool too, if I can talk herself into it...

Pac1Man · 13-10-2017 1:22pm

Only 26 years left for you now Backwards Man.

Dravokivich · 13-10-2017 1:23pm

martinedwards wrote: »

its YOUR money, that YOU will be spending......

don't believe the lies about the insurance bloke spending it all in Hawaii.......

But I need my money now.

13-10-2017 1:25pm

I don't think I'll stop working, I'll just redirect my efforts elsewhere. Probably i'll train point-to-pointers, go to the G.P. every morning waving my medical card around like a madman, and work on my boards.ie postcount (i'm pretty sure i know why mike65 chose his username)

ytpe2r5bxkn0c1 · 13-10-2017 1:30pm

edireland wrote: »

Don't be in such a hurry to retire.

Retire as early as you can. It's a marvellous world out there waiting for you.

Heres Johnny · 13-10-2017 1:37pm

I sold my house, moved into my then girlfriends house (wife now) and pocketed 100k in equity. Put most of this into a pension fund and the growth has been fantastic. It's going to give me the option to retire by mid 50s if I want. I was paying a pretty penny into it before the lump sum too. Seriously kids, put money away even if it's only a small amount.

BraveDonut · 13-10-2017 1:37pm

Actively planning for it on 2 fronts:
Taking full advantage of my company's pension plan
Trying to remain fit and healthy to enjoy it

edireland · 13-10-2017 1:38pm

Retired and bored any ideas in free things to do.
or good ideas.

ytpe2r5bxkn0c1 · 13-10-2017 1:41pm

edireland wrote: »

Retired and bored any ideas in free things to do.
or good ideas.

Fishing, gardening, walking, volunteering, travel, socialise, photography, the list is almost endless. Get your imagination going.

edireland · 13-10-2017 1:44pm

:)looking for free events in Dublin or beside public transport

ytpe2r5bxkn0c1 · 13-10-2017 1:55pm

edireland wrote: »

:)looking for free events in Dublin or beside public transport

Museums, galleries, canals, parks... I'm not in Dublin and don't use public transport, so haven't a clue but if we yokels can find full more than enough to fill a day, I assume it's just as easy, if not easier, in the metropolis.

edireland · 13-10-2017 1:59pm

Dominik Important Busboy wrote: »

Fishing, gardening, walking, volunteering, travel, socialise, photography, the list is almost endless. Get your imagination going.

Thanks.

mark_jmc · 13-10-2017 2:27pm

My wife and I are 40 next year and the plan is to retire at 60,
With our current pensions/investments and the amount we are putting into our pensions monthly we are well on track for this

iamwhoiam · 13-10-2017 2:28pm

I am furious over the new rules from 2012 .I stayed at home with three small children in the 1980's and now am penalised for it . I paid PRSI for the rest of my working life and now the ten years will count against me .So annoyed over it

Shurimgreat · 13-10-2017 2:38pm

Apparently retirement is over-rated and many retirees end up bored, lonely, isolated and lacking day to day interactions.

ytpe2r5bxkn0c1 · 13-10-2017 3:22pm

Shurimgreat wrote: »

Apparently retirement is over-rated and many retirees end up bored, lonely, isolated and lacking day to day interactions.

I can only speak for myself and the retirees I mix with but nobody has said anything other than they wished they had retired earlier. None of us is ever bored; indeed we often discuss how busy we have become and how we 'wonder how we had time to work'. Of course it may not suit anybody but if you are active, have friends or family, and a half decent pension it's just great.

Beasty · 13-10-2017 3:24pm

When this thread was started my Excel spreadsheet suggested I could just about retire then and live comfortably. 4 years later and I'm feeling very comfortable with the prospect of another 3 or 4 years to build up something to give the kids the best starts in their adult lives. After that I reckon I'll be winding down, moving to 4 then 3 or 2 days a week. Spreadsheet says I will then be able to lead a pretty luxurious retirement, while still being able to do plenty of things and exploring the World.

In summary, yes I think about it, and the way things are I feel I will be very well prepared both financially, and with plenty of other interests to keep me occupied through my later years

m5ex9oqjawdg2i · 13-10-2017 3:24pm

The Backwards Man wrote: »

Do you ever think about it? I think about it now and again, only 30 years, 97 days and 50 minutes to go for me. I'm going to lock up the house, put it up for sale, travel the world and never look back.

Have you made any plans yet?

Yes I have thought about it, I have also thought, on several occasions, if you could walk backwards faster than I can.

Barry Badrinath · 13-10-2017 3:27pm

164 more pay days!

Huurrrryyyy uuuuppppp!

howamidifferent · 13-10-2017 3:32pm

Senor Fancy Pants wrote: »

164 more pay days!

Huurrrryyyy uuuuppppp!

Jammy Git!

Good luck with that! 12 more years for me...unless I win the lotto then I'm gone never again to darken the door of my place of employment.

Retirement.

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