Karl`s PC Help Forums

Early retirement
marymary100 - 20-11-2012 at 17:24

My local authority are so desperate to make cut backs that they are offering enhanced early retirement and I would finally be entitled to apply. I'm not sure if I would like to be retired but as services get more and more stretched, I can't say it doesn't appeal a little...


Those of you who are retired, would you recommend it?

Why/why not?


John_Little - 20-11-2012 at 18:18

I would. Although I'm still not technically "retired" if that means I get a pension. I'm still living off savings but get my pension next year. I suppose it depends if you enjoy your job. I used to but it got worse and worse. As they all are. In your case, I think I'd miss the kids and the satisfaction of knowing you've done a good job.


marymary100 - 20-11-2012 at 18:29

I love my job and I would miss the children and most of my colleagues.


delanti - 20-11-2012 at 18:37

When I first retired I knew that for a few years I had enough things I had/needed to do that I would be busy for a while. What I found was that there are a lot of things one can get involved in Community wise.

Volunteers are always accepted for service organizations and in your case there might be a way to assist a local school district that would be rewarding. I read an article where a father volunteers his time 3 times a week to the grade his son is in filling in for children who might not have any father figure to assist them.waveysmiley


crikey - 20-11-2012 at 19:33

Go for it, MM. I did, 20+ years ago, and haven't regretted a single day. What I can't believe is just how quickly the years since have flown by!


marymary100 - 20-11-2012 at 19:56

I think I'll ask for the figures at least to work out if it is even financially worthwhile. I could always tutor in the evenings...


victor - 20-11-2012 at 23:27

I retired 10 years ago at the age of 57 and don't know where all the time has gone but don't regret.
If you can afford it go for it remember if you are not working you are not paying NI also not travelling to work there is no outlay on that, unfortunately you still have to pay tax on pensions income if any.
Not knowing your age you might be fully paid up for the state pension I was at 57 so didn't need to pay any more to that. these are things to take into consideration.


marymary100 - 21-11-2012 at 07:01

I'm nowhere near the State pension so that wouldn't kick in for a long time but I suspect my years overseas are going to rule this out for me but there's only one way to find out.


LSemmens - 22-11-2012 at 00:28

I was forcibly retired at 43 (MVA), not that I am complaining, it has worked out well for me. I cannot work out how I ever found the time to go to work! It's all in your attitude, Mary, if you are looking at retirement as the "end", then that is exactly what it will be! If you see it as an opportunity to do the things that you'd love to do, chances are, you'll still never get to do most of those things, but will have fun trying!