Do you plan to retire?

[XC] Oj101 said:
I couldn’t imagine retiring. I’d lose my mind.
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What's your idea of always working though? Part time work eventually or full on 8 hour days? Personally, I'd love to work as long as I'm in good health but I don't think I could do full 8 hour days. I did 8 hour office days between 2018-2020 before our company went to hybrid after level 5 lockdown and haven't been back to the office since. I realized that I probably get the work done in about 3 hours a day. 5 hours a day was spent idle mostly.
 
JuliusSeizure said:
What's your idea of always working though? Part time work eventually or full on 8 hour days? Personally, I'd love to work as long as I'm in good health but I don't think I could do full 8 hour days. I did 8 hour office days between 2018-2020 before our company went to hybrid after level 5 lockdown and haven't been back to the office since. I realized that I probably get the work done in about 3 hours a day. 5 hours a day was spent idle mostly.
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I’m still working right now (11pm) by choice. Work is my greatest hobby.

I just realized how sad that sounds, but honestly if I’m not being productive I start feeling irritable.
 
[XC] Oj101 said:
I just realized how sad that sounds, but honestly if I’m not being productive I start feeling irritable.
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It's not at all and I totally understand. I would love to spend more time with my Dad but also wonder what he will do if he were to retire now.

I was reading about this Gogo which made me feel a bit better. She started teaching in 1940 and carried on until two years ago when she was 99. She passed away last year at the age of 100. It's probably her love of her job that kept her going so strong and long.

www.enca.com

SA oldest teacher loves her profession

Despite the challenges, one teacher is still extremely dedicated to her profession.
www.enca.com www.enca.com
 
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Hoping to. Have some plans for after retirement. Gonna be tight though. The banks retire people at age 60 which is a bit early. I would like to probably aim for 63. The extra 3 years of earnings and not drawing down your pension can make a big difference. For those that don't know how it works when you retire most people would buy into a financial product that ensures income for life, increasing with inflation. What you get is determined by a two column table essentially. Column one is age, column 2 is % you get out per million at that age. If you retire at say 55 instead of 63 it can halve your monthly income. When my dad retired I think he got an amazing rate from the in-house scheme of 7.6% per million. He checked Old mutual too and it was more like 6.5% per million at age 63. Thing is if you delay retirement your nest egg grows more, and your age on that table goes in your favour.
 
You can't retire and do nothing - that will kill you. S0 i'd like not to work for a boss until i kick the bucket. Retire at 62.5 (Company policy) Then stay busy with woodwork ? Making knives ? Something keeping your mind and hands busy. If possible get a little income to pay for the odd prostitute or two.
 
HunterNW said:
My moer. And i also thought you're like 2 or so odd years away from packing your caravan.
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People tend to (mistakenly) associate a politically conservative person with age. I thought that you were 70 plus, but then I saw you lose your temper, and realised that I was wrong.
 
No my wife wants me to work myself to an early death so she can retire and have a young toyboy during her elderly years. Sad but true.
 
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My day plan in retirement:

06h30: walk dog, listen to podcasts
07h30: cook breakfast, read news, eat
08h30: shower
09h00: troll BusinessTech threads
10h00: run errands
12h30: argue with people on the internet
13h00: cook lunch, eat
14h30: YouTube, trolling
16h00: afternoon walk for dog
17h00: start drinking
 
Cius said:
Hoping to. Have some plans for after retirement. Gonna be tight though. The banks retire people at age 60 which is a bit early. I would like to probably aim for 63. The extra 3 years of earnings and not drawing down your pension can make a big difference. For those that don't know how it works when you retire most people would buy into a financial product that ensures income for life, increasing with inflation. What you get is determined by a two column table essentially. Column one is age, column 2 is % you get out per million at that age. If you retire at say 55 instead of 63 it can halve your monthly income. When my dad retired I think he got an amazing rate from the in-house scheme of 7.6% per million. He checked Old mutual too and it was more like 6.5% per million at age 63. Thing is if you delay retirement your nest egg grows more, and your age on that table goes in your favour.
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My mother retired at 60 four years ago and does not regret it. She keeps herself occupied with hobbies though and still drives around.

It works for some.
 
Cius said:
Hoping to. Have some plans for after retirement. Gonna be tight though. The banks retire people at age 60 which is a bit early. I would like to probably aim for 63. The extra 3 years of earnings and not drawing down your pension can make a big difference. For those that don't know how it works when you retire most people would buy into a financial product that ensures income for life, increasing with inflation. What you get is determined by a two column table essentially. Column one is age, column 2 is % you get out per million at that age. If you retire at say 55 instead of 63 it can halve your monthly income. When my dad retired I think he got an amazing rate from the in-house scheme of 7.6% per million. He checked Old mutual too and it was more like 6.5% per million at age 63. Thing is if you delay retirement your nest egg grows more, and your age on that table goes in your favour.
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depends on guaranteed vs living annuity, right?
 
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