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Post by quadfather on Jun 15, 2024 10:50:52 GMT
Sounds like we should all get together and go bowling.
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otto
New Member
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Post by otto on Jun 15, 2024 10:51:19 GMT
I'm there in terms of not really wanting to climb much higher, too much faff and loads more work, but I'm 42 and have to battle feelings that I should be aiming higher. I have peers that are director and VP level and I need to stop comparing myself to them. I'm well paid, happy enough (doing a career I'd rather not, but mostly enjoy the work) and have finally found a work life balance that is right. If I could retire now though you bet I bloody well would. That’s totally relatable. It’s such a load off when you reach the point where you can accept that you won’t rise further. That was a big Brexit silver lining for me - as a UK eurocrat it was perfectly reasonable to forget about further promotion. |
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dmukgr
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Post by dmukgr on Jun 15, 2024 11:13:12 GMT
So what do people reckon they need to retire? I’m like Doug’, constantly checking my spreadsheet and think three more years.
Mind you, the job security is zilch at the moment and I worry about having to move elsewhere before crossing the line. Especially as I think I’d struggle to get my current salary anywhere else.
Overall I think I need 40k a year for me and the mrs (who doesn’t work, and no pension)
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otto
New Member
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Post by otto on Jun 15, 2024 11:13:55 GMT
If I’m honest with myself, the period where I could and should have really pushed for a career was the period when I was spending most time spamming the EG forum, 20/25 years ago. So really it’s your fault.
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Post by quadfather on Jun 15, 2024 11:27:19 GMT
They say that at around 60, you should have about 6-11 times your yearly salary saved.
I don't know if that factors in private pensions and/or if you've qualified for full state pension
I do need to start looking at this and have reminders to do it
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cubby
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doesn't get subtext
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Post by cubby on Jun 15, 2024 11:34:27 GMT
6-11 is quite the range...
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Post by quadfather on Jun 15, 2024 11:56:02 GMT
Yeah it's a bit mad. I think it's related to how many other pensions you have.
I'm qualified for full state pension at whatever age it's going to be when I get there and 3 private ones but they'll last about half an hour so I guess it's working till I can obtain state pension and then obviously get hit by a bus the day before I can take it out.
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Post by Dougs on Jun 15, 2024 12:00:14 GMT
A lot depends on when I can pay the mortgage off really. Plan has always been to get it down to such a level that I can pay off the remaining with a lump sum that I'll get at 60 (also when I can take my work pension). I could continue until 67 and have a very good pension, but fuck that.
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Frog
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Post by Frog on Jun 15, 2024 12:03:46 GMT
Haha fucking hell, I probably won't even have one year of my salary saved at 60. Which is a concern as my salary is shit.
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Vortex
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Harvey Weinstein's Tattered Penis
is apparently a mangina.
Posts: 5,406
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Post by Vortex on Jun 15, 2024 12:06:18 GMT
Ditto with Dougs. Could go to 67, but can go at 60, so will likely do that.
Tertiary education & research situation is not likely to get better in the next decade, so totally eyeing thst exit sign.
Further promotions are off the cards, so coasting on in. If the work situation of people leaving all the time allows much of that...
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JonFE
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Uncomfortably numb...
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Post by JonFE on Jun 15, 2024 12:40:08 GMT
I didn't want to be too graphic, so as to not upset the younger members of the forum. I seriously doubt anyone here is younger than JuniorFE and I'm pretty sure he has had his fair share of graphic images/videos over the years, at least after I unsubscribed from NetNanny  |
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Post by retro74 on Jun 15, 2024 12:46:04 GMT
Haha fucking hell, I probably won't even have one year of my salary saved at 60. Which is a concern as my salary is shit. Surely that is the same for most people? They’ll most likely have assets (such as a house / car) to that level but who the heck has a years salary sat in their bank account? I do but that’s only because I was made redundant at the end of 2023 That 6-11 years worth must include pension pots |
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Frog
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Post by Frog on Jun 15, 2024 12:47:17 GMT
I'm including my pension 😭
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Post by JuniorFE on Jun 15, 2024 13:00:21 GMT
I didn't want to be too graphic, so as to not upset the younger members of the forum. I seriously doubt anyone here is younger than JuniorFE and I'm pretty sure he has had his fair share of graphic images/videos over the years, at least after I unsubscribed from NetNanny Now that's a blast from the past... It wasn't "protecting" me all that much even while you still had it up  |
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Post by technoish on Jun 15, 2024 14:26:59 GMT
Just did our long term financial planning a month or two back. Did a proper budget for first time really, with how much we should spend a month, how much on holidays. We are targeting retirement at 55 from main jobs. Involves saving quite a high % of income, and paying house off earlier than our initial 29 year mortgage would have suggested . We shall see how successful we are! (I expect not very). How much you should have when you retire depends entirely on when you want to retire, and the lifestyle / outgoings you want to sustain. You need a lot more at 50 than 70, duh. |
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askew
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Post by askew on Jun 15, 2024 14:36:13 GMT
Don't forget all the discounts you get on your bus travel, heating, TV etc etc.
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Post by LegendaryApe on Jun 15, 2024 15:12:51 GMT
I seriously doubt anyone here is younger than JuniorFE and I'm pretty sure he has had his fair share of graphic images/videos over the years, at least after I unsubscribed from NetNanny Now that's a blast from the past... It wasn't "protecting" me all that much even while you still had it up My main takeaway from this, is that JonFE hasn't had it up for a while. And yes, I mean that he is old and also his penis is old. |
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Post by drhickman1983 on Jun 15, 2024 16:14:20 GMT
I have no real desire to climb the career ladder as I'm just indifferent. I could do with the extra money but I don't think I'll enjoy having more pressure and accountability for something I don't real passion for.
I'm not going to get hired for something I feel indifferent about anyway.
But that money would sure be useful.
Chance of me being able to retire is pretty slim, though honestly it's the only thing I want to do.
At least I'm mortgage free (in that I don't own a house and it's highly unlikely I'll ever have a big enough deposit to get one).
Just need this premium bond to mature. Any day now.
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Post by quadfather on Jun 15, 2024 16:31:19 GMT
Fuck me, that was a tough day at work. I'm getting pissed.
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JonFE
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Uncomfortably numb...
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Post by JonFE on Jun 15, 2024 17:36:42 GMT
Now that's a blast from the past... It wasn't "protecting" me all that much even while you still had it up My main takeaway from this, is that JonFE hasn't had it up for a while. And yes, I mean that he is old and also his penis is old. Sad but true... Same goes for my chances for retirement... |
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Post by LegendaryApe on Jun 15, 2024 18:17:38 GMT
My main takeaway from this, is that JonFE hasn't had it up for a while. And yes, I mean that he is old and also his penis is old. Sad but true... Same goes for my chances for retirement... Combine the two. Become a sex worker to raise funds towards your retirement. |
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JonFE
Junior Member
Uncomfortably numb...
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Member is Online
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Post by JonFE on Jun 15, 2024 18:23:45 GMT
Nobody sane would fancy me...
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cubby
Full Member
doesn't get subtext
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Post by cubby on Jun 15, 2024 18:25:55 GMT
My next step career wise is to essentially run the company I currently work for, which is a bit of a daunting prospect. But my boss, the owner, is essentially guiding me towards that path when he inevitably has to take things a bit easier. I already run a huge chunk of it as it is, I guess, but I don't currently have the stress of worrying about finances in the same way he does.
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Post by LegendaryApe on Jun 15, 2024 18:28:59 GMT
Nobody sane would fancy me... I do...your calves are spectacular |
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Frog
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Post by Frog on Jun 15, 2024 18:33:50 GMT
And you have a magnificent cock, or is that a chicken, I can't quite tell from here.
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Post by LegendaryApe on Jun 15, 2024 18:39:46 GMT
And you have a magnificent cock, or is that a chicken, I can't quite tell from here. yeah, the webcam feed can have poor quality sometimes |
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cubby
Full Member
doesn't get subtext
Posts: 6,378
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Post by cubby on Jun 15, 2024 18:48:34 GMT
I didn't realise you guys are also Net Nanny level patrons on his OF too!
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Post by LegendaryApe on Jun 15, 2024 19:12:03 GMT
I didn't realise you guys are also Net Nanny level patrons on his OF too! I had to, the autographed mankini was something I couldn't live without |
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Tomo
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Post by Tomo on Jun 15, 2024 19:40:27 GMT
38...
Talk of pension modelling is foreign and terrifying to me. Urgh.
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Post by Dougs on Jun 15, 2024 19:42:44 GMT
You wait, young padowan.
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