Connect with like-minded professionals and have your say on the issues that matter to you.
Don't forget to look at the how to guide.
Discussion in 'Retirement' started by onmyknees, Oct 15, 2017.
Just that really......
As much as I don't go until Christmas, 2 or 3 weeks after I'd handed my notice in I did regret it a lot of the time but not so much now
I have not regretted having an inflation linked magic money pension tree since retiring. I still do some supply. I have no regrets about the decision to retire from full time permanent teaching.
Don't get talked into going back if you don't really want to...
It’s been nearly a year and I don’t regret retiring from headship at all. It has been made easier by taking a part time role where I still use my professional skills. It’s very liberating to know that I could retire from that as well if I wish.
Only when the bills come in.
I went 0.4 from September and with O***** on it's way and associated neuroses I penned my final letter this weekend to leave at Christmas. This is already lifting the clouds to see new possible futures of which there are many.
Absolutely not! I love retirement, I'm really busy but it's with what I choose to do. Sometimes I choose to go into school (on a voluntary basis) and sometimes I don't. I choose a much healthier lifestyle, life is good.
Not for one second!
..............regretted your decision to retire?
I'm struggling to understand this concept
Absolutely not. I am so grateful to be out of the toxic environment. The pension is enough to keep us going so anything I earn on top is for fun stuff. I have never felt so free from stress and in control of my life.
Absolutely not!!! Am really enjoying retirement and choosing what I want to do and when to do it.
I'm counting the years. Regretting I'm not close enough
Thanks for your comments so far. I think my concerns are around the fact that if I go at the end of this school year at 60, I will still have a mortgage, and will still have 'grown up' children in their early twenties living at home-one, of whom is financially very dependent on me. My job doubles up as a social life- we all get on brilliantly, but I have aging parents who need more support. My job is huge- I don't class teach any more and the workload is ridiculous, but I still love it. I just don't know!!!
The finances situation should be reasonably straight forward to work out ( there are a number of threads discussing this.)
The more difficult thing is the social side. There are plenty of opportunities to do things, but I have found much of them to be fairly similar and the range of my acquaintances etc has reduced i.e. the people i meet tend to be like me i.e. Middle-aged, middle class, similar outlook, attitudes etc. This may not matter to you but I miss the regular, meaningful contact with a range of ages at different stages in their lives and their problems and outlook.
Perhaps, depending on the finances , you need to think not so much about retiring from ...... but starting a 'new job' albeit an unpaid one ( perhaps a para-education role or CAB volunteering. )
Alternatively if you are not really ready to retire (and it does sound like it) then could you go part time or change role for a few years. This would also enable you to 'wind down' to full retirement, possibly building up your new life as you go
I have aging parents with serious medical problems and that was a major factor in leaving teaching permanently this year aged 55. The social side has never been a problem. You will find things to do and people to socialise with.
You say you don’t know. Have you actually done the detailed financial projections yet, money coming in if you retire v money going out?
Having the best time of my life.
Have arranged some retirement financial planning advice over half term. I guess that will play a huge part in my decision.
@onmyknees . Sounds as if you're perfectly happy in your job. You still have financial commitments - although I can't completely understand why a 20 something is financially dependent on you. I can't really see why you are considering retirement just yet, unless your parents are getting really ill. I would set a later date ...give it another year at least or consider going part time. Retirement is great and I couldn't get out quickly enough at 57, but it sounds as if you are very happy and fulfilled in your post and cannot afford to take a reduction in salary. 60 is just a number, after all.
It does sound as if workwise you are in a good place - you enjoy the job and enjoy your workplace. Sounds like a relatively senior position, so I'm guessing you are well paid.
Outside of work you have the pressure of elderly parents who may be ok at the moment, but that could change quite quickly as many of us know. You also have 20something children who seem to be dependent on you, a not uncommon scenario these days.
You could reduce your hours so that you have more free time to develop your outside interests. Or you could plan to retire at 60. I'm sure you've listed the pros and the cons of your options and if that hasn't helped, how about the old coin toss - heads you stay, tails you leave - and then see if you feel a sense of disappointment with the result.
I enjoy having the time and being able to relax. So no regrets for me.
I'm taking early retirement at Christmas at the age of 58 with 36 years service. I've enjoyed my career but the last twelve months have been a struggle because my interest and enthusiasm has gone. Obviously, the teacher's pension is less than my salary but I feel at this time in my life my own personal mental well being is more important than finance The pension gives me options - which I like..!! Retirement from teaching will mark the end of one chapter in my life , but more importantly the opening of a new one and I'm really looking forward to taking some ' time out' and the new & exciting times a head..!!!!