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Retirement- what would you do?

Discussion in 'Personal' started by netsy2, Sep 8, 2011.

  1. I am retiring at Christmas after 22 years of primary teaching in my present school (last few years part-time) and 37 years altogether.
    I am one of the last to be able to do so at 60. My 60th birthday is actually on the last day of term, so it was meant to be.
    People keep asking me what am I going to do. I am tempted to say nothing, but the expected answers seem to be; travel, golf, gardening, write a novel, downsize, move to the seaside. What would you do? And what would you spend the £44 000 lump sum on?
  2. essentiallyprincess

    essentiallyprincess New commenter

    I am an unemployed NQT so other than grabbing your job and paying off my student loans not sure.
  3. bombaysapphire

    bombaysapphire Star commenter

    I would tell everyone that I was going to do research for a book about being an escort in your 60s. Similar to Belle de Jour but from an OAP perspective.
    That or tell them the truth - that you don't know yet.
    When I retire I will move to the countryside, get a puppy (or two) and spend all day walking it (or them) then all night socialising it (or them) in the pub.
  4. Crowbob

    Crowbob Senior commenter

    I shall wear purple.
  5. dusty67

    dusty67 New commenter

    with a red hat???
  6. tell them to stop being so nosy!
    If I ever get to retire, I shall be busy doing all the things that work currently gets in the way of.
  7. catmother

    catmother Star commenter

    I would jump for joy,"free,free at last".
  8. Anonymous

    Anonymous New commenter

    I'm hoping that I'll be able to go earlier than 60 if my LA is still allowing early retirement in a couple of years - life is far too short!
    If I were retiring now, on a full pension and full lump sum, I'd be off, like a shot, on an extended trip round friends and family in Australia. I had the best time every when I was there in 2000 and I'd love to do it again!
    I have several friends who've taken early retirement and none of them would have time to work now and they all look years younger than they did immediately before they retired!
    Whatever you choose to do, make the absolute most of it and have a ball! You're a very long time dead!
  9. Well !! I am already there! Had to finish at 55 to look after my lovely sister. Having so much fun!!
    So relaxing just being able to choose how your day goes! E.G. if into a really good book then all you want to do is continue reading it to the end so wake up put on a pot of coffee bring up tray and enjoy!!

    Life is so less complicated! next week we are off to France for a month because it is so much cheaper out of school holidays!!

    Bliss Bliss Bliss !!
  10. Get a flat on the edge of Brighton (walking distance but not where people will be puking on the pavement under my window) with my husband and enjoy the seaside and the slightly seedy edge to life there.
  11. Lara mfl 05

    Lara mfl 05 Star commenter

    Ooh lucky you, I come into the new ruling by just 19 days! Then, they've now decided we can't retire on our birthday, oh no, have to wait a further 6 months! So I'll be 65 and a half! And with not being permanent staff my pension & my lump sum is negligable, so I'll still have to try & find some work to afford to live - if there's any work out there of course.
    As to what you're going to do with your well-earned retirement, just say you'll take things as they come & decide when you get there.
    Happy retirement.
  12. It seems some of us choose retirement while others have it thrust upon them. Having been made redundant last year, I was at an age when I could have applied for ARP, but since my career has the usual 'bringing up children hole' in it, if i had done so it would not have amounted to much, so I decided to let it mature a bit longer. I thought that I would do supply for a few more years; another illusion burst when I tried that.

    If I could retire, I think I would just think aboout fit or a while, then decide what I wanted to do (any my purse support.)

  13. The joy of retirement is that you don't have to <u>DO</u> anything if you don't want to!
    The most blisfull part for me (who retired after 30 yrs at just 51, luckily!) is not joining the rat-race in the morning. I get up early still but then have the complete and absolute joy of doing <u>S.OD</u> <u>ALL</u> over a lazy brekkie!
    This morning at 8 am I was jiving around to tunes on VH1 as part of my new-found exercise lark. I was shakin' it like Nicole Scherzinger and prancing around as Olly Murs told me his heart skips a beat when I am around...[​IMG] Not nice for the onlooker but great for me....Later I am having three friends round for coffee....so house-tidying is happening soon. So, no earth-shattering life-style, just an enjoyable one, without too much (killer) stress.
    The lump-sum paid off bits and pieces of debt, funded some great holidays and paid for an extension to the house.
    I have no great plans...just to enjoy my days and thank my lucky stars I no longer have to teach.
  14. angiebabe

    angiebabe New commenter

    This is interesting for me as I am now in the same happy boat. I am into my first week of 'official' retirement and the best thing so far is not waking up to an alarm clock!!!!
    Am interested that you were able to spend all of your lump sum AA - does that mean you can manage on your monthly pension or do you have a partner with an income. Don't answer that if you feel I am prying. I am just worried that I won't be able to cope.
  15. Let's just say I wouldn't be able to do very much at all socially if I didn't have my fiance. He funds my social life/holidays, which doesn't rest easy with me at all. I have always paid my way as a matter of pride...I have been very independent all my working life (one salary)..and the pension is a tiny fraction of my earnings. I get by but I have tightened my belt considerably at home. Fortunately I have never been high maintenance!
    Over the years I have earned enough to get the house right but I STILL have a mortgage because I stupidly remortgaged just before I became ill and had to retire! Bad timing is my forte! [​IMG] Not a lot left over every month - some months are VERY tight - but being poor is SO much better and easier than being stressed!
  16. lindenlea

    lindenlea Star commenter

    When someone asked me what I was going to do I said "get a life!" and that's basically it. I volunteer, keep healthy with various classes, go walking, go to the theatre / concerts / festivals, spend valuable time with the family. Never felt the urge to take more holidays - I want every day to be a good day - but love the ones I take.
    Now the lump sum will make it possible to move nearer the family which is a good plan for the long term.
  17. Unfortunately, my husband lost his job 18 months ago, when the company for which he worked folded: if that was not enough, his pension died with the company.
  18. jacob

    jacob Lead commenter

    I have to say weel done you, congratulations on a job well done and a lifetime spent. As to what I would do, it would probably involve travel motorcycles, steam engines, and finally getting a herd of pets.
    44 grand may sound like a lot but isn't really, you can be foolish with it, or sensible, or a mix of both. Investments at the moment give much less than inflation. It is difficult to advise on that, but you could put most of it on the premium bonds, the odds are better than the National Lottery.
  19. angiebabe

    angiebabe New commenter

    I didn't get 44grand! How come?
  20. eread1

    eread1 New commenter

    I'd probably tell my colleagues what I really thought of them! LOL

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