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Topic Originator: ipswichpar
Date: Tue 10 Jun 08:29
I`m thinking about stopping work at 50. A privileged choice to be able to consider in some ways but it comes with some challenges too.
Has anybody worked through this decision and have some good references that helped them make this decision?
I`m most concerned about lack of social interaction (working with the right people has been really enjoyable), missing out on lot of mental stimulation and missing out on the health benefits of work.
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Topic Originator: jake89
Date: Tue 10 Jun 08:41
Massively envy you. Never likely to be in this position but could you maybe do some voluntary work? It`s that or take up day drinking.
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Topic Originator: Dave_1885
Date: Tue 10 Jun 08:57
As Jake says, go volunteer in a charity shop a few hours a week - most of the ones round here are consistently busy these days, so wont be short of chat.
Wish I could retire at 50 - unfortunately 14 years is nowhere near enough time to get the money needed š be lucky to even make retirement age anyway!
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Topic Originator: ipswichpar
Date: Tue 10 Jun 09:23
Cheers....I`ve tried to offer my services to a few charities but I`ve been told to jog on. I was warned my a few consultants that trying to get into charities (even if offering my help for free) was likely to be close to impossible given a level of protectionism. That`s proved to be true.
Perhaps I need to change my expectations a bit so I`ll have a look and see if there`s anything more suitable they would be interested in.
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Topic Originator: Raymie the Legend
Date: Tue 10 Jun 09:31
Ipswich, what about scaling back to a wee part time job with no stress?
Thatās what Iāve done.
I wouldnāt do voluntary work if you paid me. Barrump ching.
It`s bloody tough being a legend
Ron Atkinson - 1983
Post Edited (Tue 10 Jun 09:32)
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Topic Originator: ipswichpar
Date: Tue 10 Jun 10:10
I`ve been having a wee look Raymie for the past few months and it`s a bit of a challenge out there in the market, and having a decent career is actually counting against me in some instances.
Living with pants public transport and losing my driving licence is a bit of a challenge.
If I knew there were roles available in a month or two I`d keep going at it quite happily but it`s bloody hard work and I`m feeling like I`m wasting time looking for a job that I don`t desperately want.
Setting myself a plan to get something part-time arranged for September but also planning in an enjoyable summer sounds like a good idea.
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Topic Originator: Raymie the Legend
Date: Tue 10 Jun 10:29
Ah, not being able to drive and poor public transport restricts you a bit.
Hopefully, you can find something, perhaps a remote job that allows you to work from home with a PC and phone?
Teams calls are common now, post Covid, so lots of people can conduct their business that way
It`s bloody tough being a legend
Ron Atkinson - 1983
Post Edited (Tue 10 Jun 10:30)
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Topic Originator: AdamAntsParsStripe
Date: Tue 10 Jun 11:28
Thereās lots of part time work available in the likes of Tesco or other supermarkets
A couple days a week. Plenty of interaction to boot.
Zwei Pints Bier und ein PƤckchen Chips bitte
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Topic Originator: parsmad68
Date: Tue 10 Jun 13:00
Quote:
AdamAntsParsStripe, Tue 10 Jun 11:28
Thereās lots of part time work available in the likes of Tesco or other supermarkets
A couple days a week. Plenty of interaction to boot.
My wife is retiring because of that interaction š¤£
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Topic Originator: OzPar
Date: Tue 10 Jun 13:10
Would there be any voluntary work available at Portman Road? Or perhaps at one of the smaller sports clubs in your district? Would you consider further education or maybe a less formal course at the University of the Third Age (U3A)? Are there any community projects currently underway that need people (eg. A steam railway, a historic boat restoration, Menās Shed, etc). The key is getting out and meeting people.
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Topic Originator: buffy
Date: Tue 10 Jun 13:15
A friend retired at 50 after selling his tech business. His wife decided sheād do the same so they now have time to spend with family and take up hobbies all year round rather than just at certain times of the year. He said itās the best thing they ever did.
I think as far as stimulation is concerned, IpswichPar, youād be able to find local charities which perhaps need volunteers to keep old folk company, or become a helper with disabled people (accompany them to the football etc), or get involved with local community garden projects?
Good luck whatever you decide.
āBuffyās Buns are the finest in Fifeā, J. Spence 2019ā
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Topic Originator: Raymie the Legend
Date: Tue 10 Jun 13:22
My daughter did this down under. She found it very rewarding. Basically, walking dogs for owners not able to.
https://www.facebook.com/story.php?story_fbid=10156867727127780&id=100064828447147[\url]
It`s bloody tough being a legend
Ron Atkinson - 1983
Post Edited (Tue 10 Jun 13:23)
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Topic Originator: Luxembourg Par
Date: Tue 10 Jun 15:20
Quote:
buffy, Tue 10 Jun 13:15
they now have time to spend with familyā¦.
Is that you making the case for NOT retiring? š¤£
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Topic Originator: veteraneastender
Date: Tue 10 Jun 16:14
I was enticed/cajoled/bribed into joining the local Rotary club when retiring.
Thought I might last a year or two at best - still there, been a good deal most of the time.
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Topic Originator: JTH123
Date: Tue 10 Jun 17:26
You`re very lucky indeed to be able to be financially independent at that age.
I`ll be 60 in January. Hearing all sorts of stories of people who wish they`d done it earlier, friends younger than me retired from civil service jobs and sad ones about people that only got 10 years or less before passing.
I was shocked at the costs involved in taking professional advice about organising pensions etc so I`ve spent the last year educating myself about it.
I must admit I think it would be hard to stop working completely unless you think you can fill your days. I`m tempted to reduce my hours and have longer weekends to begin with.
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Topic Originator: Luxembourg Par
Date: Tue 10 Jun 18:11
Joking aside - lucky (or good planning) to be able to retire at that age
My grandad fell over deid with a heart attack only a few months after retiring at 65, papa died at 72 and dad at 73 - and he was working until he got too sick just 3 months before he went.
Genetics not giving me much longevity hopeā¦
Work until 67?
Likely Iāll get less than 8 years out of it š±
However - Luxembourg has an early retirement possibility once youāve accumulated 40 years of contributions
(UK/other EU work counts, and they give credit for Uni/college years)
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Topic Originator: ipswichpar
Date: Tue 10 Jun 18:13
Thanks all. Some very good suggestions and I`ll be adding them all to the list.
Lux makes a very fair point, but I`m assured by all those at home that the challenges will be significantly harder in the opposite direction!
I know too many people at work who have worked to 60 and then passed away within a year or two of retiring.
Given my own problems over the past few years I think that the biggest challenge is actually psychological..... I know it makes sense to stop and enjoy my time for me. But a lot of life`s paths are hard when it doesn`t quite feel like it`s on your own terms.
Thanks for all the advice.
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Topic Originator: LochgellyAlbert
Date: Tue 10 Jun 19:51
Retired from Fire Service at 49yrs., 2 kids at Uni. so kept working, picking and choosing which jobs.
Worked for a stock taking company, worked in Scotland, Northern England, Wales, Northern Ireland, Eire, Spain and Germany. Been places I would never have been to, was good finishing most jobs by midday, so then on the drink.
Went to a company supplying hire cars for no fault accidents, great job, travelling all over Scotland, driving new cars, from Porshes down to Corsas.
Left due to the ar*holes in the office.
Then moved to SKY, working 3 nightshifts a week on SKY broadband, good money but boring,took redundancy money at 63yrs and stopped working.
Now running round watching grandkids and generally helping the family, it wears you down!
Moral of the story, keep working but be selective, no pressure on you, look at your pay slip and see the tax your paying, it`s shocking!š¤¬
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Topic Originator: Alter Ego
Date: Tue 10 Jun 21:08
Nearly 50 and I canāt see me stopping working untill I canāt do it anymore.
The thought of stopping work and not being out on the job speaking people and having a laugh/conversation to going being stuck in the house doing nothing apart from listening to the wifeā¦not for me and Iāll work untill my body says no moreā¦stuff sitting in a house all day pottering about in the garden..
Mon the Pars!
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Topic Originator: parathletic
Date: Tue 10 Jun 22:29
Hopefully I will be retiring at 50 too. Can`t wait, will be on the golf course,at the gym, visiting friends and on holiday regularly. Beats staring at a computer screen all day!
Why not take up a new hobby if you don`t have any existing ones?
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Topic Originator: Bouncer
Date: Tue 10 Jun 22:53
I retired I`m my 50`s.
It was like yours quite a difficult decision but the best bit of advice I got was instead of looking for reasons to do it try to find reasons not to.
Made it an easier decision for me.
I now work 7 weeks a year as an invigilator and I am on the committee of a local football team.
I`ve no regrets.
Good luck.
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