Retirement

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Sooooo its got to the time of life, where I am planning to start gearing down. I plan to quit work and move to a hotter country.

Anyone else have any retirement plans?

 

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Id retire now if I could but I have like 40ish years left.

 

too far away to plan however I started putting aside some money towards retirement, hoping this will make it somewhat comfortable in 30 years. Can't rely on a pension, worked in different countries (hope to move to another one in few years) with no private plans etc.

What worries me more though is will I be employable in my fifties and later!

Whereabouts you'd like to retire dmarsh?

 

I will emigrate to Southeast Asia.

 

Lottery Win! Retirement sorted at 40

 

I am a couple of years away from 50, at this time there is no plan to retire, basically because I can't afford to do so, I need a couple more years of decent bonuses etc before I can really think about anything like that.

 

What would be ideal, would be for my new place to hit astronomical heights, then be bought out by Google / MS or someone so the Share price skyrockets.

 

The only pension I have is the workplace one and that only has a few hundred pounds haha.

Does anyone have any tips for retirement? Sound I get a personal pension too?

 

My only tip for retirement really would be to either die before that time (with a large endowment policy / insurance policy from work), or earn enough now to be able to pay into a pension pot that will give you enough when you do retire.

 

Property is a good investment, if it's being occupied but looking at the extra costs being thrown at people with second homes etc it may well be better off investing overseas now instead.

 

My long term goal is to get a mortgage and have my own place.

I'm currently single so my plan is to use AirBnB to rent out any spare rooms.

 

We moved late last year, it's our 2nd place, we certainly aren't in a position to purchase a second place as an investment although I do have some money sitting in those premium bonds it's certainly not enough to put into a deposit for a rental property up north, never mind anything down south / east.

 

Well we initially had a 5 year plan in the old place, that lasted 10 years, with this place it could well be the forever home (unless I make it big and manage to get a pile of land in the country with enough space for the pool house ;)) In other words chances are this place is it.

 

Oh my brother (who is 5 years younger than me) has done it, has a couple of properties here and in NZ / Oz but he and his wife work and have no kids.

I would love to have earnt his money and had his homes, he's on home # 5 or 6 now.