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Retirement.....what next?

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Retirement.....what next?

Old 10th Apr 2015, 21:25
  #101 (permalink)  
 
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Danny42C

Congratulations on 43 yrs pension - next target has got to be 50 yrs. Then I will try to equal that. But that will still only be the same as my working time " in blue ".
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Old 10th Apr 2015, 23:22
  #102 (permalink)  
 
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I kept seeing occasionally, a sign in cars' rear windows stating:

ONE LIFE...LIVE IT.

Then one day, not too long ago, I saw this:

One life...live it (on the front windscreen) and on the back window:

ONE WIFE...LIVID.

To each of you practicing retirees: live long and prosper
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Old 11th Apr 2015, 10:18
  #103 (permalink)  
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But think of #2 (or more) wife, married at 54/22, she could draw the widows pension until hubby was equivalent of 125 or more.

Not sure what the latest rules on remarrying are but you 50 year old on PA are hot properties.
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Old 12th Apr 2015, 00:23
  #104 (permalink)  
 
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PN

The plan was to die in bed with my 18 year old second wife on my 105th Birthday. I would have then had 50 years pension, and she should be good for at least another 50 yrs as well. 100 yrs pension - that will teach the b******* for not promoting me!!!!

Chances of finding an 18 year old when I am 105 on a Spec Aircrew pension??
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Old 12th Apr 2015, 06:07
  #105 (permalink)  
 
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There's a spring chicken/toy boy/fair use clause in '05 contributions, I'm not sure about '15 but it'll be in there too I'll be bound. If your spouse, civil partner or eligible partner is more than twelve years younger than you, their pension is reduced by 2.5% for every year over twelve years he or she is younger than you (subject to a max of 50%).
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Old 12th Apr 2015, 07:18
  #106 (permalink)  
 
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Al R

Can you please give a little more info on this quote from you in your post #60?

"AFPS 15 offers the chance of commuting income at state retirement age for yet another lump sum if that's preferable too."

Thanks

OAP
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Old 12th Apr 2015, 07:36
  #107 (permalink)  
 
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Chances of finding an 18 year old when I am 105 on a Spec Aircrew pension??
Perhaps in Atlanta, GA........ ??
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Old 12th Apr 2015, 08:00
  #108 (permalink)  
 
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Chances of finding an 18 year old when I am 105 on a Spec Aircrew pension??
Bankok, but have a check south of the equator before you commit!

CG
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Old 12th Apr 2015, 08:22
  #109 (permalink)  
 
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OAP

If you leave before 60, your '15 benefit is an EDP stream, which only becomes a pension in payment at your state retirement age. At that point, you can convert up to 25% into a lump sum. It won't be much for most reading this.

If you don't serve until 60, your accrued deferred '15 benefits have already been quietly linked to the state retirement age anyway. So, preserved '15 benefits will be shifted to the right automatically if (when?!) state retirement age also shifts to the right.

Top of page 11: https://www.gov.uk/government/upload..._FAQs_V140.pdf

Interesting(ish) for those retiring to the Channel Islands: Guernsey has recently raised its state retirement age to 70 (as well as other measures).

http://www.gov.gg/CHttpHandler.ashx?id=94029&p=0
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Old 12th Apr 2015, 09:17
  #110 (permalink)  
 
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BEagle

Thanks for that, I nearly choked on my breakfast cereal laughing.

The 18 year old would probably be the great grand daughter.
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Old 12th Apr 2015, 10:05
  #111 (permalink)  
 
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I retired (PVR'd) at 58 years old and did not a lot for 6 months. Then the boredom arrived. I decided to go back to part-time paid work:

1. As a Registration Officer Ceremonies (ROC) for local Council. This involves marrying people, Civil Ceremonies etc. £10 per hour + 45p/mile. Great job and you can work as little as you want. It is mainly weekends though. You see all walks of life and the need for attention to detail and time awareness (just like RAF), as you may be doing 3 weddings 2 hours apart.

2. Seasonal but again great fun--invigilating exams at a local Independent school £10 again. Keeps you young and in touch with young adults-even though they see me as a fossil!

3. Playing on the AIM -- but beware it is Cowboy Country--do your own research and don't gamble the farm!

Good Luck all-just a few ideas of what I do--hope it helps someone.

PM if you need more info.
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Old 12th Apr 2015, 17:46
  #112 (permalink)  
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Tengah, don't you have to be wed to your bimbo before you retire? Maybe find a 12 year old in some sand pit. She would be every so grateful though you might have to abstain for the first 4 years
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Old 12th Apr 2015, 20:46
  #113 (permalink)  
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Maybe find a 12 year old in some sand pit. She would be every so grateful though you might have to abstain for the first 4 years
PN.....I would have spat my tea out had I not already done so thanks to cg:

Bankok, but have a check south of the equator before you commit!
I suspect we're speaking from experience here gents? Cheeky......very cheeky!!!

MD
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Old 12th Apr 2015, 21:54
  #114 (permalink)  
 
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Maybe find a 12 year old in some sand pit. She would be every so grateful though you might have to abstain for the first 4 year
Sand pit prophet seemed to think 9 years of age was an acceptable lower limit.
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Old 13th Apr 2015, 01:17
  #115 (permalink)  
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I left the RAF aged 41, worked on my own projects 'till 45. Quit the rat-race and retired.


My wife still works, her choice. I never wish to work for anyone else again...I was forced to work with enough.....we'll leave that though.


I'm more than happy looking after our little girl (My wife is only 7 years younger than me, and is not from SE Asia), and restoring my collection of classic cars. I have a 64 Mustang and a 67 E-Type on the lifts at the moment. When they are finished (about 10 weeks) they'll join the other 12 in the barn. I don't sell them.
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Old 13th Apr 2015, 08:50
  #116 (permalink)  
 
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Originally Posted by Al R
Interesting(ish) for those retiring to the Channel Islands: Guernsey has recently raised its state retirement age to 70 (as well as other measures).

http://www.gov.gg/CHttpHandler.ashx?id=94029&p=0
In that context, Guernsey now has a shrinking population [due largely to emigration] which makes it even harder to fund the burden of the aged.
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Old 14th Apr 2015, 06:47
  #117 (permalink)  
 
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CG #108

From visual demonstrations, in the old Bugis Street and in Patpong, the result of the full mod looks pretty convincing. However I do not have any "Hands On" experience to confirm.

PN #112

A couple of years ago my divorce lawyer informed me that the law had changed, and my ex had to be given 50% of my Occupational Pension, and that if she remarried the new husband was entitled to 50% of that!! So, I guess the same applies to me.

"12 year old from the sand pit" sounds a bit too close to Gary Glitter territory to me.
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