Forum menu
As scotroutes wrote, nothing new there - in the last 20 years, the life expectancy at age 65 has increased by an average of 3-4 years, so 68 is the new 65 in terms of the likelihood of dying before reaching retirement
Will certainly make for a memorable lesson.
Bear in mind that when the state pension was introduced male life expectancy was 68, so the system was geared up to support people for an average of 3 years from a retirement age of 65.
My state and new civil service pensions kick in at 67 - I'm hoping to get beyond 70!
My only mid-life crisis is that my 41 year old body won't allow me to do the things that my 25 year old mind wants it to do. As for careers, until now I've never really had a career, just jobs that pay the bills, however now with the realisation that there's maybe less (hopefully) time working ahead of me than behind, I figure I should apply myself a bit more in terms of work.
It's funny cos I look around my office and see loads of high flyer tyoes in senior positions who are my age or younger, and they don't come across as very happy. Which may be something to do with the fact they all got on the career ladder straight out of uni and never allowed themselves to enjoy themselves when they were young. Thankfully that's not a problem I ever had.
Semi retirement looming for me in 2 years when I'm 47. Have to say I've had a fun and interesting time so far. Having no kids which was never a plan just the way it happened helps a lot in the not working full time stakes.
[quote=anagallis_arvensis ]Will certainly make for a memorable lesson.
As it always has. I'd put money on there being less teachers keeling over in the classroom now even if they go on until 68 than there were when I started school 40 years ago - and I can't remember hearing about when, let alone experiencing it. It's a daft argument given that changes in life expectancy mean that most people can expect to spend longer in retirement even given changes in retirement age.
It's a daft argument
It wasnt an argument but feel free to argue with yourself if you like.
What Dennis99 said. Also, I packed it all in 8 years early - not something I foresaw in my mind 40's. Luckily, I'd made a few financial provisions as well as having a superannuated, final salary pension (don't even think of starting on that!). I've, actually, taken a fair hit, financially but the lifestyle change/choice thing has been more than worth it - you cut your cloth accordingly, bin the stress and chill out.
Life's sweet.
Eh? You only retired a couple of years ago didn't you toxicsoks?
I could not cope with a 50 hour corporate job, I would probably top myself but I admire anyone who can do it - at 52 I just don't have the tolerance
One key point is making some sensible financial retirement plan. Failure to plan in this area is a plan to fail.
Got 6 and half years left in my job and cant wait until fully retired, pay a fortune into my pension and lucky to have been able to. Moral is work hard and save hard but nothing is a given, dont forget to live and enjoy life on the way to retirement.
K57 - last year, matey, which was eight years earlier than I, originally, intended.