Deleted
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Panama
Mar 10, 2022 18:26:15 GMT
Post by Deleted on Mar 10, 2022 18:26:15 GMT
I'm a bit rushed today, but sometime tomorrow I'll try and write a sensible review of what I did, what I think about it, the changes it brought and the pros and cons. If that would be helpful, of course.
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Rob
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Panama
Mar 10, 2022 18:32:02 GMT
Post by Rob on Mar 10, 2022 18:32:02 GMT
I was lucky eduction wise - I went to a Welsh bilingual school which was way better than the local comprehensive. Downside was the journey to/from school each day (an hour each way).
My wife hate's her job now because of the public she deals with. They are really awful at times. I dislike my job and have done for a while - more senior but less knowledgeable people make poor decisions and you have to deal with any fallout or making something work with one hand tied behind your back. I am reasonably well paid and get a decent 10% company contribution to the pension fund.
But life is for living and hopefully we have enough saved and will hopefully rent a UK property out for an income and have somewhere to shield some of our money. Step-children are sorted because of their father giving them well over £100k each but then he's worth many millions. And then they inherited more than that too. So no need to leave them anything or give a deposit. So my plan is to try Greece if we can.
Now need to turn attention to selling this house.... and a bit of a curve ball is the new neighbour wants to build and extension and convert the loft. So selling when that's happening. There's also some things I'm not happy about with the plans. Maybe I can ask some of you for your wisdom - first thing is to sort out the party wall agreement.
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Panama
Mar 10, 2022 18:54:09 GMT
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Post by dixinormus on Mar 10, 2022 18:54:09 GMT
⬆️ That would be hugely helpful Mr. Chile.
Also keen to understand why, having forged an interesting life in far-flung countries over many years, you feel the pull to relocate back to the UK. (Daughter uno won’t be in Reading forever?)
Makes me feel old just thinking about retirement! Weird eh?
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Rob
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Panama
Mar 11, 2022 0:36:08 GMT
Post by Rob on Mar 11, 2022 0:36:08 GMT
I second the 'that would be helpful' response.
Although I hope I can get away without a car for the next few months (using the Seicento locally), I might pop to look at some cars anyway whilst I still have mine to go further afield. Or maybe I could 'borrow/rent' something from someone with a spare car short term.
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Panama
Mar 11, 2022 9:04:09 GMT
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Post by Humph on Mar 11, 2022 9:04:09 GMT
If you were to buy something from a private seller that was functional, up together and cheapish, you’d probably not lose much when you came to sell.
Jap, manual and petrol probably, as they say.
Either that or just buy something outrageous and have a bit of fun with it for a few weeks/months eh? 😉
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Panama
Mar 11, 2022 9:14:32 GMT
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Post by Humph on Mar 11, 2022 9:14:32 GMT
Retirement though.
I’m mostly in favour these days.
But, then again, I’ve had a great week this week, my industry being quite good fun and pretty lucrative when it’s on form. Been working flat out and long days but it’s all been going well enough to be worth it both commercially and socially.
I’d miss those elements quite a lot I suppose.
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Deleted
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Panama
Mar 11, 2022 17:24:35 GMT
Post by Deleted on Mar 11, 2022 17:24:35 GMT
Firstly to correct something I guess I wasn’t clear about.
I don’t want to relocate to the UK at all, but I have had enough of being so far from it. I don’t feel any particular need to live there, but sometimes I went to spend the day / evening / weekend there and as you well know that is simply impractical, time consuming and F.Off expensive when you're so far away.
I shall be in Reading and Bath getting the girls settled in their own right which I think will take about 2 years, and then I shall leave. To Europe somewhere, as I say I wish to remain in reach, but as yet undecided where. There are a couple of likely alternatives, but the mind is not closed.
I have no longer any wish to travel. Anywhere in the world I wished to go, I have already been. Anything I wanted to see, I have already seen. What I haven’t seen or been to may well never get done. It’s all about lifestyle these days.
I am currently writing the “Why I retired at 47 and what it’s been like” post, but it seems to be more complex and involved than I thought. And there’s rugby, you see. So I think I shall post something on Sunday, sorry if that inconveniences.
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Rob
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Panama
Mar 11, 2022 19:53:50 GMT
Post by Rob on Mar 11, 2022 19:53:50 GMT
Thanks for taking the time to write this. I for one appreciate your efforts and I won't be the only one.
I probably have a lot less money than you to retire early but I'm a bit nearer getting access to a pension pot in 2025. Although that's come down a bit in recent weeks which isn't a surprise. It came down because of Brexit and recovered a bit but now dipped. Still have a final salary pension pot but that pays out a crap pension amount considering how much I could in theory transfer out to somewhere else.
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Panama
Mar 12, 2022 3:57:08 GMT
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Post by dixinormus on Mar 12, 2022 3:57:08 GMT
No rush Chileno, whenever you get round to it is fine. I’m not planning on making any irrevocable decision for a few months yet!
Am warming to the idea of jacking it all in though, especially after supping a few cold ones on the terrace watching the sun set last night. Quite happy to leave NZ and go walkabout for an indefinite period and see how I feel. Panama’s attraction seems to magnify the more research we do.
Of course Vlad could scupper everyone’s plans, especially in the northern hemisphere. The economic ramifications of what’s already happening appear to be global, though...
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WDB
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Panama
Mar 12, 2022 13:46:08 GMT
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Post by WDB on Mar 12, 2022 13:46:08 GMT
Sadly, yes. A lot of the investment assumptions our retirement savings are built on are being hastily remade.
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Panama
Mar 12, 2022 20:13:25 GMT
Post by EspadaIII on Mar 12, 2022 20:13:25 GMT
Presumably TC, you have the right to live in Europe once you have done sorting the girls out?
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Panama
Mar 17, 2022 8:24:44 GMT
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Post by dixinormus on Mar 17, 2022 8:24:44 GMT
Decision made to auction the house in a few weeks time. If it meets its reserve price then here we go....!
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WDB
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Panama
Mar 17, 2022 8:31:00 GMT
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Post by WDB on Mar 17, 2022 8:31:00 GMT
I’ve got 75p and about 120 roubles left over from a trip ten years ago, so you’re welcome to all that. I’ve been enjoying the pictures of NZ scenery during the cricket coverage — especially Queenstown and Mount Maunganui. And the covid barriers come down in May, so I’m on my way.
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Panama
Mar 17, 2022 17:07:38 GMT
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Post by dixinormus on Mar 17, 2022 17:07:38 GMT
From May onwards you’ll be in rugby season with skiing coming up. Queenstown will be full of Aussies...
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WDB
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Panama
Mar 17, 2022 18:16:25 GMT
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Post by WDB on Mar 17, 2022 18:16:25 GMT
No problem. We’re now being told that maintaining a sustainable carbon footprint means one long-haul flight every eight years. My last one was in 2014, so I’m almost due another, but it’ll be a long wait to get home. I’ll have plenty of time to explore all NZ’s options.
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