retirement

I want to be done at 60. That’s the plan.

it would take an outlandish slice of bad fortune for that now not to happen.

i will retire with my health intact.

I will retire financially comfortable that I can holiday a couple of times a year plus a couple of long weekend type breaks, be it taking in a match, festival, visiting family or just getting away.

I will retire with a nice car in the driveway and time to enjoy it and experience the road and the far flung escapades it might take me.

i will retire content and relaxed and with my eyes firmly on the future and the enjoyment of life.

Retiring young sounds great in theory. The big problem is the pension fund. You need to have enough banked to ensure you can live the way you want without an income while also whittling down the fund early.

Don't underestimate the importance of routine that work brings either. Many people in their late 50s and early 60s start to ease into retirement by working less hours.

Talk to a professional regarding retirement planning. They will tease out with you what you want and how you can achieve it. And they should do it for free (I think) if employed by the pension provider.

I am 48 and fuken burned out ,aching body from 30 years pulling and draging .I have enough to retire on but just find it very difficult to actually even slow down .Main problem is I just have not many interests or hobbies outside work .I find the work tough going this year so I will have to make some sort of a decision before too long

Its nice to have the option though. If I needed the money at that stage of my life and my health was good I'd stay past 65 no problem. I want to retire abroad so once I have enough money and the mortgage paid off I hope to be to be gone. I couldn't retire here with how bad the country is run.

Only mid 30s so haven't really thought too hard about this, but my youngest is 4 so by 50 all my kids would be adults.

The idea of retiring sounds great to me in theory but based on past experience, I get bored far too easily and I'd end up signing up for college courses and all sorts, and probably overstretching myself. I think instead I'd do as my father did before me and someone else mentioned here, try to get myself on reduced hours by 60 so that I'm only working for the routine and to avoid eating into the pension early.

But I could fully see myself doing 3 days a week up to 70, I think I'd age rapidly if I didn't have routine, be that at 50 or 70.

I've loads of hobbies but I need the structure of a workplace to keep me from spending my time flopped in front of the TV, it forces me to allocate time to my hobbies.

In saying that, I really need to revisit my pension, switched jobs over a year ago and haven't started paying into it again

Firstly how much a week would you need based on today's prices and what is your expected pension income if things go to plan?

If you delay to 65 what will pension be then?

What will partners income be, and has partner a decent pension plan etc.

Will son/dependants needs be like college, education, buying a house etc.

Do you have an idea of annual living and spending today in terms of bills and income and what could be different if retired.

Do you plan on a big world tour or year out, what is your budget for this.

Do you intend paying vhi or health insurance and what is your budget for this considering your employer may pay for it now. ?

How do you intend paying for sudden costs such as a new car, new roof on house, renovation of house etc. Remember you probably cannot get a loan if retired.

Do you intend keeping a lump sum for later life such as paying for home help or supported living.

Would you realistically downsize or move away from city?

Will you be able to pay future taxes such as increased property tax or reduction in government pension for those with private pension.

There was a landmark age discrimination case recently with Eir where they forced a person to retire when the person didn’t want to go.

person won their case. Game changer for age discrimination.

Aiming to retire at 55. House will be paid off and I have a decent pension pot.

Myself and partner are committed to emigrating to somewhere in Asia where our money will go further.

I've a few hobbies that could potentially generate an income if needed, but I don't think so.

It depends on the justification, but mandatory retirement ages are legal.

The below page outlines it briefly, and links to more info as well.

https://www.citizensinformation.ie/en/employment/retirement/older-people-and-working/age-equality-in-employment/#9c60ec

Ya should be the way to go I doubt I will be able to retire at 65 but will hopefully have something in place to be able to work part-time like 8 to 12 Mon to Friday, I am only in holiday my second week and already staying in bed till 10.30 compared to 6 when working and not going to bed till 2 ish staying up watching crap on TV, I would settle for 20 hours a week and good health and I be happy with that. Not big in to travelling as did plenty of that in my youth, drive and ambition is good for us.