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Retirement Saving for retirement - questions about pensions and pension schemes, 401k's, public and private company pensions, and other saving schemes.

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  #31  
Old 02-28-2012, 02:31 PM
littleroc littleroc is offline
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Default Re: Age to retire?

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Originally Posted by chizcurlz View Post
Everyone has their own moment when they know it's time to take off. Retirement comes in our mind when we feel we are financially secure. The usual range of "full retirement age" is from 62 to 67.
Although some of us consider retirement being the time when you can work without the worry of finances, but because of fulfillment. I plan to work until I die, on my terms that is due to proper financial planning for my wife and I.
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  #32  
Old 03-06-2012, 03:46 PM
Van Gough Van Gough is offline
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Default Re: Age to retire?

When you get into your60's there is not the same incentive to get on and develop your career, so work can become boring. I am 63 and although not ready to stop work I am looking for a change from going to work 9 to 5. Time to start doing what I want to do.
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  #33  
Old 07-22-2016, 03:56 AM
Thinker25 Thinker25 is offline
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Default Re: Age to retire?

60-70 seems alright to me.
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  #34  
Old 10-20-2016, 09:51 AM
financialadvisory financialadvisory is offline
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Default Re: Age to retire?

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Originally Posted by TMBGfan View Post
There has been a lot of talk in the UK recently about retirement age as Iain Duncan Smith, the Secretary of State for Work and Pensions, has announced plans to increase state retirement age for men to 66.

When state retirement age was introduced, it was designed to give people 7 years of state-funded retirement. Nowadays life expectancy for men in the UK is 77, and women is 81. With that in mind, is it appropriate for Britons to complain about this change?

Lifestyles now, of course, are different from when the retirement age was introduced. And the planned change is not 'til 2016.
On my experience with clients the best age is 60 to 70, higher than that and you cannot enjoy your retirement anymore.
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  #35  
Old 11-16-2016, 02:27 AM
theviewabudhabi theviewabudhabi is offline
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Default Re: Age to retire?

Some countries have fixed age of taking retirement and it is indeed 60 - 70
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  #36  
Old 11-16-2016, 06:42 AM
kathykit kathykit is offline
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Default Re: Age to retire?

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Originally Posted by TMBGfan View Post
There has been a lot of talk in the UK recently about retirement age as Iain Duncan Smith, the Secretary of State for Work and Pensions, has announced plans to increase state retirement age for men to 66.

Lifestyles now, of course, are different from when the retirement age was introduced. And the planned change is not 'til 2016.
Just think about if the elderly need to work to 70somthing, it should be really tired or just cannot handle.
But of course, as I know have some program or company hire retirees as consultant or part time staff. They may not feel boring or lack of purpose.
Also not bad. The most important is need to respect their opinion.
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  #37  
Old 12-10-2016, 01:06 AM
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elizabethgrimm elizabethgrimm is offline
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Default Re: Age to retire?

In govt. service retirement age is now 66.
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  #38  
Old 02-03-2017, 05:09 AM
yourita yourita is offline
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Default Re: Age to retire?

The dollar rose today in the banks against the pound greatly as the price reached 18.90 the highest price of the dollar to banks, as the rise in the price of the dollar on the black market was also not in the banks only, where she returned yesterday the black market for the image again after the calm that dominated the banks that operate within the Arab Republic of Egypt, what was the black market traders the best of this opportunity to attract the largest number of US currency Dmkhry
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  #39  
Old 02-26-2017, 11:05 AM
DavaoAccountants DavaoAccountants is offline
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Default Re: Age to retire?

Quote:
Originally Posted by TMBGfan View Post
There has been a lot of talk in the UK recently about retirement age as Iain Duncan Smith, the Secretary of State for Work and Pensions, has announced plans to increase state retirement age for men to 66.

When state retirement age was introduced, it was designed to give people 7 years of state-funded retirement. Nowadays life expectancy for men in the UK is 77, and women is 81. With that in mind, is it appropriate for Britons to complain about this change?

Lifestyles now, of course, are different from when the retirement age was introduced. And the planned change is not 'til 2016.
Interesting post. One of our partners at virtualstaff.ph is from the UK and he has expressed thoughts on this which I'll share.

The biggest problem with state pension in the UK is the fact it was promoted as a set in stone policy, certainly many Brits were sold on the idea of "work 40 years, pay your stamps (National Insurance), PAYE etc, and live the golden years of retirement."

Why are people annoyed? The main reason is because as of Feb 2015 statistics, over 5,000,000 people were claiming welfare benefits, that's around 8% of the total population. People are annoyed because they are paying into a system, while others are milking that same system at the same time the government is telling the people paying into it "work more, work longer, pay more".
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  #40  
Old 02-26-2017, 03:58 PM
DavaoAccountants DavaoAccountants is offline
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Default Re: Age to retire?

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Originally Posted by financialadvisory View Post
On my experience with clients the best age is 60 to 70, higher than that and you cannot enjoy your retirement anymore.

I agree. I also think the key is not to place all your eggs in one basket and rely on the state pension system, and instead focus on individual financial planning.

Our clients are Philippine based, and despite the difference in financial stability in terms of the UK and the Philippines, the fact remains that when it comes to a comfortable retirement on your terms, you really need to ensure you maintain as much control as possible in where that retirement income is coming from.
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  #41  
Old 02-28-2017, 11:39 PM
Jovanny Jovanny is offline
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Default Re: Age to retire?

Retirement age can also vary from one profession to another. For tax benefits however, government has set a minimum age limit.
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  #42  
Old 03-24-2017, 05:02 AM
kdfoox kdfoox is offline
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Default Re: Age to retire?

That depends on Britons. However if they don't like staying home and relaxing without being productive for the day, they can look for some jobs online or such. The recommended age to retire is 65. My parents have retired at that age.
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  #43  
Old 04-13-2017, 05:01 AM
eonline24news eonline24news is offline
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Default Re: Age to retire?

Your full retirement age is 66. Remember, the earliest a person can start receiving Social Security retirement benefits will remain age 62. If you start receiving retirement benefits at. age 62, you will get 75% of the monthly benefit because you will be getting benefits for an additional 48 months.
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  #44  
Old 05-15-2017, 11:17 AM
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penny128 penny128 is offline
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Default Re: Age to retire?

i'd say there's no age for retire from forex and stock market. maybe like 70+ OR SMTH LOL
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  #45  
Old 07-14-2017, 12:47 AM
MegaMan45 MegaMan45 is offline
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Default Re: Age to retire?

It's a good idea to keep working for as long as possible since that's a key reason people give for their longevity. You don't have to work the same job, but just stay busy.
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