Handed my notice in today in search of a stress free life, anybody else done it?

Handed my notice in today in search of a stress free life, anybody else done it?

Yes. Set up my own business to get away from hassle of employment.

Not as easy as thought it might be, but the freedom is good.

If you're happy enough to accept a better quality of life, potentially with a lower income then great.

Dunno your financial situation or your desires but at least you're giving it a go.

 

All the best.

Well done, hope it goes well

 

Maybe one day.....

Well done for making the leap. I hope it works out for you

Yes. Set up my own business to get away from hassle of employment.

Not as easy as thought it might be, but the freedom is good.

If you're happy enough to accept a better quality of life, potentially with a lower income then great.

Dunno your financial situation or your desires but at least you're giving it a go.

 

All the best.

Off to Puerta Banus tomorrow for a few days to contemplate what i have done.

I have worked for 35 years without a gap and watched a couple family members pass away shortly after retiring so i am determined to get through that bucket list before i peg it

I gave up a well paid job in 1989 to set up my own business.

It certainly hasn't always been easy and it can certainly be more stressful.

I now have more time to do other stuff during the day that folk in full time employment can only rarely do.

Kids celebration assemblies/a midweek game of golf/ a midweek daytime sesh in M/cr with a few mates - that type of thing amongst many others.

I don't regret making the decision all those years ago.

Good luck and make it work!

Good luck ST hope it works out I've been planning baling out for 4-5 years I might go in 2 years but definitely 5 years if I can stick it out that long. Bought my place in Spain with one eye on quitting there as it's cheaper lifestyle.

Edited March 23, 20179 yr by Mounts Kipper

I gave up a well paid job in 1989 to set up my own business.

It certainly hasn't always been easy and it can certainly be more stressful.

I now have more time to do other stuff during the day that folk in full time employment can only rarely do.

Kids celebration assemblies/a midweek game of golf/ a midweek daytime sesh in M/cr with a few mates - that type of thing amongst many others.

I don't regret making the decision all those years ago.

Good luck and make it work!

I do have a property business that gives me an income so not without funds. The job i have given notice on is well paid senior role but i have just run out of energy to cope with 14 hour days with mega stress attached to it. I may find a part time job and do some volunteering to keep my grey matter ticking over. Oh and getting to a few more Wanderers games too!

Good luck ,hope it works out for you

Good luck ST, sure you will be fine

 

I knew of a few in your situation that dipped back in and out with bits of contracting here and there. Pays very well with no long term commitments

 

Either way, I'm sure you will be happy

 

I can't wait to retire and travel the world, a good 25 years away for me though

Good luck ST, sure you will be fine

 

I knew of a few in your situation that dipped back in and out with bits of contracting here and there. Pays very well with no long term commitments

 

Either way, I'm sure you will be happy

 

I can't wait to retire and travel the world, a good 25 years away for me though

That did cross my mind Lee but i am looking for a clean break from the industry. I have to give 6 months notice but looking to get released early for good behaviour

Good luck ,hope it works out for you

Thanks guys!

Sounds ace mate.

 

Good luck, life is short.

Life is sometimes too short to wait for retirement. In the last coupla years I've lost 4  mates who were 50 years old and under. - a pension ain't much use to those poor lads now.

If you want something or you want to do something,just do it.

Life is sometimes too short to wait for retirement. In the last coupla years I've lost 4 mates who were 50 years old and under. - a pension ain't much use to those poor lads now.

If you want something or you want to do something,just do it.

So true..

I got quite a large payout when I worked for a company for a long time, decided I was going to share deal which I had been doing for a long time before

 

Made more in the first month than  I had in the previous year being employed

 

After 2 years of doing it I was bored senseless, it was the worst thing I ever did.

 

If you have a plan to spend your days then good for you if not, the days are very long. I went on holiday every other week but even that gets boring

 

Take your resignation back and retire when you can't walk. I promise you it's not all it's cracked up to be not having to work

Life is sometimes too short to wait for retirement. In the last coupla years I've lost 4 mates who were 50 years old and under. - a pension ain't much use to those poor lads now.

If you want something or you want to do something,just do it.

Wish you could talk some sense in to my Dad. He's 72 and still grafting. Had a pre op today for a back op after 3 mini strokes. He will be out at 7am working tomorrow the mad fucker.

Handed my notice in today in search of a stress free life, anybody else done it?

 

Not by choice but at the age of 50 was made redundant in 2010 after 32 years at the same company. It took me 3 years to get over it even though I had enough money in the bank to last 10 years. Since then I have pretty much lived on 1/5 of the income I used to and have been much happier out of the rat race. Went to  college and then University to study and took up various hobbies.

 

Unfortunately I only this month became aware of the the personal implications of George Osborne's pension liberations for people who have defined benefit schemes. If I had known what I know now in April 2015 I would have been on at least three cruises and would have pushed the boat out this last few years. The CETV was mind blowing. The wife has just handed in her notice from her job to concentrate on her her network marketing business as a result.

 

The bottom line is that I've been retired since 50 and think its ace! Both my parents died of heart attack in their 50's so I always put loads into my pension with the aim of retiring at 55 didnt quite work out quite the way I thought but I am here at 57!

 

 

Good luck, it takes a while to adjust as you dont realise how much you are institutionalised after 30 plus years!

Edited March 23, 20179 yr by bgoefc

DP 

Edited March 23, 20179 yr by bgoefc

Not by choice but at the age of 50 was made redundant in 2010 after 32 years at the same company. It took me 3 years to get over it even though I had enough money in the bank to last 10 years. Since then I have pretty much lived on 1/5 of the income I used to and have been much happier out of the rat race. Went to college and then University to study and took up various hobbies.

 

Unfortunately I only this month became aware of the the personal implications of George Osborne's pension liberations for people who have defined benefit schemes. If I had known what I know now in April 2015 I would have been on at least three cruises and would have pushed the boat out this last few years. The CETV was mind blowing. The wife has just handed in her notice from her job to concentrate on her her network marketing business as a result.

 

The bottom line is that I've been retired since 50 and think its ace! Both my parents died of heart attack in their 50's so I always put loads into my pension with the aim of retiring at 55 didnt quite work out quite the way I thought but I am here at 57!

 

 

Good luck, it takes a while to adjust as you dont realise how much you are institutionalised after 30 plus years!

Have i missed something on the pension liberations you mentioned? Why only this month?

Good luck Salford

Good luck Salford

Thanks Jules

Gonzo,your dad is obviously still grafting  because he enjoys it? - fair enuff I reckon.

Have i missed something on the pension liberations you mentioned? Why only this month?

 

Because I always thought that taking my DB early was too much of a penalty. Then 13 months ago when our savings were getting low and I had given up my intention of working as a Dietitian, I asked for a quote from my company for what my pension under the DB scheme would be. I got this and a cash equivalent transfer value of my whole pension pot. Whilst I lost £10k a year in annual pension retiring now instead of 62, my transfer value was in the £millions. I never knew I could transfer this total and take 25% of this up to my life time allowance! Now a I reckon I have only 20 more years on this planet given my family history I reckon transferring was a no brainer. God bless Gideon!

 

It was on only this month it was brought to my attention you can transfer out of DB schemes rather than DC schemes. I have been asleep for two years! Check yours out if you have been in a DB scheme for years.

 

The other advantage is that once out my pension pot can be inherited by my kids if me and the wifey die early.

Edited March 23, 20179 yr by bgoefc

Just pace yourself and don't go mad, and you will enjoy life to the full.

Handed my notice in today in search of a stress free life, anybody else done it?

You're a top bloke Pete, enjoy it mate and have a great time.

 

 

 

You could even go to Lanzarote if you know of any cheap deals..................

 

Seriously mate, go for it pal.