Think retiring at 67 is bad? :eek:

Miyazaki · 19-02-2006, 12:57 PM

http://news.bbc.co.uk/1/hi/sci/tech/4726300.stm

This will affect my generation as in 2050 I will be 70, looking forward to another 15 years in work!

vonhosen · 19-02-2006, 1:12 PM

Not for all of us though. Some will have made decisions that mean they will finish working much earlier than that.

Razor · 19-02-2006, 1:51 PM

Quote:

Originally Posted by vonhosen

Not for all of us though. Some will have made decisions that mean they will finish working much earlier than that.

I'll second that. I am hoping for a nice early retirement. Well thats the plan.

Miyazaki · 19-02-2006, 2:31 PM

Trouble with teaching is you need to be in for a long time before receiving a final salary pension.

22 years I think it is. Someone told me that you live for 15 years on average if you retire at 60, and only 6 months on average if you retire at 65

I don't know what element of truth there is in that, but it was sobering to hear!

19-02-2006, 3:18 PM

Quote:

Originally Posted by Games Guru

Trouble with teaching is you need to be in for a long time before receiving a final salary pension.

22 years I think it is. Someone told me that you live for 15 years on average if you retire at 60, and only 6 months on average if you retire at 65

I don't know what element of truth there is in that, but it was sobering to hear!

Not sure how true that is, actually. I know/knew a lot of oldies who retired at 65 and made it comfortably into their 80s and 90s.

The Dude · 19-02-2006, 3:41 PM

sod it... I'm retiring at 35 then.

I think there may be just a little bit of BS in what you've heard there mate, I wouldn't pay too much attention.

Life expectancy will be well into treble figures by 2040 anyway... as you can't pay your taxes when you're dead.

mjn · 19-02-2006, 4:53 PM

Quote:

Originally Posted by shadowritten

Not sure how true that is, actually. I know/knew a lot of oldies who retired at 65 and made it comfortably into their 80s and 90s.

Who actually wants to live to they're 80+....having to have people dress you, wipe your ass, etc etc

19-02-2006, 6:16 PM

Quote:

Originally Posted by mjn

Who actually wants to live to they're 80+....having to have people dress you, wipe your ass, etc etc

I've always thought I'll die at 87. Anything beyond that is a bonus.

Miyazaki · 19-02-2006, 6:50 PM

Quote:

Originally Posted by mjn

Who actually wants to live to they're 80+....having to have people dress you, wipe your ass, etc etc

The age thing is relative. You would be in a similar physical condition in 2050 aged 85 as you would be now aged 65.

Nick_UK · 20-02-2006, 9:32 AM

Quote:

Originally Posted by Games Guru

http://news.bbc.co.uk/1/hi/sci/tech/4726300.stm

This will affect my generation as in 2050 I will be 70, looking forward to another 15 years in work!

Ha ha.... at the rate that Blair is going, you'll retire at 150 by 2050

He's already moved the goal posts twice, if I recall correctly.

dakara · 20-02-2006, 9:45 AM

Members of Parliament should live well into three figures then, since if you look at Telecasts from the House, many of them appear to be sleeping anyway, apart from during that ridiculous "Donkey Market" of Prime Minister's Question Time, when they all bray---'Hee- Haw Hee- Haw Hee -Haw.

t-force · 20-02-2006, 12:56 PM

I think if you are in your early-mid 20s currently, thinking that you'd be able to retire - or at least receive state pension- before turning 75 is having one's head in the sand. You've only got to look at population demographics to realise things can't go on as they are. It's either that or bring in National Service for the over 50s, with a compulsory war term - to get rid of the excess before they retire. And yes - that last suggestion is very much made tongue in cheek.