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.

gazbarber · 20-02-2006, 3:33 PM

Quote:

Originally Posted by Nick_UK

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.

I'd happily work till i'm 150 if i get to live that long

I think that at 23 now, 100 would be the average age by the time i go (when i'm 180

) does anyone know what the average age was when the oldies where young? (no offence intendented)

vonhosen · 20-02-2006, 4:01 PM

http://www.statistics.gov.uk/STATBAS....asp?vlnk=9180

gazbarber · 20-02-2006, 5:02 PM

They are 1980's and after i was more after say the 1930's-50's.

vonhosen · 20-02-2006, 5:09 PM

Quote:

Originally Posted by gazbarber

They are 1980's and after i was more after say the 1930's-50's.

If you look at the year down the side & then look at the current age across the top (for someone born in those year) the result you get is how many years past that year they have left.

ie.
If you are male & managed to make it to 70 years old in year 2000 (therefore born 1930) you can expect on average another 12.3 years.
You wouldn't have had an expectation at birth of living to 82.3 years, but having managed to survive to 70 by year 2000 that's what you could then expect on average.

It could be worse.
Average life expectancy in Sierra Leone is 37.9

gazbarber · 20-02-2006, 5:11 PM

Ok thanks I should have maybe looked a little more at the site, my bad.

My point was rather a crude one, of what was the average when the people dying now where my age and then get the difference and add it on to the current average. Not exactly an exact science but a nice gues.

vonhosen · 20-02-2006, 5:21 PM

If you take the USA
In 1900 at birth it was 47.3 years.
In 1929 it was 57.1
In 1945 it was 65.9
In 1980 it was 73.7.
In 2000 it was 77.4

gazbarber · 20-02-2006, 5:22 PM

For the more healthy amoung us thats a nice increase

a very nice trend.

dejongj · 20-02-2006, 6:24 PM

Let this be just another warning that you all need to make arrangements for your own pension funds....Besides being able to retire earlier, it's about the best tax break you can get...I mean every £1000 you put in per month will cost you about £500....About the best roi you get anywhere...And with the pending changes to the system and a nice fat pension fund you can even start buying property abroad etc.....

Don't postpone it, start young!

mjcairney · 20-02-2006, 8:41 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

Someone who's 79?

Cheers,

Martin.

gazbarber · 20-02-2006, 10:38 PM

Not everyonw who is 80 requires that level of care, and if they did with supporting family they can still provide alot of comfort for their family.

Also the family of the 79 year old would probably want them to live till they were 80 (atleast).

21-02-2006, 2:01 AM

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

Well my mother is 85, does her own shopping (and her neighbour's), looks after her own home and is fit as a fiddle.

Wipes her own ass too and would probably Whoop yours

Miyazaki · 21-02-2006, 9:13 AM

My gran is 85 and tried to eat her own hearing aid on Sunday and dunking it in her cup of tea!

Bat-man · 21-02-2006, 9:30 AM

When I checked my state pension, online, it talked about my contributions to my state pension, yet the Government say that I am contributing to the current older people's pension not my own.