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In the UK the (usual) limit you can have in your pension fund is now £1m. I would expect to have about 20 times whatever I wanted to live on per year, and that

by DamonHD 10y ago

In the UK the (usual) limit you can have in your pension fund is now £1m. I would expect to have about 20 times whatever I wanted to live on per year, and that yearly amount would high enough above what I know is enough to be comfortable. The state pension should kick in something too. However, I don't expect to completely retire at any point though legally I currently could in only 5 years' time (then another 10 years or so to state pension age). So if I'm not doing a reasonable amount of work and keeping my brain active at 70 I would be disappointed.

pm90 10y ago
This is my thinking as well. I like to think I would be working in some capacity much beyond the current retirement age. One of the reasons I like to keep a healthy lifestyle is that I want to be physically and mentally capable of continuing to make useful contributions until the very end... and that last part really scares me, but that's another conversation.
- DamonHD 10y ago
  What scares you? Mortality, or being able to keep being useful, or something else? (I'm not being flippant: I live next to a graveyard which reminds me that I'm not getting out of the first of those!)
  - pm90 10y ago
    I guess its a combination of Mortality and lack of independence/increasing dependence, while bodily functions slowly get less and less effective. I am very afraid of the idea of fading away. Perhaps I would be more comfortable if, e.g. I knew that my end would come at a very specific day and that I would remain healthy until then and the poof!
    - DamonHD 10y ago
      Then you should know the joke about the difference between an English actuary and a Russian actuary. The former tells you your life expectancy ie an age you might expect to die, whereas the latter gives you a date, time and place. I suspect I'm somewhat older than you, and faults are already accumulating and have been significantly so for 20 years or more. I can see how it may eventually become too tiresome to carry on if some of the breakage can't be fixed. But there are often compensations...

by DamonHD 10y ago

pm90 10y ago

This is my thinking as well. I like to think I would be working in some capacity much beyond the current retirement age. One of the reasons I like to keep a healthy lifestyle is that I want to be physically and mentally capable of continuing to make useful contributions until the very end... and that last part really scares me, but that's another conversation.

DamonHD 10y ago
What scares you? Mortality, or being able to keep being useful, or something else? (I'm not being flippant: I live next to a graveyard which reminds me that I'm not getting out of the first of those!)
- pm90 10y ago
  I guess its a combination of Mortality and lack of independence/increasing dependence, while bodily functions slowly get less and less effective. I am very afraid of the idea of fading away. Perhaps I would be more comfortable if, e.g. I knew that my end would come at a very specific day and that I would remain healthy until then and the poof!
  - DamonHD 10y ago
    Then you should know the joke about the difference between an English actuary and a Russian actuary. The former tells you your life expectancy ie an age you might expect to die, whereas the latter gives you a date, time and place. I suspect I'm somewhat older than you, and faults are already accumulating and have been significantly so for 20 years or more. I can see how it may eventually become too tiresome to carry on if some of the breakage can't be fixed. But there are often compensations...