Oh, how I wish they had not raised the retirement age !!!
By Traceyjayne
@Traceyjayne (1784)
United Kingdom
March 13, 2023 8:55am CST
I have always been expected to work,
I have always expected to work,
I have always worked,
In the main, I enjoy my work.
Ever since I can remember the retirement age for females in the UK was 60.
That is when I thought that I could retire....although I had planned to finish a few years earlier that that and had set finances in place so that it could happen.
Then a few years ago the Government decided that , oh no , you can work more years , til you are fit to drop, why do you, who has work constantly need any family and relaxation time.....
So now I am not getting my pension ( is there is any left) til I am 68 !!!
An extra 8 years .....
There is no way that I can fund all those years so I am having to work more years.
There is nothing I can do about it .....except watch the people in Government who made such a decision retire in their 40's or 50's with a massive bonus and a huge pension per year which is more that I shall be earning in my whole life !!!
Disgraceful !
8 people like this
7 responses
@porwest (90876)
• United States
13 Mar 23
I have never planned my retirement around when the government decides. I have always planned it around what I decide. Yes, that takes funding. But I won't be forced to do what I am told if I can make different plans to do what I want.
Right now I can afford to retire. I simply choose to work. I am 49.
1 person likes this
@Traceyjayne (1784)
• United Kingdom
13 Mar 23
Thats great for you ....I did my sums and could manage easily with 5 or 6 years ...but an extra 8 added on , making it 13 or 14 years was just too much.
2 people like this
@Traceyjayne (1784)
• United Kingdom
13 Mar 23
@porwest yes, freedom sounds fabulous. Hope you are living life to the full. As I say I did put money aside and get some good return but not enough for so many years. I love my job and I am now able to work part time so I guess I haven't done too badly .it does bug me though that those who make decisions ( like upping the retirement age) don't actually have to do it themselves.
2 people like this
@porwest (90876)
• United States
13 Mar 23
@Traceyjayne It is definitely something that has put a bit of a cog in your wheel. Sorry to hear it. I have been an avid investor for years and it has afforded me well, and I do understand not everyone has similar luxuries.
I often get asked, "What are you saving for? You can't take it with you." I always reply, "Freedom while I am still here to do what I want." lol
1 person likes this
@RebeccasFarm (89882)
• Arvada, Colorado
13 Mar 23
Are you kidding me? You have to work til 68 in England?
1 person likes this
@Traceyjayne (1784)
• United Kingdom
13 Mar 23
Yes, they added 8 more years. I should have retired at 60 ....just three years away for me.
@Traceyjayne (1784)
• United Kingdom
13 Mar 23
I have to work til 68 and my partner til he is 70
1 person likes this
@Traceyjayne (1784)
• United Kingdom
13 Mar 23
where are you ? can I move to your country ?
2 people like this
@zhangxueying (3342)
• China
13 Mar 23
We are also discussing the rules of delaying retirement .
1 person likes this
