Do you want to work past 65 Astonishing claim by IDS

[Pesty]

So do you? I personally thing IDS is talking out of his arse but then again what do I know. I'd rather not go out to work tomorrow let alone when im 65.

"Most workers want to work on when they reach 65, Iain Duncan Smith claimed yesterday"

Read more: http://www.dailymail.co.uk/news/article-1372932/Ia...

[Puggit]

Want, or NEED?

[Mojocvh]

Puggit said:

Want, or NEED?

Exactly Puggit, a LOT of folk [myself included] are realising that 30 plus years of tax and NI have done nothing but buy servitude.

Those fortunate to be in the position of retiring "early", good luck to you I say.

Mo.

[Oakey]

I can imagine some people would want to continue working simply as it's something to do.

[Rude-boy]

It’s a hard one to call at 34.

I suspect that I will still need to work when I am past the state retirement age to continue living the lifestyle I wish to become accustomed to one day

That said if the fiancée and I stay together for the rest of our days, as one would hope we would, and our respective parents carry on looking after their money the way they do (we have both often spoken to them in terms of “so long as you leave enough for a bonfire and a BBQ we’ll be just fine”) then it is likely I could, at the very least, semi-retire some time before then.

Then I look at the number of people I know who retire from full on jobs and within a couple of years they are banging their heads against the wall!

Now for the controversial bit. I think that if you do a job that is very mentally taxing unless you have something to take up some of that skill and thought time then you will rapidly decline and it is likely you will have a very short retirement. Likewise if you do a very physical job and then just stop that is going to be bad for you.

One day I hope to achieve the dream of working because I want to rather than because I also need the money

[Puggit]

I can't imagine how anyone earning £20k pa can save for a pension these days.

I'm earning very good money, and it's ex-pension activities that will be generating my income for retirement!

[Tsippy]

there are several guys over the age of 65 where I work. One of them wants to work because he feels it'll help him keep his mind active, the other two have no choice because they need the cash and were foolish enough to work all their lives rather than sponge off the system.

[fatboy b]

Whether I'll need to or not, I'll probably want to (no pick for that).

[Pesty]

fatboy b said:

Whether I'll need to or not, I'll probably want to (no pick for that).

its the top option

[Pesty]

Mojocvh said:

Puggit said:

Want, or NEED?

Exactly Puggit, a LOT of folk [myself included] are realising that 30 plus years of tax and NI have done nothing but buy servitude.

Those fortunate to be in the position of retiring "early", good luck to you I say.

Mo.

The pensions I have been paying into are worth nothing. Wiped out I wish I had never bothered.

IDS said " higher life expectancy meant people should – and usually want – to work for longer before taking their pension.

Do we now IDS? We may need to but we dont fking want to. Yes some will good luck to them but Im not sure they are the majority.

[Jasandjules]

I don't really know. In some respects yes I do want to continue to work for as long as I am able to do so - I think it will help both mentally and physically. I would just work part time instead.

[speedyman]

Whatever anyone says ageism is still operating in the workplace. Many people won't have a choice of working till 65 and beyond. If you get made redundant in your late fifties then your chances of continuing in the same career will be limited. Unless your happy with the next ten years at homebase, it will be tough getting work.

looking to retire in my early sixties.

speedyman

[tomw2000]

Jasandjules said:

I don't really know. In some respects yes I do want to continue to work for as long as I am able to do so - I think it will help both mentally and physically. I would just work part time instead.

+1

[JagLover]

I would like to work partime past 65 but I would also like to work parttime for many years before that.

[Mojocvh]

speedyman said:

Whatever anyone says ageism is still operating in the workplace. Many people won't have a choice of working till 65 and beyond. If you get made redundant in your late fifties then your chances of continuing in the same career will be limited. Unless your happy with the next ten years at homebase, it will be tough getting work.

looking to retire in my early sixties.

speedyman

Just like magik..


http://news.bbc.co.uk/panorama/hi/front_page/newsi...

[ewenm]

I want to keep my mind active and my lifestyle fun and interesting. That might mean I choose to work beyond 65 66 67 68, it might mean I need to carry on working, it might mean my family and hobbies are enough to keep my active (mind and body). It's 30+ years away for me at the moment though, who knows what will change in that time.

As long as it is something I enjoy I don't massively object to working. If it was a crappy job doing boring stuff, then I'd find some way of avoiding it.

Edited by ewenm on Monday 4th April 14:21

[pilchardthecat]

The idea of retirement being 30 years of leisure paid for by 40 years of work is a fairly recent thing, and is long dead. Only the baby-boomer generation are going to enjoy that really.

It's made even worse now by the fact that half the population stays in full time education until they are in their 20s, and will be in their 30s by the time they have paid off the debt, let alone start saving for retirement.

The elephant in the room though is the public sector pension system, which will collapse in the next 10 years if it isn't dealt with and replaced with a defined contribution system. The country cannot afford to fund this out of current taxation

[Johnnytheboy]

I'm 38 and I'd go part time tomorrow if I could afford it, if not retire outright.

Doesn't run in the family - my old man's 75 and going strong.

[Brighton Derly]

Pesty said:

I'd rather not go out to work tomorrow let alone when im 65.

What are you going to do instead - fester in front of the TV all day while you wait to die?

I plan on working till I'm 75.

Edited by Brighton Derly on Monday 4th April 14:29

[Mark Benson]

Brighton Derly said:

Pesty said:

I'd rather not go out to work tomorrow let alone when im 65.

What are you going to do instead - fester in front of the TV all day while you wait to die?

I plan on working till I'm 75.

They aren't the only 2 options you know.

I'd retire tomorrow and could find 101 things to keep me occupied, if all you have is work or TV then maybe work would seem the more attractive option though, I suppose.