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  #1  
Old 16-10-2018, 12:17 PM
Huge Toolbox Huge Toolbox is offline
 
Join Date: Mar 2014
Posts: 1,249
Default The retirement scene.

What are you planning?

Will you stay in Ireland?
Will you head off to the sun?
Have you hobbies and stuff?
Will your pension be enough for you?
Are you planning to stay with your current partner during your retirement?
Or are you planning for a bit of peace and fucking quiet?

Talk now mates - the stock market is up and uncle paddy is thinking about getting out of dodge.

For good.
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  #2  
Old 16-10-2018, 12:21 PM
Drucker Drucker is offline
 
Join Date: Apr 2016
Posts: 10,364
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Quote:
Originally Posted by Huge Toolbox View Post
What are you planning?

Will you stay in Ireland?
Will you head off to the sun?
Have you hobbies and stuff?
Will your pension be enough for you?
Are you planning to stay with your current partner during your retirement?
Or are you planning for a bit of peace and fucking quiet?

Talk now mates - the stock market is up and uncle paddy is thinking about getting out of dodge.

For good.

Head somewhere sunny from October till April and then come back here for the summer.

Work out how much time you have left, (roughly) and then work out how much wonga you'd need to have a comfortable lifestyle, and do the calcualtions.

They say you'd need about €5 Million in your pension fund to have a brilliant time if your plan is to retire at 50.
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  #3  
Old 16-10-2018, 12:25 PM
SoundMan SoundMan is offline
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Join Date: Jun 2011
Posts: 14,850
Default

Quote:
Originally Posted by Huge Toolbox View Post
What are you planning?

Will you stay in Ireland?
Will you head off to the sun?
Have you hobbies and stuff?
Will your pension be enough for you?
Are you planning to stay with your current partner during your retirement?
Or are you planning for a bit of peace and fucking quiet?

Talk now mates - the stock market is up and uncle paddy is thinking about getting out of dodge.

For good.
Yes
No
Yes
Think so
Absolutely
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  #4  
Old 16-10-2018, 12:25 PM
Huge Toolbox Huge Toolbox is offline
 
Join Date: Mar 2014
Posts: 1,249
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Quote:
Originally Posted by Drucker View Post
Head somewhere sunny from October till April and then come back here for the summer.

Work out how much time you have left, (roughly) and then work out how much wonga you'd need to have a comfortable lifestyle, and do the calcualtions.

They say you'd need about €5 Million in your pension fund to have a brilliant time if your plan is to retire at 50.
She's on about sardinia.
I dunno if I could put up with the wops for longer than 3-4 weeks at a time.

I'm also not sure if buying another gaff is worth the effort/money

=> You always have to return to the same gaff then and keep the place in repair
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  #5  
Old 16-10-2018, 12:28 PM
Huge Toolbox Huge Toolbox is offline
 
Join Date: Mar 2014
Posts: 1,249
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Originally Posted by SoundMan View Post
Yes
No
Yes
Think so
Absolutely
Well, your public sector pension is indexed linked - not to inflation - but to the future pay increases of your PS brethren.

Your pension couldn't be bought on the private market for ANY MONEY.
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  #6  
Old 16-10-2018, 12:30 PM
thegillabbeygowl thegillabbeygowl is offline
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Join Date: Dec 2002
Location: A tease of the weasel in Cork
Posts: 34,279
Default

An artist never retires.
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  #7  
Old 16-10-2018, 12:36 PM
SoundMan SoundMan is offline
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Join Date: Jun 2011
Posts: 14,850
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Originally Posted by Huge Toolbox View Post
Well, your public sector pension is indexed linked - not to inflation - but to the future pay increases of your PS brethren.

Your pension couldn't be bought on the private market for ANY MONEY.
That was one of the reasons I took a big cut from my private industry salary to work in Cork in the public sector. Hadn't reckoned with a pension levy at the time but I've made adjustments.
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  #8  
Old 16-10-2018, 12:37 PM
One One is offline
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Posts: 12,688
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Quote:
Originally Posted by Huge Toolbox View Post
Well, your public sector pension is indexed linked - not to inflation - but to the future pay increases of your PS brethren.

Your pension couldn't be bought on the private market for ANY MONEY.
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  #9  
Old 16-10-2018, 12:40 PM
Huge Toolbox Huge Toolbox is offline
 
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Posts: 1,249
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Originally Posted by SoundMan View Post
That was one of the reasons I took a big cut from my private industry salary to work in Cork in the public sector. Hadn't reckoned with a pension levy at the time but I've made adjustments.
So how come you're earning 40% more than the private sector now?

Or, are you calling the media liars?

"The latest figures from the Irish State's statisticians show that average weekly earnings in the public sector here are €959. That is more than 40pc higher than in the private sector."

https://www.independent.ie/irish-new...-37368536.html
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  #10  
Old 16-10-2018, 12:47 PM
SoundMan SoundMan is offline
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Join Date: Jun 2011
Posts: 14,850
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Quote:
Originally Posted by Huge Toolbox View Post
So how come you're earning 40% more than the private sector now?

Or, are you calling the media liars?

"The latest figures from the Irish State's statisticians show that average weekly earnings in the public sector here are €959. That is more than 40pc higher than in the private sector."

https://www.independent.ie/irish-new...-37368536.html
40% better
I wish I was. There were a few of my colleagues here left to join private industry over the years with the peaks and troughs and did extremely well out of it. One, who is younger than me, has already retired. They were attracted by better salaries and better perks at the time, but as you know things fluctuate, and having lived through the hungry 80s looking for a job I opted for the bigger ship in the likely storm.

As far as I'm aware the lads who went to private are still on higher take home than me, but I'll have a better pension.
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