Early Retirement
#1
BE Forum Addict
Thread Starter
Joined: Dec 2009
Posts: 2,774
Early Retirement
Finally, I made the decision to take early retirement, actually just a few months before my official retirement date. Bottom line is I always find myself sorting out problems for other employees when it should be their job to resolve. The stress isn't worth it. After returning from our next visit to Hungary in August I'll be retiring a few days later! Yay.
I cannot wait to quit the UK. I just hope we manage to sell our house and settle in Hungary so we can take advantage of whatever we should be entitled to before the cut off point. Also we find the right property but if necessary will rent to ensure we don't buy the wrong one.
PS - I am not expecting living in Hungary to be smoother than UK but the lifestyle choices outweigh the disadvantages.
I cannot wait to quit the UK. I just hope we manage to sell our house and settle in Hungary so we can take advantage of whatever we should be entitled to before the cut off point. Also we find the right property but if necessary will rent to ensure we don't buy the wrong one.
PS - I am not expecting living in Hungary to be smoother than UK but the lifestyle choices outweigh the disadvantages.
#3
Forum Regular
Joined: Jun 2018
Posts: 87
Re: Early Retirement
Good call, life is too short to be miserable.
#4
Re: Early Retirement
Finally, I made the decision to take early retirement, actually just a few months before my official retirement date. Bottom line is I always find myself sorting out problems for other employees when it should be their job to resolve. The stress isn't worth it. After returning from our next visit to Hungary in August I'll be retiring a few days later! Yay.
I cannot wait to quit the UK. I just hope we manage to sell our house and settle in Hungary so we can take advantage of whatever we should be entitled to before the cut off point. Also we find the right property but if necessary will rent to ensure we don't buy the wrong one.
PS - I am not expecting living in Hungary to be smoother than UK but the lifestyle choices outweigh the disadvantages.
I cannot wait to quit the UK. I just hope we manage to sell our house and settle in Hungary so we can take advantage of whatever we should be entitled to before the cut off point. Also we find the right property but if necessary will rent to ensure we don't buy the wrong one.
PS - I am not expecting living in Hungary to be smoother than UK but the lifestyle choices outweigh the disadvantages.
Tons of 'fun' to come, but I'm sure you'll feel it's worth it.
Best of luck with the project.
#6
Forum Regular
Joined: Dec 2017
Location: Baranya County very soon
Posts: 56
Re: Early Retirement
Congratulations. Hope you have a very happy retirement.
#8
Re: Early Retirement
Good idea. When I was young they were predicting that increased automation would lead to reduced working hours and earlier retirement but the opposite has happened, due to the greed of those in charge. When I started work at 16 in a factory there were often collections for a retirement gift for one of the shop floor men. In many cases there would be another collection about 2 years later, this time for the same mans funeral.
#9
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Thread Starter
Joined: Dec 2009
Posts: 2,774
Re: Early Retirement
Good idea. When I was young they were predicting that increased automation would lead to reduced working hours and earlier retirement but the opposite has happened, due to the greed of those in charge. When I started work at 16 in a factory there were often collections for a retirement gift for one of the shop floor men. In many cases there would be another collection about 2 years later, this time for the same mans funeral.
I'm not expecting a big collection for my retirement because I'm retiring end of August and many of my colleagues will be out of the office on holiday. Adding to this my finance team were relocated to a hospital site whilst the rest of the department moved to a new office. Some of the support services were also relocated to north west London (for them this means after their inner London Allowance protection runs out dropping down to outer London Allowance). I can't wait to get away from this hopsital site because I find it so depressing working there. A junior doctor was stabbed a few months ago by an outpatient and an inpatient using a fire extinguisher managed to smash his way into the admin office area. Luckily all my colleagues and myself were at other sites or working from home. We have not had any training what to do in such situations which I find shocking. As for myself I have previously trained in self defence so can look after myself in most situations. We all have to carry panic alarms with us at all times.
I'm the oldest guy in the whole of our Finance department .... and they'll gonna have to look to someone else to keep everyone in check!
I had an old friend from my school days here last Friday to give me a quote on some works to be carried out on my property before I put it up on the market and he has advised to get three estate agents to do a valuation and give advice whether it's worth having the works carried out. This I'm going to do.
At this point in time there's a new build going up just up the road from where my wife's parents live. It's actually two houses, semi detached, one of them a bungalow and the other having two floors. Might go and have a look at them in August if they have not been bought by then. By Hungarian standards the value of these houses is a bit above what the average Hungarian can afford. But times are achanging.
#10
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Thread Starter
Joined: Dec 2009
Posts: 2,774
Re: Early Retirement
Ha ha .... yes ..... there is an Englishman living in Malyi where my wife's family live. I think he's involved with training police dogs. He's probably a member of this member!!!! Hello if you are reading this .... must come over and say Hello when I am in Hungary!
#11
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Joined: Dec 2009
Posts: 2,774
Re: Early Retirement
Good idea. When I was young they were predicting that increased automation would lead to reduced working hours and earlier retirement but the opposite has happened, due to the greed of those in charge. When I started work at 16 in a factory there were often collections for a retirement gift for one of the shop floor men. In many cases there would be another collection about 2 years later, this time for the same mans funeral.
#12
Account Closed
Joined: Mar 2017
Posts: 0
Re: Early Retirement
By Hungarian standards the value of these houses is a bit above what the average Hungarian can afford. But times are achanging.
#13
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Joined: Dec 2009
Posts: 2,774
Re: Early Retirement
Does this mean the average Hungarian wage is also rising? Last time I checked I think it was around £15k per year. UK average wage was around £28k at the same time.
#14
Account Closed
Joined: Mar 2017
Posts: 0
Re: Early Retirement
Budapest wages have risen - but not even closely in proportion to the increase in property value! The property boom has followed the classic pattern. Our apartment has doubled in value in the last 5 years but unless you are downsizing / moving outside the city it is meaningless!
#15
Re: Early Retirement
I can't wait to get away from this hopsital site because I find it so depressing working there. A junior doctor was stabbed a few months ago by an outpatient and an inpatient using a fire extinguisher managed to smash his way into the admin office area. Luckily all my colleagues and myself were at other sites or working from home. We have not had any training what to do in such situations which I find shocking. As for myself I have previously trained in self defence so can look after myself in most situations. We all have to carry panic alarms with us at all times.