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To be worried how I will manage to work until I am 67?

(688 Posts)
brasty Tue 28-Nov-17 11:55:53

I am in my mid fifties. I already get more tired than I used to when younger. I wonder how I am going to manage to work full time until I am 67 years old. And continue to do my share of cooking, cleaning, family stuff and actually having some fun.

OohMrDarcy Tue 28-Nov-17 11:57:46

I am 36 and already worrying about this. Due to previous marriage circumstances I am extremely unlikely to ever own my home (privately rent) so I worry constantly that I will never be able to retire. Its scary.

scurryfunge Tue 28-Nov-17 11:58:24

Is early retirement an option in your job? Could you afford to reduce hours in a few years?

brasty Tue 28-Nov-17 12:01:21

No early retirement is not an option. DP is slightly older than me. One of us could reduce our hours, but not both of us. We could not afford it.

I am resentful as well as all those who voted in parliament for this, will not have to work full time until 67.

hiyasminitsme Tue 28-Nov-17 12:02:06

What is your pension provision (private) and when does that kick in? could you take it early?

reallybadidea Tue 28-Nov-17 12:05:26

YANBU. This is why we are throwing lots of money into pensions now rather than buying a bigger house and why I've recently retrained so that my work is significantly less physically demanding. It's meant a pay cut in the short term but should prevent me needing to cut my hours as I get older. I won't get my state pension until 68...I miss the cut off for 67 by something like 3 days <sob>

brasty Tue 28-Nov-17 12:08:27

I am not well paid. My pension that I have paid into since I was 22 will not give me much of a pension. It is basically a top up to the state pension, but no more.
A friend who does a physical job and is the same age, is planning to withdraw all of her pension pot next year, as she can no longer manage to do her job, and is struggling to get something else. But she will have no pension except the state pension, by the time she reaches that age.

c3pu Tue 28-Nov-17 12:08:50

I'm in the same boat. I'm expecting the provision of a Futurama style suicide booth by the time i retire.

Chrys2017 Tue 28-Nov-17 12:09:50

You don't have to work until you are 67, that is just the age at which you will receive the state pension. Presumably you have made other financial arrangements for your retirement?

myusernamewastaken Tue 28-Nov-17 12:11:45

Im on my own with a crappy job and no pension....i do own my own home and have accepted i will have to work until i drop....however with my family history of cancer i do not think i will reach 67...

kaitlinktm Tue 28-Nov-17 12:12:03

I sympathise. I am 62 and for the last three years have only been working part-time. I get my state pension at age 66 and am just counting the months - sad really. I don't know how I would have gone on if it had been full time - or if I had had to go on until 67-68 or later as younger people are going to have to do. I just hope people are generally fitter than I am.

allegretto Tue 28-Nov-17 12:14:35

Me too OP! I also no longer have a private pension so will be teaching until I'm 67. God help my students!

falange Tue 28-Nov-17 12:15:41

I'm in exactly the same boat OP. Mortgage until I'm 66 so no choice. I'm full time and am weary now.

brasty Tue 28-Nov-17 12:15:59

Chrys Dont be so stupid. Of course I have to work till I am 67. I am low paid and will have a tiny pension. Like many people.

Honeycombcrunch Tue 28-Nov-17 12:16:35

I think the reality is that many people won't be able to work until they are 67. My DH and his friends are all having to reduce their hours or take early retirement in their 60s (whether they can afford it or not) as they all have developed age related illnesses, such as prostate cancer, cataracts, diabetes, heart disease and arthritis.


brasty Tue 28-Nov-17 12:17:13

myusername Yes I am worried I will not make 67 either. Ongoing chronic health problems that already affect me.

PoisonousSmurf Tue 28-Nov-17 12:17:21

I'm 48 and do a physical job (self employed cleaning and gardening). I'm already feeling worn out sad

NameChanger22 Tue 28-Nov-17 12:17:21

I'm mid 40s. I don't expect to retire at all. However, I might become unemployed and be unable to find another job, which is far more worrying to me. After Brexit I can't see there being a safety net of any description or many jobs that pay enough to live on.

But, it's all fine because there's a royal wedding to think about.

makeourfuture Tue 28-Nov-17 12:17:58

Presumably you have made other financial arrangements for your retirement?

Tory detected.

hiyasminitsme Tue 28-Nov-17 12:18:08

@brasty if it's health problems stopping you working then you'd move on to ESA

sinceyouask Tue 28-Nov-17 12:18:47

I know. I've stopped worrying about my shite pension because I don't think I'll be around to 'enjoy' it anyway. My retirement age is currently 68 and we all know it's only going to rise. I'm a social worker. Dh is a furniture maker. I don't see how either of us will be able to do our jobs right up to the brink of our 70s, I really don't.

brasty Tue 28-Nov-17 12:20:18

Honeycombcrunch But how? My pension forecast is £4000 a year. Nowhere near enough to live on.

And my family are all poor, so no inheritances in the offing. We have always been fine with both of us working full time most of the time. But I do worry about the future.

brasty Tue 28-Nov-17 12:22:35

hiyas What I suspect far more is that my health will deteriorate to such a point that working full time becomes bloody hard, but I will not be ill enough for ESA. Was already caught in that trap when I was more ill a few years ago, but DP was able to do extra hours so I could reduce my hours. That won't be possible for DP I am sure when he is older.

PoisonousSmurf Tue 28-Nov-17 12:22:54

It's horrible getting old. Even worse now that even our kids can't help out either as they have to scrape every last penny together to even afford a home and to start a family!

brasty Tue 28-Nov-17 12:23:27

sinceyouask I could not imagine being a social worker in my 60s. An incredibly tiring and stressful job.

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