DH retiring and how to sort money

[Moneyponders]

Posting here for traffic! My DH is going to retire at 55. I totally agree with this decision as his job is extremely stressful.

He will get a lump sum of £60k and £900pm.

I am self employed and he has said he will help me run my business. In my busy periods this will be a good thing. But not necessary as I’ve managed alone for 15 years!

I don’t know how to sort the money though? He currently sends me £1k a month which covers his half of the bills. When he retires (in 2 years) the bills will be lower because the mortgage will be finished. His half of the bills without food will be £300. With food probably £500/£600. I’d feel bad taking £500 of his £900 if he’s helping me. But a lot of the time I actually don’t need help and I’m going to be £1k a month down.

Can’t see the wood for the trees! What do you think? Should I just pay for everything?

But why should she employ him and pay him when she doesn’t actually need his help? And then she’d be down even more money?

OP I think you need to have a serious conversation about whether he can afford to retire.

Could he look for a different job instead? A part time one maybe, seeing as the mortgage will be paid off and he won’t need to contribute as much. Even if works another 5 years, his pension would be worth more then.

Do you know for a fact that he will inherit? If the parent has never given him money whilst alive there is definitely a risk that they won’t make him rich once they are gone. They might gove it all to charity for example.