Author Topic: You know you're middle aged when  (Read 68780 times)

CommuteTooFar

  • Inadequate Randonneur
Re: You know you're middle aged when
« Reply #850 on: March 06, 2019, 04:14:22 pm »
All pensions depend on if you are lucky enough to have saved enough. If you have a big enough fund you can choose a low yield and watch the money grow above inflation.

In my case my pension is invested in  investment trusts, open ended funds and a few shares.  This will provide an income of 4%. If I was richer I would have chosen a lower yield. Funds that yield 2% grow more and in time produce more income than the 4% funds that grow more slowly.

As for taking a lump sum. I never will. I will stay invested and take the cash free element with each withdrawal.

I am retired at 56.  [I look after my octogenarian mother]
I am currently living on less that 10,000 income generated by my ISA (tax free)
At 60 I will change my Pension funds from growth to income funds and take uncrystallised lump sums
At this point my retirement income will be higher than my modest finishing pay after tax.
At state retirement age the government will probably give me some more money.
 
If I stayed at work and carried on paying into my pension to state pension age I would probably have become a millionaire. That was a really impressive number when I left school but was not a big enough incentive now.

Just in case anyone thinks I am totally on top of my finances. In the last 12 months my wealth has dropped by £100,000. Eeek!

Adam

  • It'll soon be summer
    • Charity ride Durness to Dover 18-25th June 2011
Re: You know you're middle aged when
« Reply #851 on: March 06, 2019, 09:48:22 pm »
All pensions depend on if you are lucky enough to have saved enough. If you have a big enough fund you can choose a low yield and watch the money grow above inflation.

In my case my pension is invested in  investment trusts, open ended funds and a few shares.  This will provide an income of 4%. If I was richer I would have chosen a lower yield. Funds that yield 2% grow more and in time produce more income than the 4% funds that grow more slowly.

As for taking a lump sum. I never will. I will stay invested and take the cash free element with each withdrawal.

I am retired at 56.  [I look after my octogenarian mother]
I am currently living on less that 10,000 income generated by my ISA (tax free)
At 60 I will change my Pension funds from growth to income funds and take uncrystallised lump sums
At this point my retirement income will be higher than my modest finishing pay after tax.
At state retirement age the government will probably give me some more money.
 
If I stayed at work and carried on paying into my pension to state pension age I would probably have become a millionaire. That was a really impressive number when I left school but was not a big enough incentive now.

Just in case anyone thinks I am totally on top of my finances. In the last 12 months my wealth has dropped by £100,000. Eeek!

I've put on bold the bits about not taking the 25% tax free cash, and taking uncrystallised lump sums.


If the income you need each year is less than the personal allowance, then I can see the logic in doing it that way.  If not, then you end up paying more tax.
“Life is like riding a bicycle. To keep your balance you must keep moving.” -Albert Einstein

CommuteTooFar

  • Inadequate Randonneur
Re: You know you're middle aged when
« Reply #852 on: March 07, 2019, 12:04:05 pm »
Not quite tax free.

I will 'earn' £28k, £10k from ISA, £18K from pension.
£4,500 is tax free lump sum and leaving 13,500 of taxable income.
Next year the personal allowance is £12,500 so I need to pay 20% of 1000.
Or £200 tax.

The 100k drop in wealth reduces my income to £24k so no tax will be payable then.

The real sign of middle age. You start doing pension calculations.


ian

  • fatuously disingenuous
    • The Suburban Survival Guide
Re: You know you're middle aged when
« Reply #853 on: March 07, 2019, 12:27:15 pm »
Think on the good side, anyone who isn't middle-aged by now won't have to worry about pension calculations.
!nataS pihsroW

Jaded

  • The Codfather
  • Formerly known as Jaded
Re: You know you're middle aged when
« Reply #854 on: March 07, 2019, 03:16:49 pm »
Yes, for several reasons...
If you don't like your democracy, vote against it.

fuzzy (retd.) AAGE

  • SWMBO's Toy Boy.
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Re: You know you're middle aged when
« Reply #855 on: March 13, 2019, 12:09:58 pm »
My reason for taking the maximum lump sum was weekly orders. Spending 26 and a bit years reading weekly orders and seeing reports of 'Death of Police Pensioner' where more than was coincidental, were getting less than 10 years as a pensioner..........

Full rotating shift work, unhealth working conditions and high levels of stress do not generally make for a long and happy retirement.

Learning of someone who had died after 20 or 30 years of retirement generally got a standing ovation in my office.
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road-runner

  • is in Slovakia.
Re: You know you're middle aged when
« Reply #856 on: April 02, 2019, 11:01:15 pm »
When you read this ...

... the half inch Snowdonia map that's next to me and is older than me, cost on the cover, 55p

... and your first thought is that someone who thinks a decimal price is old must be really young.

I used to have a Bartholomews 3s/6d map of Mull.

hellymedic

  • Just do it!
Re: You know you're middle aged when
« Reply #857 on: April 02, 2019, 11:06:33 pm »
OS 1 inch (1:63 360) maps were 6/6 back in the day...

I think the first 1:50 000 sheets were 80p.

Re: You know you're middle aged when
« Reply #858 on: April 03, 2019, 08:15:19 am »
Just in case anyone thinks I am totally on top of my finances. In the last 12 months my wealth has dropped by £100,000. Eeek!
If you're talking in terms of £x00,000 then you must be very well off.

Cudzoziemiec

  • Solar powered, tea fuelled cycle-wol
Re: You know you're middle aged when
« Reply #859 on: April 03, 2019, 11:58:27 am »
It is really, really, really irritating. Almost as irritating as the new car not having a built in CD player!!!!
When a technology that was new and shiny when you were a teenager is now obsolete.
An ungovernable laughter, a joyous agitation which makes the summer stretching before you seem like an unrolling canvas on which you might draw those first rude pure strokes that are free. (Capote)

T42

  • Tea tank
Re: You know you're middle aged when
« Reply #860 on: April 03, 2019, 01:03:05 pm »
It is really, really, really irritating. Almost as irritating as the new car not having a built in CD player!!!!
When a technology that was new and shiny when you were a teenager is now obsolete.

Oh aye. When I was a nipper stereophonic record players were new. Microgroove records too. Not to mention retractable ballpoints. And my dad was highly tickled the first time his packet of Players had a cellophane wrapper with a wee ribbon to pull.
I've dusted all those old bottles and set them up straight.

Kim

  • Timelord
Re: You know you're middle aged when
« Reply #861 on: April 03, 2019, 01:14:55 pm »
It is really, really, really irritating. Almost as irritating as the new car not having a built in CD player!!!!
When a technology that was new and shiny when you were a teenager is now obsolete.

I dunno, as someone who grew up with Moore's Law, I consider that sort of obsolescence to be normal and ordinary and just part of the way the world works.

Middle age is when you stop caring about the new stuff...
To ride the Windcheetah, first, you must embrace the cantilever...

Re: You know you're middle aged when
« Reply #862 on: April 03, 2019, 01:35:21 pm »
It is really, really, really irritating. Almost as irritating as the new car not having a built in CD player!!!!
When a technology that was new and shiny when you were a teenager is now obsolete.

I dunno, as someone who grew up with Moore's Law, I consider that sort of obsolescence to be normal and ordinary and just part of the way the world works.

Middle age is when you stop caring about the new stuff...

Of course, Kim is right. I don't care about new stuff. I simply want to play the 800 odd CD's (and trust me, some of them are very odd) I own in the car.  And while I am at it.... I have a number of 78's I would like to play as well.....
Cats to the left of me, cats to the right of me, cats sitting on my keyboard making far more sense than I do.

Kim

  • Timelord
Re: You know you're middle aged when
« Reply #863 on: April 03, 2019, 01:52:49 pm »
I bought my first CD in 1994 (though I think my parents had a player in about 1990 or so?), when I was 15.  I bought my last one in 2018.  I lived through the transition from cassette copied from cassette or vinyl, to cassette copied from CD, to minidisc copied from CD[1], to MP3 file on hard disk ripped from CD, to CD copied from CD, to flash memory of various file formats ripped from CD.  Throw in occasional file-sharing and listening to original media on non-portable equipment, and lingering tapes for the car.

These days I listen to music by playing FLAC files from a local (or LAN-based) storage device - the CDs themselves live in a couple of large wallets on a shelf, as backup), and don't see the point in this newfangled Spotify rubbish.  Barakta seems to spend an alarming amount of time listening to music via Youtube.  I attribute this to network bandwidth and computing power being ludicrously cheap, and her hearing aid making more of a mess of the music than the codec does.

I reckon those 16bit/44kHz PCM recordings will be around for a while, even if the computing substrate changes...


[1] There was technically a point before minidisc went mainstream where portable CD players became a thing, but teenagers generally didn't use them, because they were bulky and required carrying precious original media around, rather than the option of copying music from your friends.
To ride the Windcheetah, first, you must embrace the cantilever...

Re: You know you're middle aged when
« Reply #864 on: April 03, 2019, 02:03:00 pm »
Thanks Kim.

Sadly, I must be in late middle age as I failed to understand about 75% of what you wrote.  :(

Give me a bit of plastic any day of the week (I still have my 7 inch singles from back in the late 1960s!)
Cats to the left of me, cats to the right of me, cats sitting on my keyboard making far more sense than I do.

road-runner

  • is in Slovakia.
Re: You know you're middle aged when
« Reply #865 on: April 03, 2019, 02:18:33 pm »
Middle age is when you stop caring about the new stuff...
... don't see the point in this newfangled Spotify rubbish.

Seeing your two comments together made me laugh!

Re: You know you're middle aged when
« Reply #866 on: April 03, 2019, 02:36:50 pm »
When you read this ...

... the half inch Snowdonia map that's next to me and is older than me, cost on the cover, 55p

... and your first thought is that someone who thinks a decimal price is old must be really young.

I used to have a Bartholomews 3s/6d map of Mull.

Unfortunately road-runner when you think someone in their early forties is really young you possibly don't qualify for this thread anymore

 ;) ;D

Cudzoziemiec

  • Solar powered, tea fuelled cycle-wol
Re: You know you're middle aged when
« Reply #867 on: April 03, 2019, 02:39:09 pm »
Barakta seems to spend an alarming amount of time listening to music via Youtube.
Youtube has become probably my favourite music listening method, simply because it's available, has far more stuff on it than I would ever own, is free, etc. Oh and because the CD player is broken. Laptop speakers are pretty crap, I often use headphones, it's still not good sound quality but that's not hugely important.
An ungovernable laughter, a joyous agitation which makes the summer stretching before you seem like an unrolling canvas on which you might draw those first rude pure strokes that are free. (Capote)

Kim

  • Timelord
Re: You know you're middle aged when
« Reply #868 on: April 03, 2019, 02:41:48 pm »
Yeah, Youtube's brilliant because you can go and find out what almost anything is.  But I'm still a luddite and if I want to make a habit of listening to a track I want a half-decent file on a disk or something.

I used to think I cared about sound quality out of technical snobbery, but I've come to realise that my hearing is so biased towards the higher frequency components of speech that any kind of singing quickly becomes a mush if bandwidth-limited or subject to excessively lossy codecs.  Same reason I can't think properly when trying to hear someone on the phone.

I expect I'm going to become immensely irritating when my age-related hearing loss (which is currently somewhere between the 8kHz where audiometrists stop caring and the 15.625kHz of whistly fly-back transformers in PAL CRTs) starts to impact on speech IRL.  At this point it only seems to affect teenager repellants and rubbing disc brakes[1].


[1] Standing order for cyclists younger than me:  If you get irritated by the inadequate lubrication of my chain on a ride then *say something*
To ride the Windcheetah, first, you must embrace the cantilever...

Re: You know you're middle aged when
« Reply #869 on: April 03, 2019, 02:49:35 pm »
And here am I, with a good 20 years on Kim, listening on Spotify. Quality for me is fine, especially when listening to digitally remastered files over Sonos speaker. Probably because the quality of my original vinyl collection (disposed of 30 years ago at the local charity shop by me ex..) was mainly crap '70's pressings. And it gives me access to things I've never listed to before, plus it's portable at a time when actually sitting listening is a luxury - my musical tastes are not shared by my wife, and I find wearing headphones when she's around impolite. So having the ability to stream music in the gym via earpods, or in the shed over the Sonos is brilliant. Horses for courses.
We are making a New World (Paul Nash, 1918)

Kim

  • Timelord
Re: You know you're middle aged when
« Reply #870 on: April 03, 2019, 03:04:07 pm »
And here am I, with a good 20 years on Kim, listening on Spotify. Quality for me is fine, especially when listening to digitally remastered files over Sonos speaker. Probably because the quality of my original vinyl collection (disposed of 30 years ago at the local charity shop by me ex..) was mainly crap '70's pressings. And it gives me access to things I've never listed to before, plus it's portable at a time when actually sitting listening is a luxury - my musical tastes are not shared by my wife, and I find wearing headphones when she's around impolite. So having the ability to stream music in the gym via earpods, or in the shed over the Sonos is brilliant. Horses for courses.

Heh.

Having lived with a paritally deaf person for about 18 years, nearly all my listening is with headphones, as playing audio into the room is impolite (music's just a source of noise, and speech is distressingly indistinguishable from a random person in the house).  As such, I've got out of the habit of listening to music other than when sitting down to specifically listen to music (rare), to drown out the leakage of barata's beepy euro-pop[1], or when travelling.  So I do very little of it, and 20 odd gigabytes of FLACs on my phone is usually sufficient.  I'm so completely out of touch with music I don't already know that streaming would be wasted on me.


[1] Ironically, barakta spends more time listening to music than I do, as it helps her manage tinnitus.  Thanks to Newton's third law, her BAHA shares a tinny little version of what going into her skull with the rest of the room, in a manner similar to original Walkman headphones.
To ride the Windcheetah, first, you must embrace the cantilever...

hellymedic

  • Just do it!
Re: You know you're middle aged when
« Reply #871 on: April 03, 2019, 03:04:29 pm »
When you read this ...

... the half inch Snowdonia map that's next to me and is older than me, cost on the cover, 55p

... and your first thought is that someone who thinks a decimal price is old must be really young.

I used to have a Bartholomews 3s/6d map of Mull.

Unfortunately road-runner when you think someone in their early forties is really young you possibly don't qualify for this thread anymore
 ;) ;D

I started a thread for oldies like r-r & me... (r-r's a couple of months my junior.)

road-runner

  • is in Slovakia.
Re: You know you're middle aged when
« Reply #872 on: April 03, 2019, 04:06:11 pm »
I started a thread for oldies like r-r & me... (r-r's a couple of months my junior.)

<Gumbles like Mutley from Whacky Races> Okay, okay, I'll go over there and grumble with the oldies.

Mrs Pingu

  • Who ate all the pies? Me
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Re: You know you're middle aged when
« Reply #873 on: April 03, 2019, 05:51:20 pm »
It is really, really, really irritating. Almost as irritating as the new car not having a built in CD player!!!!
When a technology that was new and shiny when you were a teenager is now obsolete.

I dunno, as someone who grew up with Moore's Law, I consider that sort of obsolescence to be normal and ordinary and just part of the way the world works.

Middle age is when you stop caring about the new stuff...

Of course, Kim is right. I don't care about new stuff. I simply want to play the 800 odd CD's (and trust me, some of them are very odd) I own in the car.  And while I am at it.... I have a number of 78's I would like to play as well.....

But now you can! All 800 of them! On a device the size of a shrew!
Might mean you need to buy a new shiny thing though....

(Yes I know you won't get 800 flac albums on but if you can tell the difference between flac and mp3 while driving around I'll eat my hat).
Do not clench. It only makes it worse.

Mrs Pingu

  • Who ate all the pies? Me
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Re: You know you're middle aged when
« Reply #874 on: April 03, 2019, 05:54:24 pm »
Speaking of which, I was just moaning to Pingu that I need to remove my music off my work laptop to generate some space and I can't put it on my external hard drive now because we're banned from moving files to USB.
Pingu piped up, you've just bought a 256Gb SD card for that new phone, you could get our entire music collection on there.

Oh yes. Of course.
Truly, WTTF.
Do not clench. It only makes it worse.