Not having a final salary pension, leaves my current pension outlook about 50% of my colleauges FSP
. So I either double my contribution to make up the defecit, or work until I drop
OR, you change your outlook on work / life balance for remainder of life.
I have just taken a pay cut to work 4 day weeks moving forward. In my eyes, rather than wait until I'm 65, 70 to retire, why not look at a form of mini semi retirement now ? Yes it's a financial impact, but this year I took the step to downsize to a house half the size & cost, so I'm not in the banks pocket all the time. This now allows me to take this step
I did this before I took my years sabattical & must admit it made a huge difference in work / life balance. Instead of being knackered at the weekend & finding the 2 days fly by, I found I had more energy at work & the 3 day weekend felt like a proper break. So much so, I struggled to take my holiday entitlement, as I didn't feel the need for time off work. In addition I reckon people get as much done in 4 days when full of energy, rather than 5 days when tired
I'll be spending the extra time off with the family & hopefully might even get some time to take the old camera out now & again
Anyone else considered a change of lifestyle ?