Rhodestine
Confused about dryer sheets
hi, I am new to forum but have been reading posts for sometime as I ponder my retirement plans (can I, can't I).
What strikes me is the seemingly huge difference between UK wannabe retires (and those already retired) and those in North America. UK newspaper regularly do "reviews" of folks wanting to retire, and their pension plans seem so pitiful to the USA folks. Examples "I am 63 with GBP80,000 in the bank and waiting for the state pension of GBP800 a month at the age of 66 - can I retire now?". It is hugely different to what I read in this forum of people with millions in cash, stocks and shares and property and still question whether they can afford to retire.
Is this because salaries are much higher in the US with lower taxes or because relatively wealthy Brits do not go on these types of forums (I cannot find such a good equivalent for UK retirees). Of course we do not have to worry about health care cover as we have the NHS.
Just throwing this out there, because to me it really makes me question whether I can retire early when comparing with what I read in this forum.
What strikes me is the seemingly huge difference between UK wannabe retires (and those already retired) and those in North America. UK newspaper regularly do "reviews" of folks wanting to retire, and their pension plans seem so pitiful to the USA folks. Examples "I am 63 with GBP80,000 in the bank and waiting for the state pension of GBP800 a month at the age of 66 - can I retire now?". It is hugely different to what I read in this forum of people with millions in cash, stocks and shares and property and still question whether they can afford to retire.
Is this because salaries are much higher in the US with lower taxes or because relatively wealthy Brits do not go on these types of forums (I cannot find such a good equivalent for UK retirees). Of course we do not have to worry about health care cover as we have the NHS.
Just throwing this out there, because to me it really makes me question whether I can retire early when comparing with what I read in this forum.