The business we helped set up was sold in 2011..we had 40% and our share was nice to have. But one condition of the sale was that I worked for the new owners, they pay well, but I really earn it.
The company that bought us has now been bought: just before it sold I reduced my time to 80%. I like 3 day weekends and I had been planning to request that I drop another 10% next year, so to a 4 day weekend. I'm 65 next year and have some developing health issues that have made me think about priorities. So I may just retire next year.
As others have said, it is the change in mindset that needs adjusting, from putting in to taking out of the savings. At the moment I'm saving about 30% of earnings. Coupled with the monies from the business, plus state pension and a couple of modest final salary pensions sale we should have "enough"...as long as I don't spend it all buying cars....
The kids: we helped them buy property using some of the proceeds of the business sale and have told them not to expect anymore.
So, that is it.
Retirement on 31 March 2017?
Let's see.
