Oldest Contractor?

[Euro-commuter]

So how long before you can afford to retire?

That depends on the standard of living I want to have, and where I might live (which affects costs). 65 is certainly too early, at least on a classic model of work till that time, then stop working completely.

Sometimes it looks like 75, with poverty awaiting anyway if contract rates don't hold up. In which case I'd be better spending it all as I go, then retiring to top myself.

At other times I think of a more complex plan:
Period A (till 65): work full-time, pay off mortgage (no mean feat in 10 years for a house I've just bought), save for retirment.
Period B (65-70?): Absolutely no touching of retirment investments, but scale down worklife since I only have to earn current living costs.
Period C (70-?): Retire.

[ChimpMaster]

When you're divorced, do you have to make spouse/child payments based on your Ltd Co salary, or are dividends also taken into account?

[Old Greg]

You'll probably all have another couple of divorces under your belt by then.

[rocktronAMP]

Not naming names, but the guy who invented the Cosworth Process is still available, even though he spends most of his time in his villa in the South of France. Now IIRC he was in his 70s when deciding that a part time Masters Degree might be some fun thing to while away his retirement. Which is how I got to know him.

Must be a millionaire then in his villa. His life-coach plan certainly did come up trumps, then.

Anyhow, I bet this information gives us all hope then.

[BrilloPad]

When you're divorced, do you have to make spouse/child payments based on your Ltd Co salary, or are dividends also taken into account?

dividends are taken into account. well everything is taken into account.

[rocktronAMP]

I'm 56 with a post-divorce position. I don't like it but you only get to do the rest of your life starting from here, not starting from way back there.

Like children, wives are so huge a factor in your life-long financial situation, that you should be really sure that's what you want.

This is exactly the situation I am afraid of. I am not married and never been.

Like that rapper's song from a couple years ago, which had a lyric:
"It's not my fault that you married a bay%t%h ... you were being chased, when you though you were doing to chasing, you should be wise, now you're ****ed , your head flown was the price." Or something like that ...

Why can't women also earn the big dosh as well? Would that solve the financial problem or am I being very naive?

As for children, I have yet to encounter the special relationship that will spawn them.

[BrilloPad]

Why can't women also earn the big dosh as well? Would that solve the financial problem or am I being very naive?

Naive. Glenn Poole(media man at f4j) stayed home to raise daughter while wife earned big bucks. Courts gave daughter to (by now ex) wife. His wife said "make no financial claim on me and you can see your daughter".