Don't forget to factor in the 2 years lesser contributions you'll be putting in. Employee contributions in my firm were around 17% of salary.
Type: Posts; User: broxie
Don't forget to factor in the 2 years lesser contributions you'll be putting in. Employee contributions in my firm were around 17% of salary.
That sounds about right. I'm planning my retirement and spoken to a few single mates (mortgage free) who are retired and they all seem to agree on around £2k a month in your hand. So £30k for a...
Also the perception that drawdown funds should be treated as an annuity at retirement age, whereas if one were planning a 30 year retirement, given that 2/3rds of the income won’t be required for at...
What rate do you think is safe? It used to be 4%, but earlier this year reduced to 3.5%. I use 3%. That is inflation proof.
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I read a lot of pension and financial press. The comments are theirs. A whole industry has grown on transferring people out of DB schemes and I have no doubt people are attracted by impressive...
Absolutely a massive decision. One that will be coloured by plenty of advisers persuading you. This video has recently been published by the FCA and well worth a look.
It is almost never worth...
Maybe I could get a pretend speed camera and stand by the side of the road in a hi vis (see other post on this topic) ;-)
The state pension is creaking at the seams. In fact it's almost a legalised Ponzi scheme. It was designed in an era when men retired from the pits or hard labour job, enjoyed a few years of state...
That is absolutely essential. I took phased retirement about 5 years ago (part time) and work a month on month off. I learned to sail last year and that is certainly challenging and fun at the same...
Another retirement tip for those planning to downsize their property on retirement and spend some of the cash (as opposed to live off it) is to take out an interest only mortgage on part of the value...
Thank you. I plan to start a relevant post as bowel cancer is the second highest death rate amongst them. The symptoms are minimal and I passed the NHS poo stick test last year that they send out on...
I was supposed to retire at 55 on a final salary pension. Then legislation meant I could work til 65. I did some sums and thought 57 sounded a good age to retire but that came and went. I love my job...