The retirement thread.
- Thread starter NoGutsNoGlory
- Start date
Mine charges 0.5% which is ok I guess until the value drops in a crash
but generally it goes up after yoyoing so not so bad, very near an all time high at the moment 
crash incoming.I transfer £20k lump sums into my pension as a Director Pension Contribution to stop getting Corporate Income Tax and immediately transfer 25% of that tax free to me
and my FA doesn't charge for that.My current investment level is medium to slightly risky and he's instructed to invest in anything with no Woke restrictions.
I was going to start drawing down £50k a year (minus what my holiday let makes so I don't get stung for over 20% tax) from 2028 after giving my business to my eldest daughter at the end of next year and then re asses when I get my state pension in 5 years time.
An Annuity takes into account 30 years currently when checking and only pays a measly amount in comparison.
I have 6 monthly visits and extra visits if transferring money in.
Elsie and me started aggressively planning for our retirement in 2006.
Sadly, playing the Lottery four times a week hasn't resulted in any significant increase in our portfolio, and we may have to re-think.
Sadly, playing the Lottery four times a week hasn't resulted in any significant increase in our portfolio, and we may have to re-think.
After forty years service, in 2010 the Company I worked for gave me an aptitude test, and I found out that the work I was most suited to, was retirement.
Since I don't work a regular job anymore people like to say to me "oh, you're retired." It's like saying that I have lots of spare time and sit around all day. That is so far from the truth. I tell them that Retirement is simply a different job title. Like @Robarano said, I don't know how I found time to go to work. Same for me. My brother is in the same boat. We both have more to do than time to get it all done.
Paul and I have had financial advisors for many years. They were a gamechanger for us. We view and handle our finances much differently/more thoughtfully than before. When Paul became a business owner we were better prepared. That has been a huge factor in it becoming successful. Neither one of us had parents as good role models in money management. We had to figure it out ourselves. Our kids seem to have benefited too as they are also doing well for themselves.
Paul and I have had financial advisors for many years. They were a gamechanger for us. We view and handle our finances much differently/more thoughtfully than before. When Paul became a business owner we were better prepared. That has been a huge factor in it becoming successful. Neither one of us had parents as good role models in money management. We had to figure it out ourselves. Our kids seem to have benefited too as they are also doing well for themselves.
So that's fuck all and fuck all squared after exchange rates
Time, where the fuck does it go.
We’re usually up around 7 am, out and about doing stuff, or in the garden(fruit/veg) all of a sudden another week has gone by, honestly I can't keep up.
I'm sure they fucked about and reduced the days to 12 hours.
My advice for retirement, pay of the mortgage, overpayments if you can, we knocked about 4 years of ours with over payments, no debts(credit cards), any money coming in is your own, as long as I can pay the bills I'll sleep ok.
The bikes etc. is a bonus what "we" all worked worked for.
And what you going to do for the next 25 years?
Make memories and lots of them so you can bore the shit out of anyone that will listen when your older.
We’re usually up around 7 am, out and about doing stuff, or in the garden(fruit/veg) all of a sudden another week has gone by, honestly I can't keep up.
I'm sure they fucked about and reduced the days to 12 hours.
My advice for retirement, pay of the mortgage, overpayments if you can, we knocked about 4 years of ours with over payments, no debts(credit cards), any money coming in is your own, as long as I can pay the bills I'll sleep ok.
The bikes etc. is a bonus what "we" all worked worked for.
And what you going to do for the next 25 years?
Make memories and lots of them so you can bore the shit out of anyone that will listen when your older.