hifinutt
hifinutt
Some depressing numbers here, folk retiring on way more than I currently earn doesn't bode well. I think a trip to Switzerland may be on the cards for me.
hopefully here matt and not that other place
Some depressing numbers here, folk retiring on way more than I currently earn doesn't bode well. I think a trip to Switzerland may be on the cards for me.
When I was a kid our next door neighbour tried the hosepipe on the exhaust method. His wife came home early from work and smelt the fumes coming from the garage, opened the door and called 999. He was left brain damaged and she spent the rest of his life caring for him.
Utterly tragic ... as are all aspects of suicide and the often severe impact it can have on the lives of others.
yes , suicide can be utterly horrific as you say . i am sure we all know horror stories of friends who committed suicide . PFM makes a great contribution in keeping folks talking and i am sure has prevented a few in its time
I was made redundant at 46 after 26 years service. Firstly, I paid the mortgage off then transferred my Final Salary Pension to a SSIP - the TV factor at the time was huge. I'm 55 next year so could take some out of the SSIP but fortunately my wife is 8 years my junior and so still working and keeping me in beer and peanuts.
Whatever you do, stay with your wife!
If folk want to discuss suicide can I respectfully ask you start a new thread please?
I'm sure I'm not alone in finding it a bit triggering (for want of a better phrase).
In drawdown there is way to give that hump of money for when you will likely be more active..you use the tax-free element first, this also leaves a larger taxable amount invested to grow so you should be better off overall. If you instead draw both tax-tree and taxable early on you withdraw money money to offset the tax paid. All our circumstances vary…IFA advice is key.I found my IFA through a friend. He was in a well paid / high pressure sales role but ‘semi-retired’ at 55… became a part time caddie at Gleneagles. He was very positive about his IFA and the whole experience and made an intro. I’d try get a recommendation from someone if you can. I enjoy my job but I plan to retire @ 55 next year.
One thing I would offer based on my research is you don’t need a flat level of income….so you will spend more 55-70….then spending seems to reduce. Quite a bit of evidence of this across this being the case in different regions of the world.
There are quite a few good YouTube resources that I would look at, search ‘meaningful money’ and ‘Edmund Bailey’.
I’m going for semi-retirement next year. Working a four day week from January, down to just two from July. I’m 60 in May.
I have several pension pots from various employment, and really wondering about speaking to an IFA about it all. What’s a good way to find one?