Search found 12 matches

by penny
Sun Jan 15, 2017 8:37 am
Forum: Introduce Yourself
Topic: New from the UK
Replies: 12
Views: 2651

Re: New from the UK

I thought I would post an update. I retired in August 2016. I will be mortgage free from next month. Currently I have £352k in savings/holdings. A substantial part of this increase from my last posting is due to the stock market's performance since the Brexit vote. We still have the rental property ...
by penny
Thu Nov 12, 2015 3:36 pm
Forum: Money Questions
Topic: Money consciousness
Replies: 19
Views: 2940

Re: Money consciousness

You should also begin to cultivate ideas for what you might do with your time and energy after FI, and as much as possible start weaving them into your life now. I find this really difficult. My job absorbs 70+ hours a week and has done for many years with an adverse impact on time for my family, i...
by penny
Fri Oct 30, 2015 5:17 am
Forum: Money Questions
Topic: SWR milestone record
Replies: 220
Views: 93229

Re: SWR milestone record

Thanks for your reply egg. How do you arrive at 23.5% and 12%? Are these figures actual draw down or returns made in a given year? Like I said, this is new to me so any insight is appreciated. Expenses/Assets * 100. I personally look at my expenses over the course of a year. One area where I think ...
by penny
Thu Oct 29, 2015 4:57 pm
Forum: Money Questions
Topic: SWR milestone record
Replies: 220
Views: 93229

Re: SWR milestone record

Thanks for your reply egg. How do you arrive at 23.5% and 12%? Are these figures actual draw down or returns made in a given year? Like I said, this is new to me so any insight is appreciated.
by penny
Thu Oct 29, 2015 1:59 pm
Forum: Money Questions
Topic: SWR milestone record
Replies: 220
Views: 93229

Re: SWR milestone record

~23.5% Not sure that really counts as an "SWR", mind, as I'm pretty sure only the extremely foolish would feel confident getting the ~25% returns required to sustain that one...! As someone new to ERE, I am finding this tricky. Perhaps I've misunderstood, but isn't SWR the percentage you can safely...
by penny
Mon Oct 12, 2015 3:41 pm
Forum: Introduce Yourself
Topic: New from the UK
Replies: 12
Views: 2651

Re: New from the UK

Good advice - thank you!
by penny
Mon Oct 12, 2015 2:47 pm
Forum: Introduce Yourself
Topic: New from the UK
Replies: 12
Views: 2651

Re: New from the UK

Thanks GandK. Out of interest, what do you think are the complicating factors?
by penny
Mon Oct 12, 2015 2:18 pm
Forum: Introduce Yourself
Topic: New from the UK
Replies: 12
Views: 2651

Re: New from the UK

No worries heyhey, I'm ultra cautious!
by penny
Mon Oct 12, 2015 1:50 pm
Forum: Introduce Yourself
Topic: New from the UK
Replies: 12
Views: 2651

Re: New from the UK

Hi heyhey,

That's really useful - thank you! My state pension should be okay as I've kept it topped up. Much food for thought there - it feels good to know that I could go soon if necessary. :)
by penny
Mon Oct 12, 2015 9:06 am
Forum: Introduce Yourself
Topic: New from the UK
Replies: 12
Views: 2651

Re: New from the UK

Hi GandK - thanks for the reply. 1. The balance on the mortgage is about £30k and the interest is at 1%. The house is worth around £500k 2. SIPs are self invested pensions and ISAs are tax free savings which can be invested as cash or in shares/funds. Nearly all of my SIP and ISAs are invested in fu...
by penny
Mon Oct 12, 2015 7:48 am
Forum: Introduce Yourself
Topic: New from the UK
Replies: 12
Views: 2651

New from the UK

Hello everyone, It's good to be here! I'm keen on 'retiring' as soon as possible but am unsure about how to definitively work out when that might be and would welcome any advice! A bit about me: I'm 53. I can draw an occupational pension either from 60 (currently it's worth £11,200 pa + 32,400 tax f...