Early Retirement Extreme Forums

I'm struck by something whitebelt wrote in biscuits & gravy's journal: Compartmentalizing in the moment is great to get through something in the short term, but disastrous over the long term if you don't ever dedicate time to process all of the things that you pushed aside during those times. If...

@ take2 - yes, I am heavily impacted by the tapering. You can normally get a tax deduction for putting up to 60,000 a year (in 2023/24) into your pension fund if you are unaffected by tapering. I am affected by tapering so I could only get a tax deduction for about the first 20,000 in tax year 2023/...

Assets and liabilities check 02/04/24 Assets Property - £992,000 Saleable collections - £42,000 Car - £10,000 Pension 1 - £970,000 Pension 2 - £95,000 Pension 3 - £148,000 Professional assets - £260,000 ISAs - £0 NS&I - £0 Cash - £7,000 Gross assets- £2,524,000 Liabilities Credit cards - £7,000 ...

@ take2 - you are not wrong...

Loan will be about £15,000 gross; my marginal tax rate is 47% so tax break is worth about £7,000; interest will be less than £1,000 over 18 months...

Assets and liabilities check 04/03/24 Assets Property - £992,000 Saleable collections - £42,000 Car - £10,000 Pension 1 - £922,000 Pension 2 - £95,000 Pension 3 - £148,000 Professional assets - £230,000 ISAs - £0 NS&I - £0 Cash - £4,000 Gross assets- £2,443,000 Liabilities Credit cards - £8,000 ...

(i) rest assured that many of us read and learn from these posts and also from the way your thoughts and habits develop over time. Please keep posting!

(ii) I don’t think you should feel bad about eating oatmeal and salad. It may not be the local cuisine but nor is it climate-destroying.

@ J_ - I have long been a fan of döstädning. I lived for 20 years in a 30 sq.m. apartment and when I was there really had to live mindfully in terms of bringing things into it. Every year or two I would decide to go round and find 100 things to throw away every day for as long as I could. One year I...

I continue to remain grateful to all of the thoughtful people who post on the ERE forums about their hopes, fears, and inspiring adventures. I lurk and I read, even when not contributing. What you do, and talk about doing, individually, and collectively, really helps those of us who mainly lurk. Ass...

I remain grateful to all of the thoughtful people who post on the ERE forums about their hopes, fears, and inspiring adventures. I lurk and I read, even when not contributing. What you do, and talk about doing, individually, and collectively, really helps those of us who mainly lurk. Assets and liab...

Congratulations on the nuptials. As someone who took the plunge for the first time at 49, I was surprised afterwards at how different it felt to ‘just’ being in a committed relationship. It was like there was a new broader base of stability to push off. [I mentioned this to one of my long-married fr...

Assets and liabilities check 01/02/23 Assets Property - £987,000 Saleable collections - £41,000 Car - £8,000 Pension 1 - £793,000 Pension 2 - £88,000 Pension 3 - £110,000 Professional assets - £200,000 ISAs - £0 NS&I - £0 Cash - £9,000 Loans out - £10,000 Gross assets- £2,246,000 Liabilities Cre...

Hurrah for the return of Yellowface. She does indeed look mighty healthy.

Glad that you, FFJ, are also out of the woods healthwise.

That's a lovely story! Congratulations to you both.

First offer, in a couple of days, above listing price is a nice thing to have in the back pocket.

Assets and liabilities check 03/05/21 Assets Property - £350,000 Saleable collections - £17,000 Pension 1 - £656,000 Pension 2 - £85,000 Pension 3 - £96,000 ISAs - £54,000 NS&I - £50,000 Cash at bank - £8,000 Loans out - £16,000 Gross - £1,332,000 Liabilities Credit cards - £4,000 Net - £1,328,0...

Assets and liabilities check 02/04/21 Assets Property - £350,000 Saleable collections - £17,000 Pension 1 - £634,000 Pension 2 - £85,000 Pension 3 - £96,000 ISAs - £55,000 NS&I - £43,000 Cash at bank - £8,000 Loans out - £16,000 Gross - £1,304,000 Liabilities Credit cards - £4,000 Net - £1,300,0...

Ella, thank you for the update. Seems like you are in a good place right now, and I'm happy for you.

@ Bankai - in theory I would be liable for more tax - but I am expecting the cap will go up a fair bit by 2031, and I am still almost 400k from the current cap, so it doesn't make sense to stop now.

@ bankai - thanks! But it's more easy for me to do than most because I am a fairly high earner now. In fact, save for 2018, my NW has increased by an average of about £100k a year since 2012 - in the early days it was a soaring stock market and rising property prices that did it, more recently it's ...

Assets and liabilities check 02/03/21 Assets Property - £350,000 Saleable collections - £17,000 Pension 1 - £619,000 Pension 2 - £85,000 Pension 3 - £96,000 ISAs - £48,000 NS&I - £50,000 Cash at bank - £6,000 Loans out - £14,000 Tax refund due - £3,000 Gross - £1,288,000 Liabilities Credit cards...