2020

Where are you and where are you going?
Nomad
Posts: 313
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

I managed to track down a forgotten pension via this government website.
https://www.gov.uk/find-pension-contact-details

I worked for a company for 15 months around the year 1999 and I've got £25k squirreled away there :)
This is going to be transferred to one of my SIPPs...

Nomad
Posts: 313
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

Premature Monthly Overview.
Pensions
a) £40770 (same)
b) £73322
c) £7384
d) £70485
e) £24960 (found a pension)
Pensions total = £216921

Savings/stuff £8667

House £95000
Car £7800 (-100)

Total £328388 (82% of target)
Last edited by Nomad on Sat Feb 08, 2020 6:09 am, edited 1 time in total.

Cheepnis
Posts: 248
Joined: Mon Dec 31, 2018 11:52 am

Re: 2020

Post by Cheepnis »

Discovered money, huzzah! I had one of those moments back in the spring when I realized an account from when I briefly worked for the state didn't require vesting. It was only $4k but still a fun "discovery".

Nomad
Posts: 313
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

@cheepnis
I had estimated it would be about 2.5k - it's ten times that. So, rather pleased today ;)

Nomad
Posts: 313
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

Almost Month End Monthly Overview.
Pensions
a) £40770 (same)
b) £76072
c) £8567
d) £74827
e) £24960 (found a pension)
Pensions total = £225196

Savings/stuff £7582

House £95000
Car £7800 (-100)

Total £335578 (83% of target)
Last edited by Nomad on Sat Feb 08, 2020 6:08 am, edited 1 time in total.

wolf
Posts: 1053
Joined: Fri Jan 06, 2017 5:09 pm
Location: Germany

Re: 2020

Post by wolf »

How much is your WR Nomad?

Nomad
Posts: 313
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

@Wolf
If I assume I get no return from the house/car ownership and only from the remaining £232278 and that I spend £1250 a month.
The WR looks like being approx. 6.4%

wolf
Posts: 1053
Joined: Fri Jan 06, 2017 5:09 pm
Location: Germany

Re: 2020

Post by wolf »

Your WR is already quite low. Is health insurance included or excluded in your monthly spendings? In Germany health insurance is usually directly paid from gross income. It's the same in UK, I guess?

Nomad
Posts: 313
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

@Wolf
Yes, I may have a little holiday around Summer 2020 as a trial of ERE. Health insurance in the UK is just bundled into salary - mainly as an item called 'National Insurance'. People who are not working or retired are still covered.

Nomad
Posts: 313
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

The official end of 2019 - the dust has settled.

Pensions
a) £40770 (same)
b) £76238
c) £8509
d) £74507
e) £24960 (found a pension)
Pensions total = £225026

Savings/stuff £7700

House £97000 ( house value up 2K )
Car £7800 (-100)

Total £337526 (84% of target)
Last edited by Nomad on Sat Feb 08, 2020 6:08 am, edited 1 time in total.

Nomad
Posts: 313
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

WW3 averted, markets recover.

Pensions
a) £40770 (same)
b) £76831 (+493)
c) £9220 (+711)
d) £75426 (+919)
e) £24960
Pensions total = £227207

Savings/stuff £7896

House £97000 ( house value up 2K )
Car £7700 (-100)

Total £339803 (+2319) (84% of target)
Last edited by Nomad on Sat Feb 08, 2020 6:07 am, edited 1 time in total.

Nomad
Posts: 313
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

Hmmm, markets going crazy. This is a great thing.
I think I may be done with work by the end of this year - strangely on schedule.

Thinking about travel options then.

Nomad
Posts: 313
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

Markets heating up.

Pensions
a) £40770 (same)
b) £77834
c) £9754
d) £77211
e) £24960
Pensions total = £229896

Savings/stuff £7391

House £97000
Car £7700

Total £341987 (85% of target)


The journal is 600 days old. Started with £258k, now up to £342k
Last edited by Nomad on Sat Feb 08, 2020 6:07 am, edited 1 time in total.

Nomad
Posts: 313
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

I'm slightly alarmed by how smoothly the investments are going at the moment. I think a possible date for trial FIRE could be June/July...

Nomad
Posts: 313
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

Ok, I'm pinning my target up. I'm aiming for net worth of £400k for July/August this year.
If I make that, I'm out.

wolf
Posts: 1053
Joined: Fri Jan 06, 2017 5:09 pm
Location: Germany

Re: 2020

Post by wolf »

Would/Could you draw down from pensions ?

fingeek
Posts: 124
Joined: Wed May 24, 2017 8:16 am
Location: South Wales

Re: 2020

Post by fingeek »

Nice! Is that out at £400k regardless of when you hit it? (even before/after Jul/Aug?) What are your life plans next?

Nomad
Posts: 313
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

@Wolf
I can't get my money directly on pension money until 3 years from now or 30 months from my hoped-for retirement date. I do need to create a pool of money this side of that line to live on until then.
I have about 21k but this doesn't show on my financial summary as savings/stuff because it is presently 21000 - 14750 = 6250. Summarised as £7391 above.

Nomad
Posts: 313
Joined: Wed May 16, 2018 5:23 pm
Location: UK

Re: 2020

Post by Nomad »

@fingeek
It is regardless of when I hit it - I'm just hoping with focus and favourable winds I can get there this Summer. Much of it depends on the markets. Next on the list is have a big break, do some travelling around the med, maybe far-East Asia ( is very cheap ). Do some music recording etc...

fingeek
Posts: 124
Joined: Wed May 24, 2017 8:16 am
Location: South Wales

Re: 2020

Post by fingeek »

Great, good luck, it doesn't seem too far away either way!

I get the "big break" thing for sure, but of course the question is: Why haven't you done those things already?

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