tag:blogger.com,1999:blog-2833358517929002860.post7175948713085345982..comments2017-11-14T05:09:08.117+00:00Comments on As yet, unwritten...: Retirement Fund Update - October 2017Jamiehttp://www.blogger.com/profile/15494401788406890187noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2833358517929002860.post-23580562854981560772017-11-14T05:09:08.117+00:002017-11-14T05:09:08.117+00:00Hey Weenie,
I spent ages working on 'the numb...Hey Weenie,<br /><br />I spent ages working on 'the number' as a goal for my retirement pot and how much I think I could realistically live on in retirement. I actually think I could live on much less than 12k per year, however you have to start somewhere and with four children still at home, there is a lot which will change between now and FIRE.<br /><br />I also agree that there is a lot of juggling needed to be able to reduce tax during retirement, however for me, having only a tiny pension now, I am able to control that figure as my work pension is by far the smallest amount in my pot, and I aim to supplement my SIPP withdrawals with income taken from my ISA.<br /><br />Inspired by your graphs, I thought it was about time I put together one of my own:) It will be exciting adding data to it as the months go by!Jamiehttps://www.blogger.com/profile/15494401788406890187noreply@blogger.comtag:blogger.com,1999:blog-2833358517929002860.post-73938192146293257112017-11-12T21:49:09.803+00:002017-11-12T21:49:09.803+00:00Hi Jamie
Interesting to read about your target nu...Hi Jamie<br /><br />Interesting to read about your target number for your retirement funds. If I'm able to retire early, then I plan to be a non-tax payer too. However, when I come to draw my company pension at age 65, this will take me over the tax threshold, so I'll probably have to do some juggling to try to minimise the tax I have to pay.<br /><br />Congrats on your first graph - it's going in the right direction! Looking forward to see how it develops! weeniehttps://www.blogger.com/profile/01602950445306813601noreply@blogger.com