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Pensions Planning: The NUMBER
Comments
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/+-+-#/7-westv said:barnstar2077 said:westv said:I wouldn't have said spending a lot of money on things makes you middle class.
But getting back on point, I'm still not sure what my number is, but I know I'm not there yet!1 -
I'm definitely a lunch and tea person, not sure what that makes meIt's just my opinion and not advice.1
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I think the term working class is ironic - as I'd be considered middle class I reckon - but still have to work for my living so where's the logic... I have working class roots - but then most of us have...Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/251 -
To be fair the amount of money a person has has little to with class. The traditional classes seem to become blurred since the early1980s.
My number is min21k, hope for25k4 -
Should add.
Semi retire in 2 yrs (60).
DB 8K, PT work15k ish
Fully retire67 9.6 ksp, 8k db 8k sustainable drawdown.
Leave the kids a house (400k) and around 250k dc.
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barnstar2077 said:westv said:I wouldn't have said spending a lot of money on things makes you middle class.1
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savingholmes said:I think the term working class is ironic - as I'd be considered middle class I reckon - but still have to work for my living so where's the logic... I have working class roots - but then most of us have...
Working class - work with their bodies (physical labour)
Middle class - work with their minds
Upper class - do what they please2 -
Ooh I am upper class.0
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Terron said:savingholmes said:I think the term working class is ironic - as I'd be considered middle class I reckon - but still have to work for my living so where's the logic... I have working class roots - but then most of us have...
Working class - work with their bodies (physical labour)
Middle class - work with their minds
Upper class - do what they please0 -
Terron said:savingholmes said:I think the term working class is ironic - as I'd be considered middle class I reckon - but still have to work for my living so where's the logic... I have working class roots - but then most of us have...
Working class - work with their bodies (physical labour)
Middle class - work with their minds
Upper class - do what they please7
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