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Pensions Planning: The NUMBER

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Comments

  • HeyYeah
    HeyYeah Posts: 76 Forumite
    Third Anniversary 10 Posts Name Dropper
    /+-+-#/7-westv said:
    barnstar2077 said:
    westv said:
    I wouldn't have said spending a lot of money on things makes you middle class. 
    No, nor did I, only that spending a lot of money is what I have observed middle class people doing.  The discussion is about stereotypes of course, and many middle class people won't live that way.
    I think the difference is dinner and lunch.  :D
    I work in a big company, and last week explained to my young Swiss colleague why sometimes I say 'dinner' rather than 'lunch'. He was very surprised and asked 'but why do you say it wrong?', so I had to explain that it's not the Northerners but the Southerners who are incorrect.... So I politely disagree, I think lunch/dinner is more of a regional thing...

    But getting back on point, I'm still not sure what my number is, but I know I'm not there yet!
  • SouthCoastBoy
    SouthCoastBoy Posts: 1,134 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    edited 17 July 2022 at 3:00PM
    I'm definitely a lunch and tea person, not sure what that makes me
    It's just my opinion and not advice.
  • savingholmes
    savingholmes Posts: 29,130 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    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 £171.3K Equity 36.55%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £30.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 35.5/£127.5K target 27.8% 14/11/25
    (If took bigger lump sum = 62K or 48.6%)
    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 £5.1K updated 14/11/25
  • Kim1965
    Kim1965 Posts: 550 Forumite
    500 Posts Second Anniversary Name Dropper
    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 for25k
  • Kim1965
    Kim1965 Posts: 550 Forumite
    500 Posts Second Anniversary Name Dropper
    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. 

  • Terron
    Terron Posts: 846 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    barnstar2077 said:
    westv said:
    I wouldn't have said spending a lot of money on things makes you middle class. 
    No, nor did I, only that spending a lot of money is what I have observed middle class people doing.  The discussion is about stereotypes of course, and many middle class people won't live that way.
    Those who spend and show off their possessions are probably more obvious. 
  • Terron
    Terron Posts: 846 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    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...
    One definition is
    Working class - work with their bodies (physical labour)
    Middle class - work with their minds 
    Upper class - do what they please
  • Ibrahim5
    Ibrahim5 Posts: 1,308 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Ooh I am upper class.
  • westv
    westv Posts: 6,585 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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...
    One definition is
    Working class - work with their bodies (physical labour)
    Middle class - work with their minds 
    Upper class - do what they please
    What about upper middle class and lower middle class?  :D
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