Early-retirement wannabe

Brunbjorn

ManofLeisure wrote: »

We visit Sweden once a year and that's enough for my wife . I agree, it is beautiful, but I wouldn't want to live there. As for the tax...... I pay too much as it is lol. I never imagined that I would be a higher rate tax payer in retirement. Still, it's better to have money, than to be in financial difficulty

I agree Sweden is not the place to retire to for many people. A pension of around ten thou a year would probably be below the threshold for UK income tax - but the Swedish personal tax allowance is very low (around £3K) - the rest of your pension would be taxed at a headline rate of 32%. (although it works out that a quarter of your pension goes in tax to Sweden).

Of course, if your pension is classed as a 'government pension' then its only subject to tax in the UK.

atush

Marine, are we the only 2 people on this board who can make homemade Spatzle?

DancingBadger

atush wrote: »

Marine, are we the only 2 people on this board who can make homemade Spatzle?

Make that three...

Much easier than retirement investing.

atush

Gosh, I have found people in the UK dont even know what Spatzle is lol.

You can't get it like pasta ready made here like you can in the US and Germany, so I have to make it by hand (like my granny did).

Marine_life

atush wrote: »

Marine, are we the only 2 people on this board who can make homemade Spatzle?

2?


I suspect you may be the only one ;-)

atush

Ok, your wife then lol? Anyway, dancing badger can apparently.

As an expat I often found myself places where you could not buy the foods you wanted, from chinese (so I had to learn to make dim sum) to Thai (so I learned to make that) to homemade pasta to spatzle.

I once made peking duck when living in the bahamas and you hang it to air dry the skin. The local maids in my complex thought I was doing voo doo lol.

itm2

Marine_life wrote: »

To change tack slightly.

The elephant in the room in our retirement planning at the moment is what to do with our retirement cash?

In the space of the next 12 months we will have around €1 million burning a proverbial hole in our retirement pocket and the question is what to do with it?

This is probably already on your radar but hedge funds/absolute return funds might have a role to play. Fund managers with a decent track record in protecting capital during downturns, and with a multi-asset or long-short portfolio construction.

I'm in drawdown and the largest slice of my pie is spread across these types of investments. As it happens, one of my best friends worked in investment banking and he's helped enormously with recommendations.

atush

Personal assets trust?

ManofLeisure_2

BucksLady wrote: »

To be honest, I think you are right about us having a buy-to-let. The problem we have is our income, which is about £150,000 annually. We do invest in pensions, equities etc, but OH wants to invest more in property.

If you would like to discuss further, then please feel free to pm me (or your OH). I guess the areas in which I'm most familiar are : Bucks, Kent, London and Surrey.

Deneb

AlwaysLearnin wrote: »

Just to point out, theres a "u" missing from "August" at the bottom.

Image Gallery is spelled Image Glallery as well ;-)