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Could you retire on half your current income?

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  • copey wrote:
    Thanks for the link edinvestor unfortunatly I cant get into it,some prob with "plug ins",will have another attempt later

    You need Adobe Acrobat for that file.

    Try here for (free) Acrobat 7.
  • we aren`t quite retired yet but income fell to half two years ago when dh downshifted working hours

    mortgage is paid, children flown, some savings in the bank, accumulated in a frenzy when we knew about the compulsory downshifting. Talk about me being in panic mode!!

    we don`t have an extravagent lifestyle and I cook from scratch etc. We run a new skoda octavia 4x4 estate and an older audi A3, had it 10 years from new. We have management charges for this leasehold townhouse but we get wonderful benefits ie acres and acres and security, gardeners, window cleaning etc

    Anyway we have to pay for: energy, food and clothes, contents and car insurances, telephone, broadband, water and council tax and that`s basically it. So far the living has been manageable but we may sell the audi when dh retires fully. We have been on 3 holidays since summer, when the old dog died, 1 in scotland, 1 in wales and 1 in malta ala saga. I have booked 2 more abroad for next year and 2 more in sc in wales next year. That should get the travel bug out of the system as we have been tied with pets for 35 years and anyway I dipped into the savings pot

    I obviously have more refining to do but yes we can live on half the salary and we`re comfortable and by no means rich

    It will be interesting when all the pensions kick in starting in 2 years time and over the following 5 years ie 2 state pensions and mine alone will be £103 pw. My small teaching pension, my sipp pension which I manage, my dh`s sipp which I also manage. I can see us living the high life one day. Who says that being prudent doesn`t eventually pay
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