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Dithering

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  • jamesd
    jamesd Posts: 26,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Another mortgage-tacking route might be downsizing. That could have the advantage of lowering expenses for utility bills and council tax. If viable it's a way to make the mortgage payments through age 85 even lower, making it easier to fund during the early years of retirement when you may have no pension income yet.
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    At the moment I am on 93% pension.
    I qualify for full pension next October when I'm 60. Then I don't get any more if I stay till I keel over.
    Just a question of whether I can manage without my salary until state pension kicks in if I go early.

    You could always retire at 60 with full pension and then boost your income with a bit of work; part-time, perhaps, or self-employed.
    Free the dunston one next time too.
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