250k To invest

Pincher

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and we move your container home for you: by train or by lorry.

Obviously, the better the location, the higher the rent, but you can also pick up bargains during off peak seasons.

Be in on the ground floor, before it takes off.

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toffee'n'tom

Ok everyone. But still what it is the best way to invest 250k to 300k for an income? Can I retire early on this if invested wisely?

PaulD23

Yes you can my friend.
Call or e-mail me and I'll help you as much as I can.
I'll even take you to my adviser where you can sit down with him and he'll explain how you can, 100% guaranteed !

ColdIron

Bravo. Troll level - advanced

grey_gym_sock

toffeentom wrote: »

Ok everyone. But still what it is the best way to invest 250k to 300k for an income? Can I retire early on this if invested wisely?

the thread has got a bit derailed by the posts from the shyster ...

getting back on topic: it depends how much you expect to spend in retirement, and how your other pensions fit in.

first: you say that you can get £4,800 per year, + £17k lump sum, from age 55. but that is unlikely to be the best way to take that pension. you might be better off

a) taking a higher annual amount instead of the lump sum

b) (assuming that 55 is less than the normal retirement age) not taking the pension until the NRA, and meanwhile just spending some of your £250k capital to cover the gap in income. it may sound bad to spend capital, but it can be sustainable, considering your overall finances.

then: how much state pension do you expect to get?

and what gaps in income does that leave, for how long? this may be different in different periods, viz.

1) before taking either pension

2) after taking work pension but before state pension age (unless they're at the same age)

3) after taking all pensions

if we have number for shortfall in income in those periods, then we can see whether it's plausible to fill the gaps from your £250k+ capital.

toffee'n'tom

I've decided to leave the pension where it is until I'm 60 when it'll be approx 8k and 24k lump sum. I'll either work self employed or employed until then. I'll still have 250 -300 to invest to fund my retirement. I've been on the gov pension check and I'll be entitled at the moment to 146 a week pension at 67 (if I make it till then )

PaulD23

For all those who call me names let's meet up anytime in a convenient location as I've got nothing to hide
I'm no troll or shill, whatever that means ?

DrSyn

toffeentom wrote: »

I've decided to leave the pension where it is until I'm 60 when it'll be approx 8k and 24k lump sum. I'll either work self employed or employed until then. I'll still have 250 -300 to invest to fund my retirement. I've been on the gov pension check and I'll be entitled at the moment to 146 a week pension at 67 (if I make it till then )

1. If you do decide to see an IFA the following might be of help

For help in finding an independent financial adviser, contact one of the following organisations:

Independent Financial Promotions (IFAP)

Website: https://www.unbiased.co.uk

Institute of Financial Planning (IFP)

E-mail: enquiries@financialplanning.org.uk
Website: https://www.financialplanning.org.uk

Personal Finance Society (PFS)

E-mail: customer.serv@thepfs.org
Website: https://www.findanadviser.org


2. An make sure you check IFA's out on the FCA register.
https://register.fca.org.uk/


3. The following may give you some ideas, hope they help:-

http://monevator.com/how-to-live-off-investment-income/

http://monevator.com/investment-trusts-for-deaccumulating-income-investors/

http://monevator.com/this-former-hedge-fund-manager-reveals-how-you-can-invest-for-life-in-five-quick-videos/

Eco_Miser

toffeentom wrote: »

Ok everyone. But still what it is the best way to invest 250k to 300k for an income?

I wish I knew - I'm hoping a mix of investment trusts for income, and a multi-asset fund for growth will do the trick. Greybeard on Monevator has some ideas for living off capital.

toffeentom wrote: »

Can I retire early on this if invested wisely?

I retired early on less than that, but I'm in a cheap part of the country, and no expensive [strike]vices[/strike] hobbies, and I also knew I could survive on my pensions once they kicked in.

It can be worthwhile spending part of your capital to live on, so as to not take a reduction in your work pension, and to gain additional State Pension by deferring, both of which give a guaranteed increase in pension for life.