Have we got our sums right?? Appraise our plan.

shinytop

I built my own spreadsheet

so did I; it's very 'trial and error' in terms of scenarios but does the job up to a point. I'm sure somebody better at programming that I am could do something cleverer to help me with my two aims of (1) getting as close to LTA as possible before I retire and (2) spending all my money before I die without paying HRT.

DairyQueen

shinytop wrote: »

(2) spending all my money before I die without paying HRT.

Easy peasy. Just tell us the date of your (future) death and we can calculate that for you

kidmugsy

shinytop wrote: »

my two aims of (1) getting as close to LTA as possible before I retire and (2) spending all my money before I die without paying HRT.

(2) is easy: at age 75 buy an annuity.

shinytop

Actually it's a bit easier than I made it sound. Date of death is not as significant as it could be as c.70% of income will be from DB pensions (yes I have thought about if one of us dies). It's more a case of spending the DC pot while we're young enough to enjoy it.

Another market downturn or an increase in the HR threshold will fix it for me.

DairyQueen

shinytop wrote: »

Another market downturn or an increase in the HR threshold will fix it for me.

You may not have to wait for the next one

Sea_Shell

Just making my 1000th post...nothing to see here!!!;):beer:

Sea_Shell

Just having a tot-up of the current situation....OK so the recent correction has had an impact these last 3 months, but year on year I think we're still solid. Annual spends look like they're going to come in under £13k again.

Right off into the shower now, dressed up, and I think I may have a few pressies under the tree, and a glass of fizz and a croissant. Merry Christmas everyone!!! Happy Bean counting!!! Here's hoping for a prosperous 2019!!!

ffacoffipawb

shinytop wrote: »

Actually it's a bit easier than I made it sound. Date of death is not as significant as it could be as c.70% of income will be from DB pensions (yes I have thought about if one of us dies). It's more a case of spending the DC pot while we're young enough to enjoy it.

Another market downturn or an increase in the HR threshold will fix it for me.

DairyQueen wrote: »

You may not have to wait for the next one

How right you were.

DairyQueen

ffacoffipawb wrote: »

How right you were.

T'was overdue and much anticipated. Volatility goes with the territory of S&S investment so best we all just sit tight and wait for the storm to pass.

Audaxer

MK62 wrote: »

once into drawdown, sequence risk is very real - a couple of bad years at the start can devastate a pension pot.....

That's why I think its sensible to have several years income in cash as a buffer.