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Comments

  • shinytop
    shinytop Posts: 2,187 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    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
    DairyQueen Posts: 1,865 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    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
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    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.
    Free the dunston one next time too.
  • shinytop
    shinytop Posts: 2,187 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    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
    DairyQueen Posts: 1,865 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    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
    Sea_Shell Posts: 10,151 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Just making my 1000th post...nothing to see here!!!;):beer:
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • Sea_Shell
    Sea_Shell Posts: 10,151 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    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!!!
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • ffacoffipawb
    ffacoffipawb Posts: 3,593 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    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
    DairyQueen Posts: 1,865 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    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
    Audaxer Posts: 3,552 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    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.
This discussion has been closed.
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