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Prosperous soul in the making

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  • savingholmes
    savingholmes Posts: 29,210 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks Jwil. They were testing him because I rang his GP direct. Need to arrange a new blood test and at some point go back for his car. We may blow the budget and put DS back on insurance so he can help out more. Costs come down now he is 23
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £2.1K Net savings after CCs 14/5/26 (but owed £1.3K) so £3.4K
    3) Mortgage neutral by 06/30 (AVC £44K + Lump Sums DB £4.6K + (25% of SIPP 1.7K) = 50.3K of £127.5K target 39.4% 3/7//26 (If took bigger lump sum = 72.2K or 56.8%)
    4) FI Age 60 income target min £17.1/30K 57% (may need more) If bigger lump sum £15.8/30K 52.67%
    5) SIPP £5.7K updated 29/5/26
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