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Bear Market/Crashes: how do Retirees Deal with it?
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You little tease, I take it this SIPP was all the loose change you have accumulated over the years before putting your trousers in the press.
One little letter missing and what grief you get!
This SIPP contains all my pension investments since the mid 80s other than the last three/four years or so that are in a different pot for Pension Input Period reasons. It's about 50% of our investments so the one I use as a bellwether.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Oh, and I've spent my career working in jeans and T-shirt about 99% of the time and wouldn't know how to work a trouser press!I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
The trouser press was invented in 1882 by Archibald Gap and revolutionised trouser production.
Based on your figures my bottom line has shrunk by about the same amount. Ie the imaginary 2018 Range Rover Sport has disappeared of the drive, I!!!8217;ll miss the imaginary smell of leather.
Edit anyone know what’s the story on the random numbers pitching up in the text?0 -
:DI know Im’ not the only one having trouble with apostrophes.0
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Thrugelmir wrote: »What level of payment from an annuity do you regard as poor?
Or is it the loss of your capital that concerns you. In that you expect not only to derive an increasing income from your pot, but be left with a capital sum as well.
Has anyone done a comparison between drawing down and an annuity, I assume that drawing down (albeit with risks) is better because the annuity company is going to factor in the risk (probably more pessimistically), admin costs and profit?Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
the imaginary 2018 Range Rover Sport has disappeared of the drive
My Telsa Model S is currently rather virtual too.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
chucknorris wrote: »Has anyone done a comparison between drawing down and an annuity,
For chapter and verse see "Living Off Your Money" that dissects buying guaranteed income at great length with massive amounts of back testing.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »For chapter and verse see "Living Off Your Money" that dissects buying guaranteed income at great length with massive amounts of back testing.
Thanks, for anyone else that wants to delve deeper, here is link to download the first 3 chapters of that book:
http://livingoffyourmoney.com/wp-content/uploads/2016/05/LivingOffYourOwnMoney_eBook_FirstThreeChapters.pdf
This looks like the sort of thing that I wanted to read, I'm rushing out to the gym right now, so I'll read this tomorrow:
https://www.unbiased.co.uk/news/pensions/drawdown-or-annuity-crunching-the-numbers
https://www.unbiased.co.uk/news/pensions/drawdown-or-annuity-rolling-with-the-risksChuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Note the book looks at various combinations of GI (guaranteed income) versus bonds/equities and is well worth a read. In fact, read once to get a feel, and then again to mark the pages needed to work the spreadsheets.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0
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