£40k to invest for income

BLB53

You do not need to change your investing strategy. Just stick with what you are familiar with and merely sell down your investments to provide the 'income' you need.

ValiantSon

capital0ne wrote: »

This has to be the most ridiculous tip I've seen. Complete nonsense - why throw away £40k's worth of tax free investments?

Thanks for that. If you'd actually bothered to read on you'd see that I had posted that I had made an error and misread the OP's post. I had thought they said that they had already used their ISA allowance for this year. You would have had to read a whole two more posts before finding that out. Of course, rather than reading on you just chose to make a fatuous comment. So, once again, thanks for contributing nothing!

capital0ne

ValiantSon wrote: »

Thanks for that. If you'd actually bothered to read on you'd see that I had posted that I had made an error and misread the OP's post. I had thought they said that they had already used their ISA allowance for this year. You would have had to read a whole two more posts before finding that out. Of course, rather than reading on you just chose to make a fatuous comment. So, once again, thanks for contributing nothing!

Thanks for that, but it was you who didn't bother to read the initial post correctly posting an absolutely ludicrous suggestion.
I don't think you understand irony tho'. Hehehehe!

Paul_DNAP

The first strategy would be to see if you can pay extra into your pension funds. One thing overlooked can be if you qualify for a full state pension or not, and if not can you pay in some voluntary NI contributions to top it up? Could be a good return overall.


Then, as has been said, you want to plan in "retirement mode" which is earning interest off your capital coupled with a controlled draw-down in order to give you an enjoyable retirement.

AnotherJoe

ValiantSon why dont you delete your in-error post?

ValiantSon

capital0ne wrote: »

Thanks for that, but it was you who didn't bother to read the initial post correctly posting an absolutely ludicrous suggestion.
I don't think you understand irony tho'. Hehehehe!

You just look foolish.

I misread the post - I didn't,"not bother to the read the initial post correctly", there is a difference (I'm sure that you are so perfect that you have never misread anything). When my mistake was pointed out I acknowledged my mistake. You then came along and mocked me, even though I had already acknowledged my error. You are just being unpleasant.

Nothing you have written above explains why you were unable to read that I had already acknowledged my mistake. Perhaps you did read on and still choose to show off and make a fatuous comment. I can't know your motivation for being unpleasant. If that is what you need to do to feel better about yourself then that's a shame, but carry on, as I have broad shoulders. Your comments say more about you than they do about me.

I do understand irony, but you appear not to as there is no irony in your previous post. Perhaps you'd care to explain how what you wrote was ironic. Here's a definition of the word to help you identify where in your post there was irony:

"the expression of one's meaning by using language that normally signifies the opposite, typically for humorous or emphatic effect."

ValiantSon

AnotherJoe wrote: »

ValiantSon why dont you delete your in-error post?

Yes, I could do. I just didn't feel it was necessary as I had acknowledged my mistake. I'm not embarrassed to have made a mistake and am happy to admit it. I shall add a note that it was an error.

Alexland

Don't beat yourself up over it - we all make occasional errors when trying to help. The good thing is that messages in these forums get enough peer reviews that OPs don't go away with wrong information.