It's time to start digging up those Squirrelled Nuts!!!!

Sea_Shell

shinytop said:

Sea_Shell said:

Just been looking at our overall portfolio split between Equities/Bonds/Cash. 

We're currently at approx.
Equities - 60%
Bonds - 30%
Cash - 10%

So if these performed at 4%, 2%, and 0.5% respectively, going forwards, that would return us approx. £18,500 pa.

Current spends, 12 months to date, is £12,700.     This includes 4 UK short breaks and our two new leather recliners, which account for about £3000 of that spend.

We're similar, about 62/26/12. But we do have DB pensions too.  At the moment, like you, our investments are earning more than we spend.  Hopefully there will be more spending opportunities for us all in the coming months!
 

DH has some DB pensions to come too, which would be £8,500 in todays money (indexed)
Plus we'll both have some SP too, about £7,700 each in todays money.    Not full, but we'll address that nearer the time.
So by the time these are all in payment, we'd have about £24,000 pa in todays money.
Those don't start kicking in for another 10 years, so our pot is mainly about bridging that gap.

I think we've got it covered!

Bravepants

Based on my, I think, comfortable plans for pre-60 drawdown and DB pensions at 55 and 60, when my SP kicks in at 67 I will have a 50% increase in my income!

It is tempting to increase drawdown from my ISA during pre-60 years to more smooth the transition to SP, but I'm too nervous to do so and I'm not sure what I would spend the money on anyway!

This is part and parcel of the fear of jumping to early retirement I think.

westv

Bravepants said:

Based on my, I think, comfortable plans for pre-60 drawdown and DB pensions at 55 and 60, when my SP kicks in at 67 I will have a 50% increase in my income!

It is tempting to increase drawdown from my ISA during pre-60 years to more smooth the transition to SP, but I'm too nervous to do so and I'm not sure what I would spend the money on anyway!

This is part and parcel of the fear of jumping to early retirement I think.

If you don't know what you will spend it on then why not reduce DD at age 67 so you end up with the same income as at 66?

Bravepants

westv said:

Bravepants said:

Based on my, I think, comfortable plans for pre-60 drawdown and DB pensions at 55 and 60, when my SP kicks in at 67 I will have a 50% increase in my income!

It is tempting to increase drawdown from my ISA during pre-60 years to more smooth the transition to SP, but I'm too nervous to do so and I'm not sure what I would spend the money on anyway!

This is part and parcel of the fear of jumping to early retirement I think.

If you don't know what you will spend it on then why not reduce DD at age 67 so you end up with the same income as at 66?

Yes, that's what I would do. I won't need to draw down the same amount once SP kicks in. I'm afraid this is one of those 1st World problems. Pre-60 the money may as well just stay in my ISA anyway!

Sea_Shell

Another trip done and dusted.   Was lovely, and we were really lucky with the weather.

Hunstanton, Norwich, Sheringham, Wells-next-the-sea, Kings Lynn, and back to Hunstanton.

With only outdoor dining allowed still, and some very heavy clouds brewing up from time to time, we mainly just had either bought sandwiches for lunch and then eat in food back at base.   With, of course, more seaside fish & chips!!!   (we don't actually live on F&C, we only tend to have them as a treat when we are away - especially when at the coast)

We smashed the spend from last time, at £70 this time!!!!    Woo-hoo.     And £19 of that was parking!!   We did a bit more touring round so we had multiple car parks to pay at, and we had a full day there on the Monday, rather than just travel straight to the accommodation Monday afternoon, so it really was a 4 days out trip, rather than a 3.  

As for other finances whilst we've been away....don't look!!!!!!   Eeek!!!!     Nah, that'll be OK in a week or so (hopes)

quirkydeptless

Sea_Shell said:

We smashed the spend from last time, at £70 this time!!!!    Woo-hoo.     And £19 of that was parking!!  

Fridge magnets?

Sea_Shell

Oh yes.  Another £2 on a fridge magnet!!

I might have to get/make a separate display board for them soon.

quirkydeptless

Sea_Shell said:

Oh yes.  Another £2 on a fridge magnet!!

I might have to get/make a separate display board for them soon.

Or get a bigger fridge

Sea_Shell

quirkydeptless said:

Sea_Shell said:

Oh yes.  Another £2 on a fridge magnet!!

I might have to get/make a separate display board for them soon.

Or get a bigger fridge

We already have a shoulder height fridge and separate freezer!!!!    I just don't want them to look "messy" and "cluttered", which they are starting to do.     So I'm pondering an actual "place" for my collection, rather than just the FF, if you see what I mean.

Something like this...

https://images-na.ssl-images-amazon.com/images/I/7159zVB2nYL.__AC_SY300_QL70_ML2_.jpg

jennystarpepper

Sea_Shell said:

Another trip done and dusted.   Was lovely, and we were really lucky with the weather.

Hunstanton, Norwich, Sheringham, Wells-next-the-sea, Kings Lynn, and back to Hunstanton.

With only outdoor dining allowed still, and some very heavy clouds brewing up from time to time, we mainly just had either bought sandwiches for lunch and then eat in food back at base.   With, of course, more seaside fish & chips!!!   (we don't actually live on F&C, we only tend to have them as a treat when we are away - especially when at the coast)

We smashed the spend from last time, at £70 this time!!!!    Woo-hoo.     And £19 of that was parking!!   We did a bit more touring round so we had multiple car parks to pay at, and we had a full day there on the Monday, rather than just travel straight to the accommodation Monday afternoon, so it really was a 4 days out trip, rather than a 3.  

As for other finances whilst we've been away....don't look!!!!!!   Eeek!!!!     Nah, that'll be OK in a week or so (hopes)

I'd like a picture of the F&C please, feel ages since I've had a nice bit if fresh Haddock.