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Moving forward and upwards

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Comments

  • savingholmes
    savingholmes Posts: 29,137 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Make sure you look into pensions in detail before any decision to transfer out... DB pensions are worth a lot as they are guaranteed unlike other types. I only want to do one of mine as I have a second DB that I'm keeping... and the first offered a lot for me to go.... Not that I can yet anyway.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £169.8K Equity 37.1%
    2) £1.5K Net savings after CCs 11/2/26 (but owed £1.4K) so £2.9K
    3) Mortgage neutral by 06/30 (AVC £34.8K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 40.6/£127.5K target 31.8% 16/11/25
    (If took bigger lump sum = 62.7K or 49.2%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £5.2K updated 16/1/26
  • MovingForwards
    MovingForwards Posts: 17,178 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    I will be SH, the value isn't going to be anywhere near yours as I've only just reached the point I can't cash it back in. I always said this pension is pocket money. 
    Mortgage started 2020, aiming to clear 31/12/2029.
  • savingholmes
    savingholmes Posts: 29,137 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Good that you slept well and have pampering as a regular diary item
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £169.8K Equity 37.1%
    2) £1.5K Net savings after CCs 11/2/26 (but owed £1.4K) so £2.9K
    3) Mortgage neutral by 06/30 (AVC £34.8K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 40.6/£127.5K target 31.8% 16/11/25
    (If took bigger lump sum = 62.7K or 49.2%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £5.2K updated 16/1/26
  • MovingForwards
    MovingForwards Posts: 17,178 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Thanks SH

    I didn't realise, or admit, to how bad it dragged me down and how much it physically affected me.  I'm already feeling better within myself, still in pain but no where near what it normally is. How much stress and pressure was I under!

    This weekend it's full pamper, fill up car, plant garlic and onions, subject to weather, and keep smiling.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • savingwannabe
    savingwannabe Posts: 16,622 Forumite
    Part of the Furniture 10,000 Posts
    Brilliant. I am sooo happy for you. I am joining you tonight and tomorrow. A few days off. Hurrrah. You garden and i will tidy my housey. 
    Aiming for a minimal spend 2022
  • MovingForwards
    MovingForwards Posts: 17,178 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Thanks SW
    The weather might be ok for a bit and I can make a start as I've loads to get in!
    TomBo has also offered to drop me to the pool if I want a session, I'll see if I get my legs pamper done after getting up 🙈 
    Mortgage started 2020, aiming to clear 31/12/2029.
  • Your posts show how much happier you are and how much lighter your mood now you don’t have that awful place hanging over you like a cloud of doom 🤗 Have a lovely weekend, not long to go!
    ❤️Mum 2018
    0% credit card £1360 & 0% Car Loan £7500 ~ paid in full JAN 2020 = NOW DEBT FREE 🤗
    House sale OCT 2022 = NOW MORTGAGE FREE 🤗
    House cash purchase completed FEB 2023 🥳🍾 & left work. 🤗

    Retired at 55 & now living off the equity £10k a year

    ❤️Dad 2025

    Previous Savings diary https://forums.moneysavingexpert.com/discussion/5597938/get-a-grip/p1

    Living off savings diary
    https://forums.moneysavingexpert.com/discussion/6429003/escape-to-the-country-living-off-savings/p1
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