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FIREside Chats

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  • CCW007
    CCW007 Posts: 1,069 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    It's great to hear from someone who has recently retired and hear the practical side of things we may not have considered @listoflists .

    I've revived my MFW diary in a bid to get motivated again and am working on setting a budget which will be achievable, not feel punitive but allow us to set some realistic goals for FIRE.    
  • CCW007
    CCW007 Posts: 1,069 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    I have decided to leave my LGPS pots separate to give me maximum flexibility in terms of when I access them.  The main downside would be that if I were to be offered redundancy after 55 I would be able to access the full amount of my current LGPS pot but would not be able to access the deferred pot without incurring a reduction. 

    As my hope is to retire between 55 and 57 this gives a pretty narrow window for this to happen and, if it did happen, accessing the bulk of my LGPS pot would be a huge bonus anyway so I wouldn't feel aggrieved to not be able to access all of it.  It also depends on me still being with the same employer at the time and 9 years is a long way away so overall the flexibility feels a better bet. 
  • Lovely to have an update. I have checked on your map and spreadsheet a few times to see your progress. That daily figure is very inspiring, especially in USA. 
  • Cornish_mum
    Cornish_mum Posts: 669 Forumite
    Fifth Anniversary 500 Posts
    Brilliant and inspiring update. Thanks for sharing CM
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