Getting FIREd up 😀

edinburgher

What about inflation tho? 🤔

I tend to think about equity investments in today's money because I assume they'll grow in real terms. 4% cash with 2% inflation is a 2% return, if inflation is higher your net result will actually be beyond your lower bound. Inflation is currently 3%+

Need to see the comparison of what you could get out of your pension with tax savings etc. and potentially higher real returns Vs these figures IMO. But that's a fun task

South_coast

edinburgher said:

But that's a fun task

In that case, I'm delegating it to you 🤣!

I have no idea how to do any of those things, but I reckon £45k will still be a meaningful figure in 18 years' time 🤷‍♀️? I don't want to over-think it too much and end up a victim of OMYS. Hey, if it goes really badly, I could always go back to work....😱

South_coast

OK, so spending the weekend plotting about early retirement does not make going back to work fun. Monday and Tuesday have not been good 🙁

At least tomorrow is hump day!

edinburgher

I hear you, having a week off then going back is much the same!

South_coast

Bleurgh 😥 

South_coast

South_coast said:

Oh well, will wait and see what is said in 2 weeks' time, I guess 🤷‍♀️

So the Big Speech by Rachel from Accounts turned out to be a damp squib 🤷‍♀️🤷‍♀️🤷‍♀️ Looks like my plans will be staying the same for now then!

Staffordia

South_coast said:

South_coast said:

Oh well, will wait and see what is said in 2 weeks' time, I guess 🤷‍♀️

So the Big Speech by Rachel from Accounts turned out to be a damp squib 🤷‍♀️🤷‍♀️🤷‍♀️ Looks like my plans will be staying the same for now then!

What didn't happen? We are currently in Norway, spending money like we're millionaires. 

South_coast

It was widely rumoured that the cash element of the ISA allowance would be cut, in an effort to get more people investing rather than saving, but in the end she said....nothing

Norway sounds good - spending like millionaires because it's expensive, or just spending like millionaires?

Staffordia

South_coast said:

It was widely rumoured that the cash element of the ISA allowance would be cut, in an effort to get more people investing rather than saving, but in the end she said....nothing

Norway sounds good - spending like millionaires because it's expensive, or just spending like millionaires?

That's good news about the cash ISA.

Norway was beautiful but expensive. We had two ham, cheese and salad rolls and two bottles of organic cola for an eye watering £32. They were hand made fresh in front of us but even so, a tad expensive. 

South_coast

Aahhh, but travel is priceless 😀!