Mortgage free in Forever Home :-)

f0xh0les

A trip to A&E for a tetanus shot 💉 in the buttocks avoided! 

KajiKita

f0xh0les said:

A trip to A&E for a tetanus shot 💉 in the buttocks avoided! 

Yup, and serious damage to foot or hand tendons and bones or a knee joint! 

KK

savingholmes

Well done on the deep thinking. I don't like the idea of a measure that finishes at 80 - but at the same time not sure I'd want one to a 100 either. I can imagine you as a celebrant in how you come across. 

Well done on getting stuck into the garden. Very therapeutic I'm sure. The catio sounds a grand idea too. It's good that you invested in your garden - especially if that's one of your joys. On the doing your own needlework - there are lots of apps that will pixelate your images - could that be a stating point?

KajiKita

savingholmes said:

Well done on the deep thinking. I don't like the idea of a measure that finishes at 80 - but at the same time not sure I'd want one to a 100 either. I can imagine you as a celebrant in how you come across. 

Well done on getting stuck into the garden. Very therapeutic I'm sure. The catio sounds a grand idea too. It's good that you invested in your garden - especially if that's one of your joys. On the doing your own needlework - there are lots of apps that will pixelate your images - could that be a stating point?

Thank you 😊
I hadn’t thought of pixelating images … 🤔 The problem is most of what I would like to embroider is in my head and I would have to sketch it first! 😉😂 One of the effects I want to create is a sense of depth / perspective / layers - maybe that is where to start … 🤔😊

KK

Watty1

Echoing others in that I think you would be a wonderful celebrant.

Humdinger1

Yes you'd be a fab celebrant @KajiKita.  Is a catio a patio for cats? Love Humdinger xx 

Brie

Humdinger1 said:

Yes you'd be a fab celebrant @KajiKita.  Is a catio a patio for cats? Love Humdinger xx 

Sort of.  But also sort of like a screened in conservatory.  People tend to have them in busy towns so their cats can have the sense of being outside without the danger of straying and busy roads.  

KajiKita

@Humdinger1, one catio …. 

KK

KajiKita

I have just come off the financial coaching call. It was really good, really positive. Takeaways include:

- getting an aligned plan between Mr KK and myself and stop trying to deal with it all on my own, to map our way to mortgage freedom and retirement. 

- review all out outgoings to understand what we would actually need per month in retirement and then compare that to what we are currently projected to get.

- he thinks we may well already be on a good track in terms of pensions - depending on what state Mr KK’s is in and what my final salary pension is worth now - this alone is a huge relief 😊 (Obvs I need to confirm this.) 

- the sequence of stashing monies away should be:
workplace pension especially if it is a salary sacrifice scheme as you get tax relief and matched monies from employer up to a certain level, then
stocks and shares ISA if running at 6 to 8% and you intend to run it for c. 5 years, then
OP mortgage, if the mortgage is at less than 5%

- you can have different bits of money held in different levels of risk. I know this is obvious, but the penny really dropped for me today. So, my emergency fund should be in easy access, but lower interest accounts, part (but not all) of my pension could be in a higher risk fund, and some monies could be invested each month in a slightly higher risk approach - probably a stocks and shares ISA as I don’t have time to manage shares myself. 

- why market volatility can be a good thing if you are steadily drip feeding a set amount of monies into a fund each month.

- what the potential negative impact could be of a ‘Lifestyle option’ in my pension portfolio structure of the last 5 years of building it, if I don’t intend to buy an annuity.

- I am quite hard on myself and he thinks we are in a better position than many and we still have time to do more if we want to. He also thinks we don’t really need any further help from him in terms of setting a plan but would be willing to have session with Mr KK (for free)  to see if that would help Mr KK get his head aligned with mine. 

I feel like I have some concrete steps to take and much more reassured that I understand more of what I am doing now. 

KK 

skint_spice

I love the catio!