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LTA Dilemma
Comments
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Thanks Albermarle, I am vaguely familiar with the concept of SWR and have seen to tools such as this :-
Pension Drawdown Calculator: Retirement Drawdown Calculator - Easy Use (2020financial.co.uk)
But I haven't seen one flexible enough to accommodate a hybrid of DC/DB and State pensions kicking in at different times.0 -
cFIREsim will handle multiple pensions, although it's set up to use historic US data rather than UK.JP1970 said:But I haven't seen one flexible enough to accommodate a hybrid of DC/DB and State pensions kicking in at different times.
N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.1 -
I think that is the point where you start hitting the spreadsheets although cfiresim allows you to enter 2 pensionsI’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.1 -
Guiide seems to work pretty well although personally, I like to look under the bonnet to see how calculations are made and that isn't possible. Has any body else used this ?0
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Guiide does seem to cover the bases. I have had a play with it but I am enough years away from retirement that I haven't gone into great detail yet.I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.1 -
Ficalc.app does a pretty good job of testing scenarios including multiple pensions/withdrawals/strategies. More user friendly than most of the FI calculators I’ve come across.1
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Thanks Superdude. At first glance looks quite good. I'll have a play tonight. Again I assume Success rate is based on historical US returns but I'll have live with that and assume outcomes are a little overstated.0
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Bear in mind that what you might want to spend when you are 80 may be less than when you are 70 etc. It would be good to have a tool that allows for age related adjustments.1
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I'm assuming spend will be 'U' shaped.Cus said:Bear in mind that what you might want to spend when you are 80 may be less than when you are 70 etc. It would be good to have a tool that allows for age related adjustments.
High in early retirement, lots of travel, adventures etc.
High again in later life - carers, paying people to do jobs I might previously have done myself etc.1 -
https://whatapalaver.co.uk/retirement-planning-couples is quite a handy one if you aren't sure where to start....I know many of us build our own.MallyGirl said:I think that is the point where you start hitting the spreadsheets although cfiresim allows you to enter 2 pensions
Plan for tomorrow, enjoy today!1
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