Bold leap into retirement

kempiejon

@HUSKYPAL ta for the come back with your perspective, without the backstop of DBs to come I'm calculating numbers from level and RPI lifetime annuities, FTA and a gilt ladder as various ways of fixing a base income. As you note you give up the chance of more for the certainty, both important for those embarking on a long retirement.

As a note on tax I believe with a FTA from non pension funds some of the money is treated as a return of capital.

katejo

https://forums.moneysavingexpert.com/discussion/comment/82153635#Comment_82153635

Congratulations! I have almost reached the 6 months of retirement point (end of this month) and I am still adjusting to it. Mostly good though. I am itching to book more travel but just waiting to get a routine scan out of the way first. I am also being indecisive about the travel. Too many possible places/trips to choose from.

HUSKYPAL

https://forums.moneysavingexpert.com/discussion/comment/82155406#Comment_82155406

Nice problem to have though! We will likely stay fairly close to home for a while, we have an older dog and she hates the car! Still plenty to explore within an hours drive, sooo looking forward to it.

katejo

https://forums.moneysavingexpert.com/discussion/comment/82155493#Comment_82155493

True but it makes me more aware that time is ticking away and I don't know what the future will bring.