Sanity Check

Albermarle

DT2001 said:

We have less than you and are planning on spending more however I am convinced we have enough to gift capital or initially excess income.

 I am 5 years older than you and am aiming to move once more but by self building. It maybe stressful at times but if it’s what you want I think it’s worth it. 

Enjoy your retirement and new home.

I suspect that in the end, retirement will get delayed, so he can do OMY, just in case…..

HedgehogRulez

I’d be cautious with those numbers. Perhaps stick out a couple more years at work to ensure success.

Sarahspangles

SouthCoastBoy said:

Thks for the replies, always good to get different perspectives. 

I think my wife is set on the house, I have listed pros and cons, but she is very keen  me not so bothered, our current house is fine.

You don’t mention what your wife sees as special about this house, but as she’s still working (I think?) there’s a risk she’ll feel differently about it when she’s retired. I mean in terms of how she wants to spend her time, and the ways that she will use a house. That’s my experience anyway, though it’s only been three months since I jumped off the roundabout!

Kernowshep

I'd put some of the cash into your wife's pension. You may as well save a bit more in tax. Especially if it's the AVC linked to her LGPS pension via salary sacrifice.

SouthCoastBoy

Sarahspangles said:

SouthCoastBoy said:

Thks for the replies, always good to get different perspectives. 

I think my wife is set on the house, I have listed pros and cons, but she is very keen  me not so bothered, our current house is fine.

You don’t mention what your wife sees as special about this house, but as she’s still working (I think?) there’s a risk she’ll feel differently about it when she’s retired. I mean in terms of how she wants to spend her time, and the ways that she will use a house. That’s my experience anyway, though it’s only been three months since I jumped off the roundabout!

We've been round the house 3 times now, and just did a walk around the village and associated woods this afternoon. She is very keen, likes being in the country, she was bought up in that environment and misses it.

SouthCoastBoy

HedgehogRulez said:

I’d be cautious with those numbers. Perhaps stick out a couple more years at work to ensure success.

Yes, I may do a couple more years yet, not made a final decision on retirement.

Albermarle

SouthCoastBoy said:

HedgehogRulez said:

I’d be cautious with those numbers. Perhaps stick out a couple more years at work to ensure success.

Yes, I may do a couple more years yet, not made a final decision on retirement.

Not 100% sure that @HedgehogRulez was being serious.

Smudgeismydog

Albermarle said:

SouthCoastBoy said:

HedgehogRulez said:

I’d be cautious with those numbers. Perhaps stick out a couple more years at work to ensure success.

Yes, I may do a couple more years yet, not made a final decision on retirement.

Not 100% sure that @HedgehogRulez was being serious.

Exactly what I was thinking 

you don’t need any more ‘one more years’

HedgehogRulez

Im never serious