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Sense check, Accumulation to Deaccumulation
Workerbee999
Posts: 150 Forumite
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A couple of months ago you posted this happy news: 'Firstly, due to a one-off bonus windfall I am likely to have total taxable income of around £220k this year.'
Probably not a good idea to invest in something you have heard of but don't understand - how can you judge if such a product will help you achieve your goals if you don't know what it does?Workerbee999 said:How to best manage cash outside pension - a lot will be spent on house move and travel, maxing ISAs, maybe premium bonds, low coupon gilts ( heard of them but don’t really understand).
What else do I need to consider? I’m lost in spreadsheets trying to work out the optimum combination…..
Maybe now is the time to invest some of that lovely loot in proper financial advice, based on a full understanding of your circumstances, attitude to risk etc?
Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!1 -
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I would hope you’ll be ok if OH has 41k coming in a year and you have a DB.0
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