Early-retirement wannabe

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  • Sea_Shell
    Sea_Shell Posts: 9,376 Forumite
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    edited 6 July 2018 at 3:30PM
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    Ah, I get it. Oooh, we have buckets!!

    This is basically our plan too.
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.31% of current retirement "pot" (as at end March 2024)
  • DairyQueen
    DairyQueen Posts: 1,822 Forumite
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    happyandcontented wrote: »
    Thanks, I have done that, as I read this thread regularly I just wondered if any of the regular contributors have taken that path.

    I have taken the DB-to-SIPP path. However, as has been previously mentioned, it requires very specific personal circumstances to make this the better option i,e,:

    1) I have reduced life expectancy
    2) OH has a hefty DB pension (plus DCs and SIPP) and there is no requirement for widow/ dependent benefits
    3) No children
    4) Reasonable understanding of investments (sufficient to placate IFA that I can DIY)
    5) DBs/SPs as a couple sufficient to cover all basic expenses (and some to spare).
    6) Other investments, mortgage-free and no debts
    7) Majority of DB pension would not have increased with inflation (capped GMP inflation increase plus discretionary inflation-proofing on excess has poor recent history).
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
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    My bucket's got a hole in it,
    My bucket's got a hole in it,
    My bucket's got a hole in it
    and we can't get no beer.
    Free the dunston one next time too.
  • Triumph13
    Triumph13 Posts: 1,730 Forumite
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    kidmugsy wrote: »
    My bucket's got a hole in it,
    My bucket's got a hole in it,
    My bucket's got a hole in it
    and we can't get no beer.
    Has someone let kidmugsy have sugar again? Quick, get the dried frog pills!
  • atush
    atush Posts: 18,726 Forumite
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    We will have buckets too, not that I onew that was what it was called lol.
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
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    Retirement present Tesla being collected on Wednesday. Happy days!
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
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    Triumph13 wrote: »
    Has someone let kidmugsy have sugar again? Quick, get the dried frog pills!

    I hear you knockin' but you can't come in,
    I hear you knockin' but you can't come in,
    I hear you knockin' but you can't come in,
    There ain't no beer in here.
    Free the dunston one next time too.
  • Marine_life
    Marine_life Posts: 1,059 Forumite
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    gadgetmind wrote: »
    Retirement present Tesla being collected on Wednesday. Happy days!

    Not planning any long trips then?
    Money won't buy you happiness....but I have never been in a situation where more money made things worse!
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
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    Marine_life wrote: »
    Not planning any long trips then?

    Flying to Southampton as picking up in Bournemouth and driving back to Leeds. Then a 350 mile trip on Friday. Both will be easy as will get enough charge during bladder emptying and grabbing a sandwich to easily cover the distance.
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • michaels
    michaels Posts: 28,004 Forumite
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    gadgetmind wrote: »
    Retirement present Tesla being collected on Wednesday. Happy days!
    Envious much, we have had a leaf for 3.5 years but having driven an x and an s that would be even better. Enjoy.
    I think....
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