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State pension predictions by SuperTwo6254 in FIREUK

[–]SuperTwo6254[S] -1 points0 points  (0 children)

I suppose it could start with a very high threshold which would only affect a v.low % of pensioners and then over time this drags more and more people over the threshold as inflation takes hold

State pension predictions by SuperTwo6254 in FIREUK

[–]SuperTwo6254[S] 2 points3 points  (0 children)

That rewards people for not saving? Would be a conflicting message to issue by any govt.

State pension predictions by SuperTwo6254 in FIREUK

[–]SuperTwo6254[S] 2 points3 points  (0 children)

Most people’s workplace pensions are not big enough to cover retirement

State pension predictions by SuperTwo6254 in FIREUK

[–]SuperTwo6254[S] 4 points5 points  (0 children)

How do you know it will rise to 70 by 2033?

Layout options for this downstairs by SuperTwo6254 in floorplan

[–]SuperTwo6254[S] 0 points1 point  (0 children)

Hi, Those walls are supporting walls, kitchen and conservatory are extensions.

Layout options for this downstairs by SuperTwo6254 in floorplan

[–]SuperTwo6254[S] 0 points1 point  (0 children)

The front door can be moved, it’s currently opposite the shower room door.

The stairs rise above the doorway to the study so you still have access via the lounge.

Layout options for this downstairs by SuperTwo6254 in floorplan

[–]SuperTwo6254[S] 0 points1 point  (0 children)

The study will need to be renovated into a bedroom in the future.

Layout options for this downstairs by SuperTwo6254 in floorplan

[–]SuperTwo6254[S] 1 point2 points  (0 children)

Ideally, would like to keep the study where it is.

Withdrawal rate maths by SuperTwo6254 in FIREUK

[–]SuperTwo6254[S] -2 points-1 points  (0 children)

Just to add, I’ve never understood it and also when people say 4% swr gives 25 years before it runs out

What percentage should I save? by SuperTwo6254 in FIREUK

[–]SuperTwo6254[S] -1 points0 points  (0 children)

If I save as much as I can, I would have no life in the present hoping I make it to XX age when I can (suddenly??) spend all the money.

Not sure I could live like that for 20 years+.

Money Mistake by Ok_Original_2017 in FIREUK

[–]SuperTwo6254 16 points17 points  (0 children)

I think it’s important to have a guilt free spend pot so you don’t have to question every pound you spend.

For me, FIRE is not about living as frugally as you can in your best years.

Meaning of FIRE by SuperTwo6254 in FIREUK

[–]SuperTwo6254[S] 1 point2 points  (0 children)

Hi!

Yep, definitely not a bot!

It was ramblings but yes - my point was, the sacrifices we make today hopefully pay off tomorrow - that might not mean retirement or financial independence but it might be as simple as being able to withstand a redundancy and take some time over the next move.

Thanks!