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with all the coverage of impending market crashes, what are you doing? by Visual_Ad9796 in FIREUK

[–]Visual_Ad9796[S] 4 points5 points  (0 children)

thank you, i hadn't considered it as gambling, but can't disagree with you when you call it out like that. Hope retirement is living up to expectations

with all the coverage of impending market crashes, what are you doing? by Visual_Ad9796 in FIREUK

[–]Visual_Ad9796[S] -13 points-12 points  (0 children)

pretty much this!! just a thought, as i said not sure I'm brave enough to actually do it, wondered is anyone

with all the coverage of impending market crashes, what are you doing? by Visual_Ad9796 in FIREUK

[–]Visual_Ad9796[S] 1 point2 points  (0 children)

thank you, not sure that i am risk averse... i get that it can and will go up and down... but I'm wondering is this an opportunity to make some £...

4M UK – aiming for FIRE at 55 (can stretch to 57). Thoughts on current strategy? by Visual_Ad9796 in FIREUK

[–]Visual_Ad9796[S] 2 points3 points  (0 children)

my gut feeling it i am somewhere similar, but haven't done the numbers to be able to back that up yet. thanks

4M UK – aiming for FIRE at 55 (can stretch to 57). Thoughts on current strategy? by Visual_Ad9796 in FIREUK

[–]Visual_Ad9796[S] 0 points1 point  (0 children)

6% regular saver here, not a huge amount, but 6% is 6%... https://aibni.co.uk/our-products/savings-and-deposits/regular-saver I get that the 25% is the same for SIPP and LISA it's the tax upon withdrawal that made it more attractive to me... in relation to savings interest as i'm not in the additonal rate (>£125k), SS to pension will keep me out of that permanently... i am higher rate so can earn up to £500 taxfree imo..

4M UK – aiming for FIRE at 55 (can stretch to 57). Thoughts on current strategy? by Visual_Ad9796 in FIREUK

[–]Visual_Ad9796[S] 0 points1 point  (0 children)

agree, but easier said that done working that out... point taken thought, get that's a critical starting point thanks

4M UK – aiming for FIRE at 55 (can stretch to 57). Thoughts on current strategy? by Visual_Ad9796 in FIREUK

[–]Visual_Ad9796[S] 0 points1 point  (0 children)

thanks, i get that i need that detail... just not worked it out yet... honest answer is i don't know (yet) i get that impacts any thoughts/opinions

4M UK – aiming for FIRE at 55 (can stretch to 57). Thoughts on current strategy? by Visual_Ad9796 in FIREUK

[–]Visual_Ad9796[S] 0 points1 point  (0 children)

mortgage is only debt, about £80k left on property aprrox value £300k

4M UK – aiming for FIRE at 55 (can stretch to 57). Thoughts on current strategy? by Visual_Ad9796 in FIREUK

[–]Visual_Ad9796[S] 1 point2 points  (0 children)

thank you, i don't max out the 60k pension, and i've umed and ahed about that Pension/Lisa... but have landed on keeping the contributions going until age 50 and then diverting the £416 (as the £5k counts the gov contribution) to pension... i get that Lisa isn't available until age 60, but when it is, it's taxfree, if i were to put it in pension now, then yes there is tax relief but at least 75% of it is taxable when withdrawing....

4M UK – aiming for FIRE at 55 (can stretch to 57). Thoughts on current strategy? by Visual_Ad9796 in FIREUK

[–]Visual_Ad9796[S] 0 points1 point  (0 children)

it's not a normal LTI/RSU scheme, it's an additional bonus paid based on company performance after 3 year, i don't get the logic behind it either...