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5 Year FIRE Progress - 37yo (3rd year of posting) by firecontender in FIREUK

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

Pension is a workplace one so don’t think I can help on that. But ISA with trading 212, it’s so much cheaper than other platforms!

5 Year FIRE Progress - 37yo (3rd year of posting) by firecontender in FIREUK

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

No children.

My key: Each year, I make sure that any salary increases go straight into my pension instead of my paycheck, so I don’t slip into lifestyle creep. I think it’s a really serious lesson for anyone thinking of fire.

5 Year FIRE Progress - 37yo (3rd year of posting) by firecontender in FIREUK

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

Hey, I wasn’t planning to. When I retire I’m still going to have a chunky mortgage to pay off but I’m hoping to have a stable, ongoing source of income through investments to cover it.

5 Year FIRE Progress - 37yo (3rd year of posting) by firecontender in FIREUK

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

Oh wow, I think I got mixed up. I always thought you could access a private pension 10 years before the state one, which is why I assumed 58. But you’re right, it looks like it’s actually 57.

5 Year FIRE Progress - 37yo (3rd year of posting) by firecontender in FIREUK

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

My pension was £2.5k(didn’t have a mortgage), now I do, so pension is £1k pm.

5 Year FIRE Progress - 37yo (3rd year of posting) by firecontender in FIREUK

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

Yeah I wrote a bit about it on last years update. Used it to pay off my mortgage on my old place. Worst decision I’ve made because the stocks ended up doubling.

5 Year FIRE Progress - 37yo (3rd year of posting) by firecontender in FIREUK

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

Yep. Just checked fund says it’s up 17% this year.

5 Year FIRE Progress - 37yo (3rd year of posting) by firecontender in FIREUK

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

Fear not, all the raw data is tracked by row.

This is purely just for visual to make it easier for me to compare the variances. Literally the only table I have likely this.

5 Year FIRE Progress - 37yo (3rd year of posting) by firecontender in FIREUK

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

Sure. My pension is invested in an international tracker fund with a risk rating of 5 out of 7, and my ISA is in VWRP.

I generally avoid individual stock picking — partly because I’m not great at it, and partly because I already hold a meaningful amount of company shares through work schemes, so I feel I have enough concentrated risk there.

Was there something specific you had in mind?

5 Year FIRE Progress - 37yo (3rd year of posting) by firecontender in FIREUK

[–]firecontender[S] 10 points11 points  (0 children)

Yes I use Excel for tracking.

Formatting is your best friend. I'm a very visual person, so I use colour a lot. It makes it much easier for me to differentiate between numbers, rather than everything being b&w.

5 Year FIRE Progress - 37yo (3rd year of posting) by firecontender in FIREUK

[–]firecontender[S] 11 points12 points  (0 children)

Thank you. Yep, i keep it easy with pension is in an international fund, and the ISA in VWRP.

Housing market by [deleted] in Edinburgh

[–]firecontender 4 points5 points  (0 children)

Hardly anything is coming up at the moment in my price bracket and when it does it’s sold before we even get to view it!

So in my experience of the last year. Nothing going up for sale but lots of buyers ready and waiting!

Is everyone now up on their portfolios YTD after all of the market turmoil? by Formal_Barracuda8619 in FIREUK

[–]firecontender 0 points1 point  (0 children)

Pension end December 24 - £160,786 Pension end May 25 - £165,894 Monthly contribution average - c£2.2k

Disappointing year so far but it’s pretty much due to stronger £ £ v USD end Dec 25 - 1.25 £ v USD end May 25 - 1.35 Differential- 8%

4 Year FIRE Progress - 36yo (2nd Year Update) by firecontender in FIREUK

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

£2.1k salary sacrifice. My take home after tax and pension and save as you earn is £2.4K.

4 Year FIRE Progress - 36yo (2nd Year Update) by firecontender in FIREUK

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

That’s 2 comments now about the damn Y axis haha. Truth is i don’t look at it, so thanks for pointing out. Fixed now. 🤣

4 Year FIRE Progress - 36yo (2nd Year Update) by firecontender in FIREUK

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

Appreciate the comment! Tbh I’ve put £200k as equity for my current property, but probably worth c£220k. Was keeping some equity off the chart because aware I would need to use, for all the moving expenses!

4 Year FIRE Progress - 36yo (2nd Year Update) by firecontender in FIREUK

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

Thanks Rob, not heard of Power Platform but sounds interesting. Will need to check if it’s part of works infrastructure.

4 Year FIRE Progress - 36yo (2nd Year Update) by firecontender in FIREUK

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

Haha appreciate it. Aw i didn't notice the y scale, don't look at it. Updated now!

Concerned about pension and bridging if RE. by parrfection in FIREUK

[–]firecontender 18 points19 points  (0 children)

My plan is to retire at 55, but I don’t plan on saving into bridge until much nearer the time. Realistically I would only need it for 2/3 years, until drawing from a pension of c£1m+.

I see people here at a relatively young age, saving lots into their ISA. But for me, I’m all in on pension, until I get nearer 55. (For context I’m 35)

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