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The Retirement Thread

172 watchers

geordiegirl Jul 2024 5:25pm, 19 Jul 2024 23,338 posts	Quote Pin geordiegirl X-post with you dio hope you find a new IFA, we used true potential - have to save I was worried our guy would retire before us then found out he was younger than me!! All I can presume is being a IFA is very stressful!
Diogenes Jul 2024 6:06pm, 19 Jul 2024 87,100 posts	Quote Pin Diogenes He replied to my email and is referring me on to someone else.
geordiegirl Jul 2024 8:16pm, 19 Jul 2024 23,344 posts	Quote Pin geordiegirl Fab! Get the final plans in motion.
HappyG(rrr) Jul 2024 8:28pm, 19 Jul 2024 50,478 posts	Quote Pin HappyG(rrr) I'd love to feel I could justify an IFA. But several 000s of cost for what I think I can add up for myself just doesn't make sense for me at the moment. I'm not interested in "minimizing tax", I am happy to pay tax. And the balance of where to use my money at the moment really is a no brainer. I may well need one at some point in the future, but I know I'll resent it even then! G
TROSaracen Jul 2024 8:54pm, 19 Jul 2024 28,085 posts	Quote Pin TROSaracen Our IFA has saved us loads of tax and made investments that have yielded ‘retirement brought forward’ amounts of return. Some really clever stuff that even me, as an Accountant who’s worked in finance all my life would not have known. We’ve recommended them to several friends - those who’ve been there long enough have reported similar. I was sniffy about them before but have been won over since.
Ness Jul 2024 8:59pm, 19 Jul 2024 43,166 posts	Quote Pin Ness The IFA I use will have saved me loads of money by the time stage 3 of my retirement plan kicks in to place. Hopefully on my 60th birthday.
HappyG(rrr) Jul 2024 9:01pm, 19 Jul 2024 50,480 posts	Quote Pin HappyG(rrr) Return on investment requires that you have enough funds to invest. And I've said already I don't want to avoid tax particularly. There might come a time when I need to "use" the money that has been put into pensions / investment / savings pots but until then I think it's just "pay off debts, followed by put money aside into sensible pots". Don't think I need to pay anyone a couple of grand to tell me that. I think it's partly scale as well. I don't have "large" amounts of money, so 1 and 2 thousands is a lot to be paying an IFA. So if I sounded a bit sniffy, it's partly jealousy of those of you getting inheritances or redundancy payouts or other large lump sums. None of that in my present or future! Like I say, just jealous, which isn't attractive!! G
Lip Gloss Jul 2024 9:44pm, 19 Jul 2024 76,742 posts	Quote Pin Lip Gloss I just see it as I wouldn’t have had a clue without a FA when I first got divorced and had money to invest. My money has definitely made money over the years and he knows I need my money and I’m not a risk taker and so he has invested wisely.
geordiegirl Jul 2024 9:46pm, 19 Jul 2024 23,346 posts	Quote Pin geordiegirl We don’t pay for our FA he gets a %from what we take up. For me who is not necessarily up to speed with all the financial stuff ( it enough hours in the day) he took a tiny pension I had with Scottish widows paying me £200 a year into a flexi draw down now worth over £18k, ok an annual payment wouldn’t be much but I can use this now to give me some funds to bridge along with OH old deferred pensions will cover us until current work pensions kick in. Which is allowing us to do the early exit plan.
um Jul 2024 7:17pm, 20 Jul 2024 8,692 posts	Quote Pin um Got 'age checked' today for free prescription. I must look younger than I really am. Or the surgery receptionist was humouring (or making a pass at) me and I missed it completely ?

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Retirees Hall of Fame

CumbriAndy

(17.04.25)
Dillthedog (27.03.25)
westmoors (27.03.25)
dobbers (26.02.25)
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Snail (21.06.24)
GregP (14.06.24) (after part retirement 31.03.23)
Fizz :-)

(13.06.24)
Jaks (15.05.24) (third time of retiring)
HellsBells (31.03.24) (orig. May 2018)
TROSaracen (07.02.24)(semi retired since mid 2019)
Hanneke (01.02.24)
Jenni-far-far (28.12.23)
FergusG (22.12.23)
Mrs Jigs (Luverlylegs) (11.12.23)
eL Bee! (30.11.23)
Lip Gloss (22.11.23)
jda (28.08.23)
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Schnecke (end of school term 07.23)
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Ally-C (08.06.23)
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Bob! (30.03.23)
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Garfield (provisional, 27.02.23) (see p.699)
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DrMags (30.07.21)
MaltDrinker (30.07.21)
DoricQuine (15.06.21)
Mandymoo (21.05.21)
Eynsham Red (06.05.21)
GimmeMedals (31.08.20)
Steve NordRunner (01.08.19)
um (May 2017)
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XB (07.07.16)
Flatlander (November 2011)
Helegant
Ness
SarahWoo
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Celebrating reduced hours

Angus Clydesdale

(30 hours/week, term-time weekdays only, from June 2025)

B Rubble (2 days/wk from July 2025)
MadWelshWoman (2 days/wk from 1 August 2025)

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In the Waiting Lounge, with one eye on the door

GeneHunt59 (target: July 2025)
RRR-CAZ (September 2025)
Bigleggy (target: December 2025)

geordiegirl (target: May/June 2026)
HappyG (target: June 2026)
Runningbauble21 (target: June 2026)
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OverTheHillToo (target: approx. 2026)

Diogenes (17.03.27)
cathrobinson (target: 2027 onwards)
Hills of Death (HOD) (April 2026-April 2030)
Dave A (June 2030)
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CK2 (2030)

[other names to follow, on request]

Just browsing at the moment

Bazoaxe
Daz Love
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Retirement Failures

Currently empty :-)

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