|It’s not always sunny on The Med
This most definitely doesn’t fit into my Saving Hard by Earning More strategy, which in the past has resulted in healthy earnings increases. I’m not sure what objective the company were trying to achieve but my interpretation is that it’s now time to move on. Normally, that would have been a new job in a new company for more reward but this time around that’s not necessary as I now have another option – FIRE. The stars really are aligning nicely.
Click to enlarge, RIT earnings improvement since saving hard by earning more
On the topic of FIRE my One More Year, after a slow and frustrating start that now seems to be passing quickly and without a worry in the world. Financial plans between now and a summer FIRE are also synchronising nicely:
- collect one more bonus;
- maximise my pension contributions to just below the tapered annual allowance for 2018/19;
- which if my annualised returns continue as they have since starting on this journey should see me nicely just on the underside of the Pension Lifetime Allowance (LTA) by age 55; and
- then use that bonus (plus some salary) to fill my and Mrs RIT’s 2018/19 ISA allowances of £20,000.
Click to enlarge, The beautiful Es Vedra, Ibiza
Click to enlarge, The beautiful Es Cavallet Beach, Ibiza
Click to enlarge, Just one of several coves we stumbled on
So it’s now down to the Costa del Sol, Spain or Paphos, Cyprus...