tag:blogger.com,1999:blog-2875915890415125655.post1122345931035992846..comments2023-05-18T10:37:34.608+01:00Comments on <a href="http://www.retirementinvestingtoday.com">Retirement Investing Today</a>: 18 Months to Go?RetirementInvestingTodayhttp://www.blogger.com/profile/03088383743670046657noreply@blogger.comBlogger38125tag:blogger.com,1999:blog-2875915890415125655.post-45052934519757587802015-03-21T15:18:04.460+00:002015-03-21T15:18:04.460+00:00Provided my property sale goes through on Tuesday,...Provided my property sale goes through on Tuesday, I will be able to retire at 53...but I suddenly realise I'd much rather use my talents in work.RJhttps://www.blogger.com/profile/13871618901190898384noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-6452206976242590912015-03-16T13:31:55.558+00:002015-03-16T13:31:55.558+00:00Dear RIT,
A huge thanks for all of your blogs - v...Dear RIT,<br /><br />A huge thanks for all of your blogs - very inspiring and insightful. I myself as a twenty something year old am just setting out on this path. May I ask if you are able to share any of your Excel documents? (obviously with your personal numbers taken out! But with formulas left in).<br /><br />Many Thanks,<br /><br />CharlesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-7693496636755187732015-03-16T10:40:27.462+00:002015-03-16T10:40:27.462+00:00I am from Portugal but I have been living abroad f...I am from Portugal but I have been living abroad for almost 20 years (having lived in 6 different countries). I think there are many things going for it, besides the clear tax advantage that you can find online (but please ask if you need a clarification). For an objective comparision may I suggest that you choose what is more relevant to you at http://www.oecdbetterlifeindex.org/<br />We are as Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-39902851217548320622015-03-14T09:03:13.334+00:002015-03-14T09:03:13.334+00:00Thanks for the hint on this one. I'll certain...Thanks for the hint on this one. I'll certainly do some research on the topic as I've just never thought of it as a possible home. I have however been fortunate to visit Portugal a couple of times including Lisboa and I agree it's a beautiful country full of many fabulous people.<br /><br />Have you spent significant time there?RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-22997562003131493522015-03-14T08:59:47.162+00:002015-03-14T08:59:47.162+00:00Oh, I'll certainly pick them up but I just won...Oh, I'll certainly pick them up but I just won't include them as Earnings. :-)RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-61140210780762808742015-03-14T08:59:00.122+00:002015-03-14T08:59:00.122+00:00Great questions and something I usually don't ...Great questions and something I usually don't really talk about. Let me defer what I was going to talk about today and instead work up today's post on this exact topic.RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-38956696051921562352015-03-11T10:34:47.618+00:002015-03-11T10:34:47.618+00:00Have you tought of Portugal? As a non-dom you woul...Have you tought of Portugal? As a non-dom you would not be taxed on foreign income (i.e. all your income) for 10 years. Lisbon is a beautiful city, lots of sun, and more cosmopolitan than most places you are considering. You can live by the beach and be only 15 min from an international airport and city life. Portuguese is close to Italian (does not seem like it is, but wait a couple of months Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-10935688293035859082015-03-09T10:58:53.540+00:002015-03-09T10:58:53.540+00:00Thanks for the post, RIT, as always.
What about t...Thanks for the post, RIT, as always.<br /><br />What about the 1p and 2p coins you find on the floor? What a waste! :)Jim Fnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-24997926100272294102015-03-09T10:50:26.617+00:002015-03-09T10:50:26.617+00:00Hi Rit,
Have you previously posted on what you g...Hi Rit, <br /><br />Have you previously posted on what you get up to in your daily life? I have a lot of respect for what you're achieving and would enjoy hearing how you enjoy daily living while being frugal. When last did you go on holiday? What do you do for entertainment? Etc. Does that make sense? Just trying to get a feel for the types of adjustments I'd have to make. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-35387112927598019202015-03-08T17:10:24.189+00:002015-03-08T17:10:24.189+00:00I've never been to Pompeii or the Amalfi coast...I've never been to Pompeii or the Amalfi coast but I also have very fond memories of Sicily (Taormina is beautiful) and Venice. Great holiday destinations in the summer but I just couldn't see them as home.RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-81194016117472689362015-03-08T17:06:47.393+00:002015-03-08T17:06:47.393+00:00Glad I was able to help a little.
Before you writ...Glad I was able to help a little.<br /><br />Before you write off Pensions altogether don't forget that:<br />- a Private Pension operates very differently to the State Pension including the age at which you can get access.<br />- even though you want to 'retire' early you'll still likely be living a lot of years past the age at which you can access your Private Pension. <br /><RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-53619611509933618292015-03-08T16:54:47.796+00:002015-03-08T16:54:47.796+00:00Hi RIT,
Glad you are nearly there. Can't wait ...Hi RIT,<br />Glad you are nearly there. Can't wait to get there myself although my income suggests I would eat into my capital slightly as I progress - having shares in Tesco doesnt help with their reduction in dividends. Shrinking dividends is a worry at the moment from all sources (shares and funds). <br />Love the look of Puglia - never been, only travelled to Sicily and Pompeii/Amalfi Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-60676374627762617182015-03-08T16:44:03.962+00:002015-03-08T16:44:03.962+00:00Yes that helps a lot! I think the main thing I ha...Yes that helps a lot! I think the main thing I hadn't clocked was the pension sacrifice straight from your salary, that's a very neat, tax efficient work around, which from a moral standpoint I have no problem with either :) <br /><br />Unfortunately for me that isn't a very practical solution, mainly because I'm 30 and I want to be able to "retire" (e.g. to have Frugal Freelancerhttp://frugalfreelancer.netnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-36835857367225277652015-03-08T13:19:57.440+00:002015-03-08T13:19:57.440+00:00Thanks.
Agree with you about London. Certainly...Thanks. <br /><br />Agree with you about London. Certainly where I live there isn't much Little Britain going on which certainly keeps it interesting.RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-36989314675826188032015-03-08T13:16:45.567+00:002015-03-08T13:16:45.567+00:00Hi weenie
The last few years really has seen a po...Hi weenie<br /><br />The last few years really has seen a positive change in the UK PF/FI blogosphere. When I started this blog in 2009 there really wasn't anyone and it was a pretty lonely existence. Even visitors to this site were few and far between.<br /><br />Now there really is a great online community starting to form with people like yourself and Huw. I also note that traffic to RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-33081146924662290052015-03-08T13:12:48.960+00:002015-03-08T13:12:48.960+00:00I was considering it. The only thing stopping me ...I was considering it. The only thing stopping me is that it is pretty important to remain anonymous for a little while longer although given the audience at the event I can't see that being much of a problem.<br /><br />It would be great to be surrounded by some like minded individuals rather than consumers for once.RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-51919065360428895592015-03-08T12:51:27.385+00:002015-03-08T12:51:27.385+00:00Sure, if I go there why not.
Yes, acceptance of t...Sure, if I go there why not.<br /><br />Yes, acceptance of the foreigners would be one of the most important ones. <br />That is why I live in London even with higher living costs :)<br />K.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-36616731871939495392015-03-08T12:06:44.345+00:002015-03-08T12:06:44.345+00:00What an inspiring post - shows the rest of us new...What an inspiring post - shows the rest of us newbies in the PF/FI world how it can be done with hard work, good planning, focus and perserverance! Your goal is in sight at 82.7% and you are advancing strongly towards it - well done! I look forward to following your progress til you get there!<br /><br />As Huw says, such a great idea to visit Italy during a time when you don't normally go. weeniehttps://www.blogger.com/profile/01602950445306813601noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-79902617744520844782015-03-08T11:56:34.210+00:002015-03-08T11:56:34.210+00:00Any chance you're attending FFBF's event l...Any chance you're attending FFBF's event later this month? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-90908618320033696262015-03-08T11:47:43.797+00:002015-03-08T11:47:43.797+00:00Great list K, have you been looking over my should...Great list K, have you been looking over my shoulder? Within aspects of communication I'm very conscious of culture and acceptance of 'foreigners'. Within local expenses the price of a home is also of special interest to me. An extra one that I have on my list is personality which usually involves a bit of history - I couldn't think of anything worse than living in some RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-34731793426372463842015-03-08T11:44:15.860+00:002015-03-08T11:44:15.860+00:00I'm planning to allocate 50% in Real State and...I'm planning to allocate 50% in Real State and 50% in Equities, at the moment I have 80% in real state that is giving me around 6-7% rent yield, 10% in equities and 15% in cash.<br /><br />My idea is to live 100% from the yield and not touch the principal at all, I believe that I could be in a position to do this by the end of the year, my target is to start living from it on next year and Dalamarhttps://www.blogger.com/profile/14262037701162440486noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-59062116797418671062015-03-08T11:13:20.628+00:002015-03-08T11:13:20.628+00:00Agree.
My list of things would be - quality and a...Agree. <br />My list of things would be - quality and availability of healthcare, strength of legal and financial system, aspects of communication with locals, loss of UK entitlements due to non-resident status, access to airports links, climate, local expenses and economic development of the region linked to petty crimes, etc.<br />Just read about Ostuni a bit, sounds like good destination for Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-83865217590796245302015-03-08T08:42:30.971+00:002015-03-08T08:42:30.971+00:00Thanks for sharing your plan Dalamar.
Given how y...Thanks for sharing your plan Dalamar.<br /><br />Given how you plan to work for 5.5 years after your expenses are covered by investment income and with your yield after taxes at 3.5% I'm guessing your allocation to equities is much higher than mine. <br /><br />What does your plan say will be your withdrawal rate (expenses divided by wealth) in 9 and 75 months?<br /><br />Cheers<br />RITRetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-90917652520345001432015-03-08T06:34:16.687+00:002015-03-08T06:34:16.687+00:00I made my bold statement as well, I have 9 months ...I made my bold statement as well, I have 9 months to start living from investments income only and 75 months for my early retiriment.<br /><br />My retirement destination is a bit more exotic, it is the Philippines with the challenge of having to educate kids, but the pan is some years there and some probably in the Canary islands in Spain.<br /><br />My calculations are quite similar to yours, Dalamarhttps://www.blogger.com/profile/14262037701162440486noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-56438735133941470312015-03-07T23:08:36.861+00:002015-03-07T23:08:36.861+00:00I'll give it a try:
- For clarity I don't ...I'll give it a try:<br />- For clarity I don't include investment dividends/interest in my savings rate calculation so NISA's aren't within scope. It's purely coming from my day job. I've learnt over the years not to discuss absolute numbers but I can say that the tax/NI I pay is more than I live on.<br />- I'm currently renting. It is by far my biggest monthly RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.com