tag:blogger.com,1999:blog-2875915890415125655.post7240168411934179052..comments2023-05-18T10:37:34.608+01:00Comments on <a href="http://www.retirementinvestingtoday.com">Retirement Investing Today</a>: A Retirement Investing Today Q1 2015 ReviewRetirementInvestingTodayhttp://www.blogger.com/profile/03088383743670046657noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-2875915890415125655.post-3662559850880418932015-04-25T13:59:27.894+01:002015-04-25T13:59:27.894+01:00Hi RIT, missed your reply!
Yeah that does help. ...Hi RIT, missed your reply!<br /><br />Yeah that does help. Your strategy (saving hard and asset allocation) was set pretty early on. Amazing that it has stayed so fixed. Super focus! :)<br /><br />It's encouraging that you have potentially brought the date of FI forward, rather than the other way, as you have progressed. On "OMYS"...it's something I have thought about a Anonymoushttps://www.blogger.com/profile/18300941962780673623noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-79797170006321719532015-04-17T10:06:21.613+01:002015-04-17T10:06:21.613+01:00Gotcha! Makes perfect sense... thanks for the expl...Gotcha! Makes perfect sense... thanks for the explanation.<br /><br />TFStheFIREstarterhttp://thefirestarter.co.uknoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-66472337201673377042015-04-14T20:30:06.044+01:002015-04-14T20:30:06.044+01:00Hi Mr Z
My actual start date is a little blurry b...Hi Mr Z<br /><br />My actual start date is a little blurry but in a previous post I've declared it as October 2007. This is the month I saw my last "IFA" and would indicate my final decision to DIY. It might have been a month earlier or so but certainly not 3 months earlier.<br /><br />On Saving Hard my records show that even in October 2007 I had a very high savings rate. So I RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-183892277209042882015-04-14T19:31:46.722+01:002015-04-14T19:31:46.722+01:00Ah I see where you're going now. Let me add a...Ah I see where you're going now. Let me add a little more clarification around taxes:<br />- In the post I make the following statement "To make it a little more conservative Taxes include any taxes on investments but Earnings include no investment returns." So all investment taxes appear in the calculation. Combining 1/3 of my wealth not tax efficiently invested, 87% of the RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-75984426249219008822015-04-14T16:24:09.611+01:002015-04-14T16:24:09.611+01:00Hi RIT.
Right at the start of your FI pursuit loo...Hi RIT.<br /><br />Right at the start of your FI pursuit looks like investments took a mighty hit. Must have been determined to ignore that and crack on. <br /><br />Can I ask one question. As someone just starting out really I am focused on saving hard and investing as wisely as I can (to use your mantra :) ). I have used a 4% WR at the moment to try and set some kind of target. But with thingsAnonymoushttps://www.blogger.com/profile/18300941962780673623noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-90131590116991307542015-04-14T08:47:11.361+01:002015-04-14T08:47:11.361+01:00Cheers for the clarification and further info vent...Cheers for the clarification and further info ventured... appreciate it.<br /><br />I guess the main thing that confused me and why I asked was the line:<br /><br />"At these savings rates I'm also now in the surreal situation where my spending is significantly less than the tax I pay." but I couldn't work out how that could be possible. In the above figures tax is 18k as you theFIREstarterhttp://thefirestarter.co.uknoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-842124826543820332015-04-13T19:39:00.617+01:002015-04-13T19:39:00.617+01:00Hi TFS
I've been at this blogging game a whil...Hi TFS<br /><br />I've been at this blogging game a while now and I've found it's best if I never talk about my financial situation in absolute £'s. On the occasions I've tried we've ended up with everything from "how wasteful are you, I live on four lentils per month" to "it's impossible to live on that measly sum" rather than staying on the topicRetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-67818988615772779332015-04-13T13:55:04.466+01:002015-04-13T13:55:04.466+01:00Hi RIT,
Good Q1 results there!
I'd like to s...Hi RIT,<br /><br />Good Q1 results there!<br /><br />I'd like to see a bit more of a breakdown on how you are achieving your 50+% savings rate? For example let's say you are earning £100K, then you are obviously saving (say) £55K of that. Let's say £15K is in an ISA, and the other is into your employer pension so £40K. This leaves taxable pay of £60K so you'd take home is ~£42K - theFIREstarterhttp://thefirestarter.co.uknoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-11482603819540469442015-04-12T14:38:23.409+01:002015-04-12T14:38:23.409+01:00Sounds like a good quarter all round, with an impr...Sounds like a good quarter all round, with an impressive savings rate and on track with your investment returns and early retirement - well done! Your plan of saving hard and investing wisely is obviously working - I'm excited witnessing your countdown of 18 months to FI!<br />weeniehttps://www.blogger.com/profile/01602950445306813601noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-3986681782645192902015-04-12T11:29:07.816+01:002015-04-12T11:29:07.816+01:00Looking very good indeed! Let's hope you can g...Looking very good indeed! Let's hope you can get the company pension transferred to a SIPP soon. <br /><br />I have recently opened a campaign to decrease my expenses (here, if you're interested: http://bit.ly/1zM7c5B) which, so far, is going well but can be improved upon!<br /><br />I think you're right to work on the assumption of a zero state pension environment. Not because I don&Dividend Drivehttp://dividend-drive.blogspot.co.uk/noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-27284237450598435122015-04-12T10:16:56.065+01:002015-04-12T10:16:56.065+01:00Hi M
Ok ok I admit it. The shillings reference wa...Hi M<br />Ok ok I admit it. The shillings reference was a fictional bit of creative writing :-) All the numbers are 100% accurate however.<br />Cheers<br />RITRetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-74310695691699006942015-04-12T10:15:36.368+01:002015-04-12T10:15:36.368+01:00Hi dearieme
My current plans are all based around...Hi dearieme<br /><br />My current plans are all based around receiving zero State Pension. I'm many years away and I personally think it won't be available for people like myself by the time I get there.<br /><br />If it is then it's all upside and I can make plans for that as I approach that age. There's no point in doing anything now as it is likely to be tinkered with by RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-2700588086880008902015-04-12T10:11:52.043+01:002015-04-12T10:11:52.043+01:00Hi BTS
Yes they do and I do take advantage of sal...Hi BTS<br /><br />Yes they do and I do take advantage of salary sacrifice. Nigh on half of my savings per month are within my defined contribution employers pension. Why not more? Two reasons:<br /><br />- I could be retiring at age 44 meaning I have at least 11 years until I can get access to my private pension pot. In that time I need to eat plus I also want to be able to pay cash for a RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-13359637491233914412015-04-12T08:07:26.160+01:002015-04-12T08:07:26.160+01:00What country do you live in, that you're still...What country do you live in, that you're still running shillings in your pocket?! ;)<br /><br />A great quarter all round I think. The market has been good to you overall, and you are so close to the end!<br /><br />We're taking our journey very slowly, as we want more kids, so our FI plan is to be ready by 2031, when our first child will be 18. In theory, we could retire now to a cheap M from There's Valuehttp://theresvalue.co.uknoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-23922017362111825372015-04-12T02:51:20.607+01:002015-04-12T02:51:20.607+01:00If I've asked this before I've forgotten y...If I've asked this before I've forgotten your answer. What steps do you plan to take to protect your eventual State Retirement Pension?deariemenoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-9868673744759097092015-04-11T22:36:57.050+01:002015-04-11T22:36:57.050+01:00Doesn't your employer allow you to salary sacr...Doesn't your employer allow you to salary sacrifice your bonus and put the money directly into its pension scheme? I take the point that it's got high charges, but if you're saving 40% tax, 2% NI plus your share of the employer's NI then it's hardly very material when you'll be able to transfer the whole pot into your SIPP in 18 months time anyway.BeatTheSeasonsnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-67565912751035948722015-04-11T20:32:58.314+01:002015-04-11T20:32:58.314+01:00" My big problem remains taxes which I'm..." My big problem remains taxes which I'm struggling to control as I'm a simple PAYE employee. "<br /><br />I messed up huge this year. I misread/misunderstood my payslip all year. I had planned to keep just below 100k to avoid the 60% tax rate. I thought I had done it perfectly until my P60 came in when I realised the taxable pay was net of pension contributions so actually Marconoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-44608658964177273722015-04-11T14:55:57.067+01:002015-04-11T14:55:57.067+01:00Fantastic. It must be nice to be a mere 18 months ...Fantastic. It must be nice to be a mere 18 months away from FI. Being so close must push your motivation levels through the roof!<br /><br />We holidays in Puglia a few years ago and by the end of the two week were looking at properties! It's a lovely part of the world.Under The Money Treehttp://www.underthemoneytree.comnoreply@blogger.com