How much do you need for comfortable existence in retirement.

Uther said:
If SW have closed it wouldn't it just be a case of restarting the workplace pension from scratch? As in you're just 'opting in' again. So you would have a workplace pension, plus the Vanguard SIPP.
If that's the case then you'd probably just lose a couple of months conibutions whilst it's set up.
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not always that simple - if you opt out of a workplace pension, they (employers) do not have to accept you back into their workplace scheme if you’ve opted in and then opted out in the past 12 months.

However - Your employer will automatically re-enrol you in the scheme. They must do this either every 3 years (from the date you first enrolled), or they can choose to do it sooner.

Depends whether this is classed as "opting out" or "transfering out"
 
200sols said:
The dream is to retire away in the middle of nowhere and build a couple of holiday lets. I'm saving a big chunk each year and with hefty share incentives and with my investments it should be possible.
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This is my plan in a few years. We've been talking about moving to Spain anyway and taking our jobs with us (remote working), but i've been leaning towards looking at property with a decent plot of land where i could stick a couple of chalet type buildings. Where we want to move is popular with cyclists so i imagine i'd try and appeal to that crowd. Hell i've seen people advertising running holidays in the mountains nearby, that'd be a dream!

Buy something like this, build a pool and then let out the buildings (not actually this because it's the wrong area but it's an example!)
https://www.kyero.com/en/property/10911664-country-house-for-sale-catral
 
Hodders said:
Great plan, but what about Brexit? Is your wife Spanish?
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Brexit doesn’t seem to cause an issue. We’d have to become resident for tax purposes. My wife has the ability to get an Irish passport which makes it a little easier but doesn’t really change much.

I created a thread a little while back about it.
 
Kreeeee said:
Sure, it's certainly possible and it was hard to not make a ton of money through that period of time!

Just like it has been hard not to double your money every 3 years in the stock market or get 10x a year in crypto recently, but those are all lucky periods to be investing in those specific markets.

Anyway that's all off topic as you missed the key part of my post, namely "that I liive in" ;)
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To me this just highlights why you should diversify your investments. Have a good split across at least property and stock market and perhaps whatever else floats your boat - crypto possibly but it's not for me.
 
As regards the thread question it depends a lot on where you end up, even some of the" my pension pot is bigger than yours" brigade will probebly end up somewhere they dont really like (because they were born near and have family near) and need lots of holidays to nicer places.
Its just so much cheaper and convenient to be surrounded by beauty and playgrounds for your hobbys, you will do them more and if like mine they are physical, stay healthier
 
Zatoichi.uK said:
He's generally pretty savvy with money and doing well for himself. Seems like a gamble to me but I expect it will pay off for him, he's one of those types. I'm far more risk averse haha.
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He cant be if he has no investments other than 20k in crypto, if he was savvy very high risk investments like this would be a small portion of his portfolio.
 
200sols said:
He cant be if he has no investments other than 20k in crypto, if he was savvy very high risk investments like this would be a small portion of his portfolio.
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I'm sure he must have other funds, just no pension as he feels he left it too late and now must put away so much it wouldn't be worth it. I big mistake I think personally but I'm sure he will land on his feet one way or another.
 
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