Dianne Sullivan
Dianne Sullivan
  • Видео 48
  • Просмотров 1 388 031
Stop this retirement strategy. Save your pension from lifestyling
In this video, I cover an important topic for anyone contributing to a UK workplace pension - and that’s *lifestyling*
I’ll explain what it is and why I think it’s a bad idea for most people.
***Book your free call with me here***
diannesullivan.co/
Timestamps
0:00 What is lifestyling
2:24 Case Study
5:10 Lifestyling in Practice
6:48 Impact of Lifestyling Since Retirement
8:21 The Right Decision for you
Просмотров: 16 528

Видео

Gold price could surge under Trump | How to invest in gold
Просмотров 2,4 тыс.19 часов назад
Gold could surge to a record $3000 an ounce under Trump. In this video I dive into - why the gold price could increase. - How to invest in gold and - Whether or not gold investing could be right for you. Book a free call with me here diannesullivan.co Timestamps 0:00 Why gold 0:24 Store of value 1:18 Why still an attractive investment? 1:50 Why could price of gold increase? 2:44 Ways to buy gol...
How much is enough? Only 1 in 4 people know how much they have saved for their retirement
Просмотров 3,6 тыс.День назад
3 out of every 4 people don’t know how much money they have in their pension pots. If you don’t know how much you have then, you won't know if you are on target to have an income to match the lifestyle that you would like to have in retirement. There are interesting differences in the awareness across different age groups so in this video I will dive into the data as well as how you can find ou...
Top 10 easiest countries to retire to for Brits
Просмотров 130 тыс.21 день назад
For British citizens looking to retire abroad, several countries are considered more accessible due to relatively easy visa processes, residency requirements, and lifestyle factors. Here’s a breakdown of some of the easiest countries for British retirees to relocate to, along with the reasons why: Book a free call with me here diannesullivan.co/ Links to further immigration information Portugal...
UK Pension Changes Announced in the Budget - A Balanced Review
Просмотров 11 тыс.Месяц назад
We now know exactly what changes there will be to UK pensions as a result of the budget yesterday. We also know what won’t be changing. I will go through what you need to know, whether you are saving for your retirement or already retired. I will give a balanced perspective on the changes that you might not necessarily be picking up in the main stream news right now. timestamps 0:00 what hasn’t...
STOP! Don't make the retirement mistake of having too many funds. Could one fund be enough?
Просмотров 5 тыс.Месяц назад
Holding too many funds could mean doubling up on investments rather than diversifying your portfolio. In this video I go through how to decide on the right number of funds for you. Book your free call with me here diannesullivan.co timestamps 0:00 intro 0:24 diversification 1:09 your goals & attitude to risk 3:27 what are the funds invested in? 6:30 how many funds is too many? 8:29 could one fu...
The Magic of Diversification: Spreading Risk and Increasing Gains
Просмотров 2,2 тыс.Месяц назад
Whatever investment wrapper you are using to build your wealth, whether that’s within a pension, an ISA or a general investment account, how do you go about choosing your investments? In this video, if you’re a little bit unsure or afraid of investing, I will explain the simplest and most effective investment strategy to follow. book a free call with me here diannesullivan.co/ 0:00 intro 0:31 w...
Pros & cons of buying investment property in a ltd company vs as an individual
Просмотров 1,5 тыс.2 месяца назад
Purchasing a buy-to-let property through a limited company can offer significant advantages over buying property as an individual. But, there is no clear tax advantage one way or the other in every situation. In this video I go through the pros and cons. timestamps 0:00 overview of why Ltd Company could be better 2:09 tax efficiency 5:12 IHT relief 5:35 Ltd Liability 6:51 Claiming mortgage inte...
How many choose to take the tax free cash and what they do with it.
Просмотров 12 тыс.2 месяца назад
When you're making decisions about your retirement it can be helpful and reassuring to learn what decisions other people like you are making and why. This doesn’t mean that anyone else’s decision is right for you but simply understanding their rationale can sometimes help. In this video, I go through the reasons why people choose to take the 25% tax free cash based on a report published by inte...
The end of the British ISA. What other ISA changes could come?
Просмотров 20 тыс.2 месяца назад
The previous UK government drew up plans for the so-called “British ISA”. The current government have now decided to drop these plans. In this video I’ll discuss the significance of this change. book a free call with me here diannesullivan.co Link to AJ Bell report www.ajbell.co.uk/articles/investmentarticles/276826/eight-reasons-british-isa-bad-idea timestamps 0:00 intro 0:21 what was the Brit...
Should you open the bank of Mum & Dad?
Просмотров 2,5 тыс.3 месяца назад
Many of my clients tell me that one of their main priorities is ensuring that they give their children the best possible chance in life to succeed, including giving them financial support. Isn’t that something that every parent would like to do for their children? Well new research shows that opening up the bank of mum and dad could leave your children worse off in the long run and that’s the s...
Your ultimate retirement planning checklist.
Просмотров 3,8 тыс.4 месяца назад
Planning for retirement can feel complicated and daunting for many people. In this video, I’ll go through the high level checklist that you need to follow depending on how far away you are from your target retirement date book a free call with me here diannesullivan.co/ Video links ruclips.net/video/MMPedtjOip8/видео.html ruclips.net/video/JDgzqGVt0wY/видео.html Guiide Retirement Calculator www...
How to retire well on average salary
Просмотров 7 тыс.4 месяца назад
1 in 4 people in the UK believe that they will never be able to retire. In this video, I want to show you how you could retire well on an average UK salary. Book a free call with me here diannesullivan.co/ Link to the PLSA website detailing the different retirement lifestyles www.retirementlivingstandards.org.uk timestamps 0:00 intro 0:20 how much income do you need? 2:16 how many achieve each ...
Best kept "secret" to boost your retirement money
Просмотров 10 тыс.4 месяца назад
Are you aware that you can pay money into someone else’s pension? Chances are that you’re not. In this video I'll explain the rules and how this could make your money go much further in retirement compared with only paying into your pension. Book a free call with me here www.diannesullivan.co timestamps 0:00 intro 0:12 why pay into someone else’s pension? 1:22 worked example 2:36 how much can y...
Only 20% of people can get all 3 financial literacy questions right. How about you?
Просмотров 10 тыс.4 месяца назад
Only 1 in 5 people in the UK can answer the 3 financial literacy questions that were tested in a recent survey. Are you one of the 20% who answered all 3 correctly? Book a free call with me here diannesullivan.co/ timestamps 0:00 the financial literacy survey 1:24 can you answer correctly? 4:47 demographic differences
Stop! 60% of people make this pension mistake
Просмотров 48 тыс.5 месяцев назад
Stop! 60% of people make this pension mistake
The surprising impact of paying to fill gaps in your national insurance - could you be worse off?
Просмотров 15 тыс.5 месяцев назад
The surprising impact of paying to fill gaps in your national insurance - could you be worse off?
Your need to know pension changes that are being discussed during the general election
Просмотров 37 тыс.5 месяцев назад
Your need to know pension changes that are being discussed during the general election
Reduced state pension? Contracting out explained. Why you might not be getting what you expected
Просмотров 61 тыс.6 месяцев назад
Reduced state pension? Contracting out explained. Why you might not be getting what you expected
Foolproof Plan for Retirement Income Protection; the cashflow ladder
Просмотров 3,8 тыс.6 месяцев назад
Foolproof Plan for Retirement Income Protection; the cashflow ladder
Finally! The tax free savings allowance is increasing
Просмотров 16 тыс.6 месяцев назад
Finally! The tax free savings allowance is increasing
No point saving into a pension if you’re a basic rate tax payer; ISA is better. Is this true?
Просмотров 20 тыс.6 месяцев назад
No point saving into a pension if you’re a basic rate tax payer; ISA is better. Is this true?
State pension means testing; What you need to know
Просмотров 428 тыс.7 месяцев назад
State pension means testing; What you need to know
Maximize Your Retirement: Top Employers With The Best Pension Contributions
Просмотров 2,8 тыс.7 месяцев назад
Maximize Your Retirement: Top Employers With The Best Pension Contributions
The surprising impact of compound interest on keeping your money separate or combining together
Просмотров 6 тыс.7 месяцев назад
The surprising impact of compound interest on keeping your money separate or combining together
The 6 steps to sort your finances for good
Просмотров 4 тыс.8 месяцев назад
The 6 steps to sort your finances for good
Will I ever be able to retire?
Просмотров 3,7 тыс.8 месяцев назад
Will I ever be able to retire?
The state pension is a benefit ; the real reasons why
Просмотров 21 тыс.8 месяцев назад
The state pension is a benefit ; the real reasons why
Your bank account will be monitored. New powers to snoop on state pensioners?
Просмотров 291 тыс.9 месяцев назад
Your bank account will be monitored. New powers to snoop on state pensioners?
Financial coaching helped me achieve my dream retirement | Money Stories Episode 4
Просмотров 1,9 тыс.9 месяцев назад
Financial coaching helped me achieve my dream retirement | Money Stories Episode 4

Комментарии

  • @jablot5054
    @jablot5054 Час назад

    Cant help to see the irony. The rich right wing constantly complaining about immigration wanting to become immigrants!! The sooner all those wingers leave the better for everyone else.

  • @patriciasears-cm6zz
    @patriciasears-cm6zz 7 часов назад

    If we have all paid the same in legally we should all get the same out. They would have to return some of your input

  • @jeffreymaclean83
    @jeffreymaclean83 10 часов назад

    The sooner the U.K. is ended the better , why do people support abusers . Than complain when their children are being abused , they encourage these abusers and groomers ,who use politics to install the idea that grooming is good . Colonialism is the worst form of terrorism, history is the proof that colonists don’t what you to see or hear . Some history the colonists need you never to see .

  • @angieburke3875
    @angieburke3875 11 часов назад

    All the politicians should have there bank accounts looked into for false clai s for expenses ñot pensioners a disg

  • @Tony-tourette
    @Tony-tourette 13 часов назад

    I’m not leaving we will be right wing within 10 years and it’s not too late That’s the trouble with us brits we need to grow a backbone and stop being so accepting

  • @daveannis2280
    @daveannis2280 15 часов назад

    I'm retired, but I've set my "retirement" date on one fund to 2030, with enough in there to last me 10 years, and another to 2040. I figure by the time I'm that age, I won't really be in a position to actively rebalance my portfolio, so I'm going to let them do it for me. The issue is not with lifestyling per se, it is more that people don't dig into the details or plan ahead.

  • @malvanlondon8683
    @malvanlondon8683 16 часов назад

    Very interesting scenario. Thanks. I hear a lot of pundits arguing for some bonds in one's portfolio. I guess having a rental income means this hedging measure (of buying bonds in case of market downturns) isn't as necessary.

  • @Bereadyalways123
    @Bereadyalways123 20 часов назад

    Portugal sounds good..I am 68 own my house all paid off and single, and really dislike the UK now.

  • @FlyingWoolf
    @FlyingWoolf 22 часа назад

    We left Britain years ago , now enjoying retirement in south west France. No trouble with pension payments converted into euros.

  • @maddog8621
    @maddog8621 23 часа назад

    Thanks Dianne. Such a great breakdown of a very complex and contentious issue. I'm approaching this situation.

  • @rayholmes931
    @rayholmes931 23 часа назад

    Again the ‘government’ are looking at penalising the people who have abided by the rules and have paid into the system all their working lives, instead of looking of ways of saving the massive amount of money spent on illegal migrants who have paid nothing , but get given everything. Where’s the incentive to do the right thing?!!!!!

  • @pamelabriddon1233
    @pamelabriddon1233 День назад

    We are setting a poor example to the young why would the youth of today want to put into a pension when they are robbed at a time when they need to use it for necessary needs in old age eg scooters walking aids glasses false teeth inroads medicines etc

  • @Sando-q3b
    @Sando-q3b День назад

    State Pension cannot be touched, the Soc security contributions were made based on an agreed undetstanding, that one would receive a fixed state pension for life after a certain age. By changing retirement age, already the agreement is broken and by trying to introduce means testing would be criminal violation. With cost of living gone up 3 fold so current rate of 884 pet month is insufficient, true pension shpuld be as per economists is minimum of £2,770 per month.

  • @mariebre4356
    @mariebre4356 День назад

    If state pension is means tested it WILL put you even more on the poverty line as you have no further means of increasing your income without losing benefits. Believe me I know I am now looking at retirement and currently live in australia. Unless I continue to work full time I will not earn enough to be able to afford to lose the pension - but if I don't work I will always be behind the eight ball - don't let it happen in the UK

  • @2456789ful
    @2456789ful День назад

    dwp on the take

  • @simonchetwynd
    @simonchetwynd День назад

    Totally agree. If you retire at 65 and plan to fund yourself to 90, half of your pot will still be untouched 12.5 years later. Equities is where a big fraction should be invested for that time period.

  • @derekcockburn820
    @derekcockburn820 День назад

    The state pension is being phased out for future generations. Most people now have to have a "personal" pension, similar to investment schemes.

  • @cornwallkev201
    @cornwallkev201 День назад

    I have retired in Gibraltar. Taken my pension, savings, sold the house, packed up what we needed on our yacht and left the UK behind just before Starmer and his bunch of idiots got into power. Not one penny has he Taken from me. Will never return while he is in power. Loving the life, the people and the environment. Very little crime and we feel safe.

  • @StephenOakes-p5v
    @StephenOakes-p5v 2 дня назад

    Labour ,,Tories, what's the difference ? Feel so let down by starmer and co, he's penalising the very people who voted for him,the poor,the sick,the vulnerable, whilst he has no problem with accepting "freebies" we on the other hand will be " criminalised" if we can't explain the slightest upsurge in our bank accounts when they start prying into them,should not be allowed ,next you'll be fined for eating white bread instead of brown as its "bad for you" sorry i voted labour ,

  • @Neddie2k
    @Neddie2k 2 дня назад

    In the UK many pension providers have various pension products, it’s worth spending time to research them all and grow your pension if you are more than 10 years from retiring. I left my pension in this default things for a long time, then less riskier funds. Now am more comfortable with high funds with a trace record, I am invested in funds that beat the market consistently.

  • @Lolly8863
    @Lolly8863 2 дня назад

    I do not buy into this idea other countries are better than UK. May be they may have better weather, and maybe even nice food, and may be some nice scenery but when you go on ho,iday, it's not the same as living in that country. I recon if you live abroad it's best to do it when younger, but for elderly people I wouldnt leave what you know so quickly. Often other countries havent got the free medical treatment or even as advanced as UK even though NHS is in a mess. Plus, moving late in life you may not have friends or family to rely on when you are in need. I think living abroad isnt as easy as people think, especially if done as a older person. I know some one who's parents actually lived in Spain but actually came back to UK when they got old because they just didnt have the support over there. I dont know their circumstances but getting old isnt always easy, and I think when we do, we need familiarity, and support. If I had my life again, I would have left UK as a younger person, simply because I just dont like the weather, and it's got worse. We hardly have a summer, cant string a week of sun together, if we get a week of sunlight its followed by rain or dullness. Dont get me wrong, I love rain and snow, but for me it's the inconsistency of our weather in UK that gets to me, we can have all the seasons in one day, its erratic and makes me feel scatty. When I was a kid, winter was winter and summer was summer, and autumn was autumn and spring was spring. Now there isnt such distinctions and I miss a good summer, I want at least 3 months of good sun, regular, but never happens. If we got 3 months of sun, it prepares you for winter, but we just dont. I also think cost of living is too high, but I recon that would be the same in most countries now, whether its food costs, rents, travel, I think every country has high living costs, may be not the same area, but they will have them. The world is crumbling imo.

  • @andypandy9931
    @andypandy9931 2 дня назад

    Throughout my working life I paid into a personal pension, it didn't really interest me and I left it to my advisor which was a mistake. Some of these people it seems are in it for themselves only. My pension was moved to different companies quite a few times and I now realise it was probably down to inducements and bigger management fee's for her. Now I have both pensions combined and while in a "safe," fund are accumulating nicely. Needless to say the advisor is gone but the inheritance tax is a worry.

  • @davidgeary9534
    @davidgeary9534 2 дня назад

    Greece can get quite cold in January and February, colder than the UK

  • @soundslight7754
    @soundslight7754 2 дня назад

    I never understood why people move their pension capital out of the stock market. In this case he has enough income to live on a good life, perhaps he has cash savings in ISA for emergencies, so all of his pension should be invested for growth

  • @Sanchyfab
    @Sanchyfab 3 дня назад

    Retirement is now more difficult than it was in the past. it's all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an advisor to help in diversifying your portfolio to spread out the risk.

    • @Sanchyfab
      @Sanchyfab 3 дня назад

      Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.

    • @camela8445Mar
      @camela8445Mar 2 дня назад

      Consulting with a financial advisor can provide personalized insights and help align your investment strategy with your retirement goals.

    • @camela8445Mar
      @camela8445Mar 2 дня назад

      with the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and plan strategies accordingly.

    • @Deitricklaverne
      @Deitricklaverne 2 дня назад

      Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.

    • @Deitricklaverne
      @Deitricklaverne 2 дня назад

      My CFA, Joseph Nick Cahill is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.

  • @peterthomson127
    @peterthomson127 3 дня назад

    Guiide is a great tool for UK residents, it is just the thing I've been looking for to test out my financial plan. I thoroughly recommend giving it a try.

  • @DixieDaydreamer
    @DixieDaydreamer 3 дня назад

    The worst aspect of lifestyling is that it takes no account of the strength of the bond market when the assets start being sold off to buy into bonds, classic one-size-fits-all but as we all know your retirement is probably one of the most unique and personal things you will ever plan in your life, lifestyling goes against that. The lifestyling can be as bad as 75% in bonds which is crazy when you need that final push towards the handover into retirement. The lifestyling kicks in at a low point and it's like just taking your foot of the accelerator on the hard-shoulder and letting the car just coast along on whatever car's engine can manage, everyone else is passing you by at 70 and you're oblivious to the fact that you're not getting anywhere. I engaged with an IFA this year and it was one of the first things to be discussed and checked, they still advise use of bonds but only as a "smoothing" mechanism to ride out the worst of any sequencing risks and even then they said max 3%-5% of the fund is permanently held in bonds just as a small buffer so when you start drawing you can bump over down turns in equity performance for a couple of months.

  • @Stevowowww
    @Stevowowww 3 дня назад

    So cambodia isnt your number one...thats ridiculous...😂

  • @paullepine4765
    @paullepine4765 3 дня назад

    I was sold by the government extra years cash contributions to get an increased pension...... If i dont receive my pension for any reason including means testing - then that is FRAUD!

  • @jamelatmani957
    @jamelatmani957 3 дня назад

    She's lovely

  • @jamiedyer3873
    @jamiedyer3873 3 дня назад

    Inheritance tax change was announced but not implemented until April 2027. I guess we all expect to live beyond that so there's time to make plans if you don't die in the next 2 years 4 months.

  • @shivasahadeva317
    @shivasahadeva317 3 дня назад

    I worked 49 years here in England I am foreign, a resident and a genuine citizen Why are they doing this to us? Are they collecting money for the boat riders? Bloody disgusting

  • @AndrewGAlonzi
    @AndrewGAlonzi 3 дня назад

    Clearly explained and very informative. Thank you.

  • @davidbarclay54
    @davidbarclay54 3 дня назад

    What if he was 100% equities from the outset? Presumably an even bigger “loss”.

  • @Brrunoc1
    @Brrunoc1 3 дня назад

    The Pension companies (who probably know a bit about asset allocations) do not do a lot about making it easy to move back into equities. The real risk is leaving pensions to get worn away by inflation. True the funds suffered during crashes but always more than made up for themselves over bonds in the long term.

  • @johnristheanswer
    @johnristheanswer 3 дня назад

    Did they have " Lifestyling " pensions 20 years ago ? I thought target date pensions were a relatively new concept. Interesting video.

  • @rickydonnegan
    @rickydonnegan 3 дня назад

    I adjusted my presumed retirement age from 67 to 75 to keep the lifestyle ratio at bay on my Scottish Windows pension.

    • @ruthnebauer-fruhwirth4429
      @ruthnebauer-fruhwirth4429 2 дня назад

      Exactly what I'm doing as well

    • @guyr7351
      @guyr7351 2 дня назад

      I first saw this reported a few years ago and adjusted my funds in my work pension back into the growth funds. The drawdown/ accumulation fund was performing horribly I was 59/ 60 at the time. I was effectively seeing nil growth other than the money I was putting in. You have to be prepared to accept greater volatility brings greater risk but I’ve seen big gains the last few years even though I retired last November just short of 64th birthday. I have left this fund churning away in growth mode and am using a much smaller already crystallised fund to provide until a work DB scheme pays out then state scheme a year later

    • @alecdurbaville6355
      @alecdurbaville6355 2 дня назад

      Yup. And transfer it all into portfolio 1.

  • @OneAndOnlyMe
    @OneAndOnlyMe 3 дня назад

    Funny thing is, many people would be better of with an annuities while interest rates were low.

  • @MsSarahJam
    @MsSarahJam 3 дня назад

    Thank you Dianne

  • @anthonycurran362
    @anthonycurran362 3 дня назад

    France for me, the UK is one big open prison, since the population were conned into leaving Europe.With terrible roads, terrible public transport, ridiculous taxation and a crumbling health service.

  • @andrewamidala
    @andrewamidala 3 дня назад

    I'm 55 and taken my 25% tax free and paid off my house. Yahoo, that is why I worked since I was 16. No more worrying about these mad interest rates!

  • @sathim11
    @sathim11 3 дня назад

    They are going to tax it all and any saving is not worth!!

  • @notwkrail
    @notwkrail 3 дня назад

    Over 30k and leeches like u suck the life out of a pension

  • @johnmarcantonio3640
    @johnmarcantonio3640 3 дня назад

    The company I worked for moved my funds to a Lifestyling fund without my knowledge (with Scottish Widows) and lost £15k

  • @kevinrichards6506
    @kevinrichards6506 3 дня назад

    Thanks Diane, great video with an important message. Really good that you're highlighting this - it took me a long time to recognise the implications 😮. I ditched lifestyle funds a few years back for the reasons you highlight. I'm now on a crusade with my kids to get them to look at both the funds they're invested in and the platform charges of their old pension pots 👍

  • @銀河のたろー
    @銀河のたろー 4 дня назад

    I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Evelyn Infurna. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.

    • @jeffbox1torres
      @jeffbox1torres 4 дня назад

      I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here

    • @DannielleRosales
      @DannielleRosales 4 дня назад

      Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's

    • @bernardozarro
      @bernardozarro 4 дня назад

      This is interesting. I heard a lot about the same person not long ago, please how can I contact her?

    • @銀河のたろー
      @銀河のたろー 4 дня назад

      Use her name to quickly conduct an internet search.

    • @銀河のたろー
      @銀河のたろー 4 дня назад

      SHE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME.

  • @simondavies9315
    @simondavies9315 4 дня назад

    The best financial strategy I adopted was to get accustomed to frugal living when I was still working. This made it easier to slip into retirement when the money became, let's say, a bit less than before.

    • @stevenrix7024
      @stevenrix7024 3 дня назад

      That reminds me of an old story, fictional or not. An impoverished academic feeds his well-off university colleague, who says that if he learned to flatter the king then he wouldn’t need to eat lentils every day. To which the academic replied that, if his colleague learned to enjoy lentils, he wouldn’t need to flatter the king!

    • @DixieDaydreamer
      @DixieDaydreamer 3 дня назад

      Exactly mine and my wife's way of thinking over the last 5 years as we hit both hit 50. We started really cutting back, not going without but just cutting the junk out and spending more wisely, in the back of out mind is "When there's no wage coming in, could we afford to have XYZ?", we don't do that for every single thing but it's a mindset you need to train up for with 5-10 years lead in and then hope we hit the ground running and it will be a smooth transition from salary to drawdown.

  • @carguyuk7525
    @carguyuk7525 4 дня назад

    Lifestyling does not work. You don't know when you are going to retire or how to take your peension.

  • @dontuno
    @dontuno 4 дня назад

    From my own experience, I've left and in some case sought out funds that are a minimum risk level 5 and in many more cases 6, 7 and even 8. My reward has typically been 10 to 12% p/a growth. Why on earth you would de-risk when you might have 30 years in retirement is beyond me! Methinks, this "life styling" is a myth created by pension providers who are providing extremely poor advice and guidance. My regret is that I didn't take charge of matters long before, when I could easily have doubled or even trebled what is now, thanks to my input, a very healthy pot.

    • @davidnash4393
      @davidnash4393 3 дня назад

      @@dontuno because of sequencing risk. You will see good growth over the long term while you are building your pot. After retirement you are no longer contributing but you are in drawdown. If there is a crash early in retirement it's very difficult to recover if you are over exposed to high risk stocks, and you could run out of money.

    • @dontuno
      @dontuno 3 дня назад

      @@davidnash4393 Already been there in 2021 and simply stood firm and waited for the recovery which indeed came last and this year.

    • @stevenrix7024
      @stevenrix7024 3 дня назад

      Hindsight is a wonderful thing, hey? Warren Buffett knows a thing or two about investing and I gather he isn’t particularly bullish for US stocks at the moment, so has a larger portion than usual in cash.

  • @BrianHill-t6n
    @BrianHill-t6n 4 дня назад

    Thank you so much for this amazing video! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?