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The Retirement Newsletter: Looks like I had my pension income maths wrong
Welcome
Welcome to issue -62, where, this week, I get my tax calculations correct!
Money
I am not a financial advisor. I am writing about what I have read over the years about money and preparing to retire. What follows is not financial advice.
So, what sort of retirement do you want?
I first wrote about this back in August 2021 in Issue Number: -126 — What will be your type of retirement?, and in that issue, I wrote about three levels of retirement that I defined as:
- Essential — what is the least amount of money you need to survive? To live? To get by? Not the most comfortable way to be retired, but at least you can be retired and have some freedom, albeit limited by money.
- Moderate — a comfortable retirement. A retirement where you are not overly limited by or worried about money. A retirement where you can travel and do things you want to do.
- Luxury — a retirement where money isn’t a serious concern. You can’t go mad, but you can afford some very nice holidays and have a very comfortable lifestyle.
