N9 one expkains the basics. Do bond yields go up as the value of the bond goes down?

😢

As soon as I heard the news I hoped you’d do an episode on the Vanguard fees shake-up. Thanks for the effort you’ve put into this. I’ve moved my small ISA pot to Dodl.

Interactive investor actually charges to buy and sell open ended funds, oeics etc. I think it £3.75 for each trade. So I think you need more than £100k to really make it a cheaper alternative. And why have my previous comments been deleted

thanks for the video, very helpful. Are there any online calculators that allow you to enter your current pot value & monthly contibutions to compare the difference over 10/20/30 years between 2 different platforms and there repsective platform charges? Whilst the charts are great indicators, a worked example with my own figures would be great! I am with VG now but unsure if i move to IE, that i will actually grow my value significantly over the years enough to intice me to move from the VG trusted brand to IE? thanks!

I was saving 10 pounds a month...... small investors like me have been given no option

Are these all bot comments advertising a scam? Why would a UK video with 5 views have 18 comments about investing in dollars

For those of you that are here because you're curious, you'll need roughly 50,000 + in savings to get anything worth while. Anything less is basically a good night out after losing access to your money for a year.

Great pod guys. Quick Vanguard question, is this £32k tipping point for fees applied to the whole portfolio or is it applied to the individual components, ie I have a SIPP over £32k but an ISA less than £32k, will I be charged the new fee structure on my ISA? Thanks Damien.

Great analysis! Thanks

Hi, if you bought a house with a 5% deposit and switched to a buy-to-let mortgage, do you need to pay 25% of the house’s value, or just change the rates?

Does the average person include people who work for the state and therefore have very reasonable pensions but wont have indicative pension pots because it based on final salary or average salary? There will be people who have a mix of state and private jobs so there pot might be small for their age but there total pensions might be significantly higher. The best rule is work on £5,000pa per £100,000 pot. So if you want an pension of £50k you are going to need £1m

stumbled across this when i was doing some research. apparently it says that someone of my age (23) has £2900 in their pension, which is surprising.

Great video but the £31k is so out of reality the uk average earnings is only aroung £33k plus the majority will have a home with no mortgage. Yes you may want more holidays but still i think a single person could live moderately on around £26k before tax so with need £14 from a private pension.

Good luck to everyone who are plannign to retire at 66 years - you basically don't have any healthy years left to enjoy your retirement

Great 👍🏼

Are you both allowed upto a 1000 each allowed on interest?

Brilliant concise and helpful. Thank you so much 😊

it doesnt make sense to me to take a level annuity so even the lowest joint rising at 3% (4.89%) is higher than the 4% rule for drawdown and if the market crashes you shouldnt even take that. So your saying its a no brainer, unless you want to leave an inheritance.

My brother finished his masters in September and already his recent graduate current account are reducing his arranged overdraft down to £1000 already

revolut has notoriously weak fraud protection. strongly suggest that only those that really need its specific features use it. using an alternative is likely more secure for the average user.

Is this video about starmer asking me how much he will get from my 100k pension? My answer : All of it starmer, you'll take it anyway, or at least, Rachel from accounts will

Less tax

Can you review retail banks like Santander and First Direct? With a review of Jam Jar accounts for adults. I am not sure of Hyperjar, but I use it as an adult.

Snoop isn't easy to navigate as it was when I joined a couple of years ago. But like the credit score. I left Totally Money due to this.

All depends on your fixed costs, and where you intend on living in your golden years..

Go where your money works hardest. Key is to keep fixed costs under control

8:35 DON'T DEFER YOUR STATE PENSION!! It takes 17 years for you to breakeven from deferring and that's including the extra tax you'd need to pay because you are still working. Not saying you shouldn't consider it but can you be sure you'll make it to 80?

Agree. Bitcoin for the win.

I have a full state pension, 2 private pensions 1 of which I’ve not drawn on yet and I’m still contributing to. I’m also still in full time employment. I am, as you can imagine, being crucified by the taxman. Ive been actively seeking appropriate financial advice. It appears to me., that independent advisors either want to sell my entire pot and take 10-20% commissions, or, enter me into some type of investment plan for the privilege of so doing, they’d charge me a rate not dissimilar to what the taxman is currently getting. It’s a ‘win win’ scenario, for the taxman or financial advisor, but not for me.

Something to keep in mind, the average healthy life expectancy in the UK is age 63. Do you want to retire after your health is starting to deteriorate?

At age 53 I have £300,000 in pension pot (funnily enough with PensionBee, I consolidated all my previous workplace pots). I work in a highly paid sector, and the wisdom passed to me at an early on was that, if I wanted to retire early, at age 50 to contribute as much as possible to the pension. Problem is many people spend more when they move up the pay scale or earn a bonus. If you want to work until you're nearly 70 years old, then put the minimum into your pensions. If you want to retire early, before age 55, put more into your pension during your career.

Why doesn't everyone just say that they're a smoker, and get more money for life?

If you reach state pension age, take it you don't know how long you have got.

Surely it depends on your retirement age !! If you are 62 a 6% drawdown might work. If you are just 58 I think a 4% drawdown rate is the maximum you could plan on.

£100k per year, for one year

Why piss around like this, get into xrp

I think in these times 1 Bitcoin will pay off better...

IIRC the age at which youj can start withdrawing from a DC pension or SIPP is now 56, and will rise to 57 when the SSP qualifying age increases.

This is great advice. Thanks for sharing it

So does that 43k include tax, state pension and assume you pay no mortgage? What is it really for a single person?

Are you still entitled to whatever amount of state pension you have built up if you move abroad when you retire/stop working (for example to another European country) and become tax resident there?

You're the youngest 46 year old I've ever seen.

If there's one thing I've learned while planning my retirement over the last few years since hitting 50, it's that you're given averages from all quarters but no one ever lives an average life. Retirement seems to be so personal and unique to each person that averages help give ball park figures, but you simply need to sit down and do all the maths yourself, or if you can afford it you get an pensions IFA. 15 years ago my wife and I got into some serious debt, to get out of it we started recording every penny we have coming and going, my wife has years of spreadsheets seeing where the money moves to and from got us out of debt. We used those same sheets when we started planning how retirement might look in 5-10 years time, knowing how much you spend on everything. It was the one thing that really set my mind at rest as it blew away the PLSA stuff as we know our lifestyle, likes and dislikes, know what will have to spend and how much we can pee away on fun stuff in retirement.

Given the current situation, probably best not to expect a state pension if you have a reasonable private pension or own your home

The pot averages mean very little, many people will have pots scattered across different providers from a range of jobs across their career. Most people don't take any interest in their pension nor know what its invested in nor its value so realistically they are highly unlikely to have combined all their pots into a single pot.

Those living standard figures are a joke. I've always lived a comfortable type lifestyle on a lot less than £43k. That's equivalent to needing a £1m pension pot using the 4% rule.

Those retirement living "standards" are not relevant for most retirees. Their methodology is somwhat questionable and the values shot up way over 10-11% in the ladt update. They were useful in the past. Now, at best, a pessimistic upper bound...

Deferring your state pension is a really bad idea - I struggle to think of even an unusual situation where people might benefit from doing this.

Keep up the good work.