Enough to retire? An even simpler way to plan for your financial freedom; The best pension planner.

[@ryanwilliams989]

40 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $900k, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.

[@TheresaAnderson-kf5xw]

I fully agree; I'm 56 years old and recently retired with approximately 1.2 million in outside retirement funds, no debt, and very few dollars in retirement funds in comparison to my portfolio balance over the last three years. To be honest, the financial advisor's role can only be ignored, not dismissed. Therefore do your research to get a reputable one and that should be any individuals main route into the market.

[@hunter-bourke21]

Yes, I'm in my mid-50s, and a few years back, I moved my investments to my wife's wealth manager. While I haven't caught up to her long-term gains, my current earnings and the growth of my retirement fund, compared to just relying on the 401(k), are pretty satisfying.

[@maggysterling33254]

@@hunter-bourke21 Amazing! I hope it's okay to inquire if you're still collaborating with the same fiduciary and how I can get in touch with them?

[@hunter-bourke21]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with *Gertrude Margaret Quinto* for the last five years or so, and her returns have been pretty much amazing.

[@BiancaSherly-qt6sb]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@declanmcardle]

James Shack's retirement planner is good.

[@CathyPowellGlass]

We use this planner too.

[@JulianHall]

I just wanted to say thank you for sharing this tool. I've just started using it and it's brilliant

[@DianneSullivan]

It's wonderful to hear that you share my views on how great Guiide is!!

[@Robbie.999]

This was useful and informative. Thanks Dianne for the video 🙏

[@DianneSullivan]

You are so welcome!

[@jimbo573]

Thanks for showing us this tool. I liked the basic tax reduction modelling that it showed.

[@DianneSullivan]

Glad it was helpful!

[@mauroaurelio6534]

Hi Dianne, Thanks for the interesting video! I am constantly searching for "enlightenment" - I am officially retired but I still work out of fear for our financial future however I have come to realise that good health is a super luxury and I appreciate being able to work! I tried the tool...I do have the feeling it is too optimistic .

[@user-fv1576]

I’ve been searching for uk retirement tools for past 3 years. Very few out there for non-professionals- yep , that means they won’t sell them to joe public . Guiide is one, a couple others . But not on the same level as the American products . Subscribed 👍🏻

[@markstevens4341]

Very informative, and the Guiide tool very useful, thanks

[@DianneSullivan]

Great to hear that you found it useful.

[@davidplanet3919]

Thank you Dianne. Very helpful video.

[@DianneSullivan]

Glad it was helpful!

[@davechandradasa6130]

Great video , used tool previously and us it as a rough guilde

[@DianneSullivan]

Great to hear!

[@guitarsandcheesecake1632]

Wow. Thanks Dianne. Great video. Looks like I'm on track to lead a very comfortable retirement. Even if I retire a few years early. I may end up leaving my daughter too much money, lol .......take care

[@DianneSullivan]

That's wonderful to hear!

[@guitarsandcheesecake1632]

@@DianneSullivan fingers crossed. But you never know......lol

[@nicobass1966]

Thank you so much - great job

[@DianneSullivan]

You're very welcome!

[@mangalsingh4036]

Great Video, very helpful, just a quick question the £6000 from your DB scheme, was that a gross figure before tax or net figure. Is the moderate figure again a net income or gross figure. Thanks

[@DianneSullivan]

It's gross and is increasing each year with inflation. How much tax I pay on it, if any, will depend on the other income I'm receiving when I reach the age that I'll receive it. Hope that clarifies. Thanks for watching

[@pascaljoly5752]

I like these videos but at the same time they’re kind of depressing when I think about how low my pension pot is. I currently use my unused money each month , half of it is used to overpay my mortgage and the rest I invest. Dianne, do you have a video about mortgage overpayments? I’ve been overpaying my mortgage for years and I feel like it’s not made any difference. Thanks

[@DianneSullivan]

I'm sorry to hear how disheartened you are feeling about what you have in your pension pot. Keep going as it sounds like you're doing all the right things. I made a very basic analysis of investing vs overpaying on your mortgage; let me know what you think of it kzbin.info/www/bejne/en_IiZxjecamjsk

[@guyr7351]

Overpaying your mortgage will help in the long run, there have been a few you tubers giving examples of getting rid of the mortgage then investing/ saving everything you were paying into your mortgage. This was compared to not overpaying and investing, often little difference in the fund value acquired, but what you cannot factor in is mental health of knowing mortgage is getting cleared /reduced. I overpaid my mortgage considerably to reduce the term and this then gave problems when re mortgaging, as I expected I could spread payments to the original term Of the mortgage, which would have a massive impact in my payments. I could only do this by paying extra fees. Now I overpay but reducing the amount of the payment this keeps the length the same. Reason is I am nearly 64 , fixed deal has three years to run and schedule is planned until 2034. When current term runs out balance will be about £45K and repayments will be easily manageable, once i enter the next mortgage it will be reducing term if we overpay.

[@mindcache5650]

This is wrong. No 80-90 year old is wildly spending. Furthermore, time is the only coin. You should be glad you don’t have incapacity at 76. The median age of a cancer diagnosis is 66.