MK5 Golf GTI
General => Random Chat => Topic started by: Matto on June 07, 2012, 11:59:46 pm
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I am 28 next month and yes its abit early to be thinking about early retirement but I don't think I want to be doing the job I'm in now until I'm 65-70 or whatever it is now. I have been paying into my Rolls-Royce pension since I was 16, I am also part of a Sharesave scheme and Sharepurchase.
My question is, are there any other things I can be doing as a long term investment to give me the best chance of possibly retiring early?
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Move to Greece. I think they retire at 50.
Apparently there are more Cayennes per capita in Greece than anywhere else in the universe. :smiley:
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Top up your pension with AVCs
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Top up your pension with AVCs
Some of the older generation have done this as their pension is different to the one I have. With mine I don't think I have the option.
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You could start your own plan for AVC's if your employer pension does not have that option (would be very surprised if it does not?).
With your own pension you can control where it invested and into which sectors with varying degrees of risk, you choose, but do get some advice unless your a fund management expert!.
Alternatively you could invest in property, buy to let etc?
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Move to Greece. I think they retire at 50.
Apparently there are more Cayennes per capita in Greece than anywhere else in the universe. :smiley:
....I'm half-Greek and living in the UK. I retired at 52yo. And no, I don't have any pension advice except to live for today - Who says you'll be around tomorrow.
Of course the wealthy Greeks are wealthy - It's in their genes not to pay taxes and to take advantage of the Eurozone. Westerners have shown such shock but I wasn't surprised at all. The Italians are similar.
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maybe try and get another property to let, you need to pay off any mortgage as cant retire if still have that hanging round your neck.
if you have spare cash make use of ISA allowance but this should not be the case as that should be swallowed up by modding budget :evilgrin: