Sounds like he could buy a large apartment to visit at weekends.It sounds like you could buy a small apartment to visit at weekends?
Hi Opus2018,
I really struggled to formulate an answer to this post. Obviously you have given us pertinent information, but very little else to go on. So remember that when I give you my thoughts.
You are 52 (same age as myself), you have a house worth 3/4 of a million, owned outright. You have no (life) partner or dependants, you have savings of 400,000, and no debts. You have a DB pension
You currently save half you salary, and your main question is whether you should buy back years to increase your pension or purchasing shares (i.e. more savings)?
The big question that jumps out to me is WHY?
At what point do you intend to stop accumulating money and start spending it?
If you were hit by a bus tomorrow, what would flash before your eyes?
Are you actually living, enjoying yourself, gaining experiences?
For all I know you are living the high life with the half salary you spend, and get to work abroad in exotic locations and use your free time to travel the world.
But you didn't say so, so I am assuming not. You did say you were on a career break, but since you quote a monthly take home pay, I assume you were working during that time.
So I'm looking forward to having more free time which will hopefully raise my welfare levels higher. I still think though that I need to keep an eye on wealth and cash flow as it took me a long time to put all this together and I'm not disposed to losing it all by being silly, hence the question posed.
BTW this is easier said than done. Its hard for most people to 'switch back' to this if they have spent years going full throttle !but on my return it's the 9-5 routine only plus whatever international work I pick up
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?