By the time I retire I would like to be in the following position financially.
i would like us to have paid off our mortgage completely. I would like us to have given both kids the opportunity to travel the world, have a college education with no debts and to both be given a deposit for a home .
I was born in a family that had a low income and always rented. Luckily for me my 7 years at University were fully funded by the government and I left with just a minimal overdraft. Luckily for me an amazing friend paid the deposit on my first home .
Luckily for me.
I don’t want my kids to have to rely on luck or a better government than we have now. I want to know I can help them and give them a great start. I fully expect them to work hard too but not too hard. I want them to have fun whilst they are young and not be worn down paying their way.
I also don’t want my kids to feel they have to support us in our old age or that we can’t treat our grandchildren. I want us to go on brilliant holidays and make the most of our non-working life. So I want us to have good annuities that provide us with a good income through out hopefully long retirement.
Shopping around for the right annuity provider is a good step towards this goal when the time comes. For now keeping fit and healthy, sorting out my too big BMI ! is really important as they impact our annuities. I better finish those Easter Eggs need off quick!
I know my plans are ambitious so what I need to work on now is a plan to make them happen!