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[Mysteryman]

a few good investments you could certainly retire but with high risk investments comes risk.... at my age i would be living on what i live on now and then have a steady investment plan for say 800,000 you have a leaway with the banks for an easy 7 percent and then what more do you need?? a lavish lifestyle not but a better one than you have for know for sure!!

On £800,000 that would amount to £56,000 and you'd still have to pay tax at the higher rate on £20,000 of it.

[mrgreen]

well if you can't live on that rent free e.t.c then you have a champagne lifestyle

[Mysteryman]

well if you can't live on that rent free e.t.c then you have a champagne lifestyle

Agree. But it makes you realise how little you can make without touching your capital.

[bigegg]

don't forget inflation!
5% a year inflation will start to eat into your lifestyle before long.
assume you've got 40 years left, won't be much left to leave to your kids.

alternatively,
put 50% deposits down on 10 flats at 60k each. (30k deposit)

mortgage (repayment) is around 200 pcm (at 5% interest)- goes to 400 for a 15% interest rate.
rent them out at 650pcm
pay a management company to deal with all the paperwork, at 10% of the rent.
10% towards insurance/maintenance.

gives minimum 1200pcm (at 15% mortgage interest - 3200 pcm at 5%)

and the rents go up with inflation.

plus you'll still have 700K left in the bank to splash out on luxuries.

in 20 years, the mortgage will be paid off.
that'll be another 2k-4k per month of income.

plus whatever the price of the flats increase by.

you (and your family) will be comfortable for eternity

[mrgreen]

don't forget inflation!
5% a year inflation will start to eat into your lifestyle before long.
assume you've got 40 years left, won't be much left to leave to your kids.

alternatively,
put 50% deposits down on 10 flats at 60k each. (30k deposit)

mortgage (repayment) is around 200 pcm (at 5% interest)- goes to 400 for a 15% interest rate.
rent them out at 650pcm
pay a management company to deal with all the paperwork, at 10% of the rent.
10% towards insurance/maintenance.

gives minimum 1200pcm (at 15% mortgage interest - 3200 pcm at 5%)

and the rents go up with inflation.

plus you'll still have 700K left in the bank to splash out on luxuries.

in 20 years, the mortgage will be paid off.
that'll be another 2k-4k per month of income.

plus whatever the price of the flats increase by.

you (and your family) will be comfortable for eternity

yep that's areal investment it's certainly what i'd do i have two flats for my retirement already no insurance plan but all going well..........