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How can I cover a £12,000 retirement income shortfall?

Our experts help a couple work out a strategy to achieve their objectives
January 21, 2021 and Luke Edmond
  • These readers want to retire early on an income of £40,000 per year
  • They want to give their children £50,000 each
Reader Portfolio
Chris and his partner 53 and 46
Description

Pensions, Sipp and Isa invested in shares and funds, cash, residential property

Objectives

Retire in seven years on income of £40,000 a year, cover income shortfall of initially £12,000, give children £100,000 for education/homes, leave inheritance to children, cover possible care costs

Portfolio type
Investing for goals

Chris is 53 and his partner is 46, and they respectively earn £56,000 and £8,000 a year. Their children are 10 and seven years old.

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