- Readers aim to reduce work at age 55 and retire at age 65 on an annual income of £250,000, mortgage free
- They also want to help family and make charity contributions
- To meet their goals they should draw up a financial plan
- A key issue for them to address is IHT
- They should also diversify their investments
Reader Portfolio
Daniel and his wife
49
Description
Pensions, Isas and trading accounts invested in funds and shares, residential property, cash.
Objectives
Income of £100,000 per year between 55 and 65, cut number of properties, retire at 65 on income of £250,000 per year with no mortgages, help family financially, increase charitable donations, reasonable taxation on income.
Portfolio type
Investing for goals
Daniel is 49 and earns about £500,000 a year from his advertising and marketing business. His wife earns about £25,000 a year. They have two children aged 12 and 14.