HYP Income Retirement Planning
Posted: January 11th, 2020, 10:38 am
Not 100% certain this is the right board, but it's related to my HYP so I'll give it a go.....
As retirement gets nearer I'm attempting to create a very simple plan for the end of each year, including how to calculate the float and income that I can spend the following year but I can't decide between two different options on the income front.
Income for the upcoming year, is either:
1) Previous year's actual dividends + any pensions due in the upcoming year, etc.
2) Upcoming year's forecast dividends + any pensions due in the upcoming year, etc.
Obviously, neither will be 100% correct as forecasts can be wrong and dividends can be raised/cut etc.
So, I was wondering what those of you who are living off your HYP currently do, or for those not yet retired what do you plan on doing?
regards,
Darka
As retirement gets nearer I'm attempting to create a very simple plan for the end of each year, including how to calculate the float and income that I can spend the following year but I can't decide between two different options on the income front.
Income for the upcoming year, is either:
1) Previous year's actual dividends + any pensions due in the upcoming year, etc.
2) Upcoming year's forecast dividends + any pensions due in the upcoming year, etc.
Obviously, neither will be 100% correct as forecasts can be wrong and dividends can be raised/cut etc.
So, I was wondering what those of you who are living off your HYP currently do, or for those not yet retired what do you plan on doing?
regards,
Darka