I have no pension, but I own my own home with no mortgage. I also have quite alot of cash in the bank. If I get a financial advisor to invest this for income for me, with index linked investments (so that the capital goes up with inflation) and I want to retire on an income of, say, £15000 per year before tax in today's terms, how much cash do I need in the bank to generate this income, which would enable me to retire and live a life of leisure?
I am 35 years old.
Thanks
2007-05-25
12:23:18
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8 answers
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asked by
Anonymous
in
Personal Finance