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It depends what you mean by paying for. Our most regular trip is once a year to our condo in Florida. With Avios and 241 it works out about £1200 return in Czw. Economy cash would get about £500 without any of the flexibility that Avios bookings get. Bargain. Our financial adviser says we can afford it (we’re retired) so it’s a very easy decision.in fact anything over 4 hours, either going business class or not going.
You need a financial adviser to tell you what you can and can’t afford? Do they come with you to the supermarket as well?
You need a financial adviser to tell you what you can and can’t afford? Do they come with you to the supermarket as well?
Think the whole post was an opportunity to flex.
You need a financial adviser to tell you what you can and can’t afford? Do they come with you to the supermarket as well?
We’re now retired so have a pot of money to use until we die. You think the sensible option is to ‘wing it’, or have a sensible budget we can afford based on a clear investment strategy, as managed by our financial adviser? Part of that budget is holidays. I find it odd that you should even ask that question.
It’s one thing to have a budget, it’s quite another to have someone micromanaging your finances. Surely you know how to add what you spend and compare that to a big number?
You need a financial adviser to tell you what you can and can’t afford? Do they come with you to the supermarket as well?
It’s quite wrong to ridicule the OP as the vast majority of people would be unable to calculate what can safely be taken out of a pension pot each year allowing for a long life and with an income level maintained in real terms. Those who attempt to do so themselves almost invariably over estimate expected returns (based on a few bumper years out of the last ten, much fuelled by the falling £ and US tech stocks driving world index funds for £ investors) and under estimate inflation. They don’t really consider the likely permanent erosion of their pots from the recent very high levels of inflation or taxation.
The same will likely apply to many who transferred out of DB schemes based on some rather over optimistic assumptions.
@Whatsthepoint – I hope you will have a long and financially secure retirement. The smart Alecs probably won’t.Re: “…almost invariably over estimate expected returns”
And yet you don’t have to look hard to find numerous studies reporting that most retirees die with their wealth intact.
Almost never. You can just take a couple of Valiums and spend the £1k you saved on something actually worthwhile during your trip.
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