Stacking for Full Retirement Plans...

I haven't given too much thought to full retirement since I've been back in the UK.

This is mainly because I'm quite happily semi-retired and don't need to work full-time, and am very happy working part-time.

In fact I'm so OK with the idea of working that I've even started doing voluntary work.... two to three days a week, mainly because I actually just like working with people and the feeling of being useful.

This is something I'll happily carry on doing for many, many years to come I think, and I'm confident some of that voluntary work will translate into paid works within a year.

Of course that'll be a bit more intensive than volunteering, but you know what: I've been observing the people I work alongside who get paid, and the kind of work I'm looking to do is easy enough - turn up, work, then you can forget about it during the evenings and weekends - not at all like teaching where it just plays on your mind all the time!

And combined with the main blog and some investment income I'm OK to work just two to three days a week for the foreseeable future.

But carrying on like I am I am not really stacking any wealth, I am kind of treading water, which is fine, but I got to thinking: what if I get sick of this and just want to cut loose in a few years, and sack off work altogether before I hit 60, when my Teacher's Pension kicks in.

So I'm now considering the possibility of upping my work/ Vest game and stacking a little more, while I'm young enough and have the energy and the will, so I got to thinking through my longer term until 60 years of age stacking targets, and here you go:

Stacking targets...

I'm working on wanting £30K wealth by the time I'm 60. While that doesn't sound like a lot, I've got a decent Teacher's Pension, a state pension 8 years after that, probably a second house to rent out by that point, and crypto. So £30K stacked in non-crypto by 60 I think is a reasonable addition, just to skim off and have as an emergency fund. Also I'll have no mortgage by that point. I should kill that by 2028.

To reach full retirement I'd want £10K a year to last me through to age 60 be able to quit any work responsibilities I may pick up in the next year or so.

£10K a year isn't enough to live off in the UK, but I'm working on the principle that the blog income will continue to bring me in something, I don't really regard that as work, and crypto yields, and having no mortgage. And if I want to go abroad, which is the main thing I'm likely to do in full retirement, I'd be able to rent house 1 out too.

£10K per year is a minimum, base target.

So my stacking targets for full retirement are as follows:

This includes the £30K slush fund...

• To fully retire by 2025 I'd need £110K
• To fully retire by 2028 I'd need £80K
• To fully retire by 2030: I'd need £60K

These figures don't include house 1 as capital. That's to live in!

Should I include crypto holdings...?

If I include my crypto holdings I'm already there, but having seen my Splinterlands Assets go down and down and down in value I'm wary of including these.

My brain thing is currently telling me that I want the above sums in a diversified portfolio of non-crypto assets: cash, shares and precious metals, a classic investment portfolio you might say.

However I'm going to make one exception: HBDs. I will include HBDs in my stacking targets, I think that's reasonable!

Long way to go!

I'm not going to divulge how much wealth I've got but let's just say I've a long way to go, I'll be amazed if I hit these goals by 2028!

I just don't like the idea of working that much!

But we'll see.. possibly chasing out some crypto along the way will help, but I'm reluctant to cash out more than the capital gains allowance which is dropping to £3K next tax year. But over 5 years, that's still £15K tax free, which ain't too bad.

We'll see how it goes. As I said ATM I'm happy with my ordinary part-time working life, but I would like to start stacking some non-crypto wealth again.

Wish me luck!

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