There's been a bit of choppy water this month with a small lurch downwards in the last few days. The outcome is that my portfolio has dropped around 1.5% from where it was in the middle of April. However performance is currently looking like this - which I'm more than happy with.
You may have noticed that I have moved the target on my Sipp tracker on the right down from £50,000 to £35,000. This is because I have decided to take my LGPS defined benefit pension at 60/61 rather than hang on till 65. So, I am virtually at target with both ISA's and SIPP. From that point of view the job is done. The only piece of the picture that is missing is the increase in my pension I gain by going to work every day. I need to work for two more years in order to add another £1,000 onto my annual pension. Because the LGPS is now a "career average" pension we earn 1/49th of our salary in pension each year so I am adding around £530 for every extra year that I work. It feels very generous (and I'm sure it is compared to how much someone would have to put into a DC pension in order to generate this amount especially as it is index linked).
I have been thinking about all this in relation to a comment ermine made on my last post about time having a "different sort of cost" and how it's a struggle to balance things up. Breaking the calculation down shows me that for every month I continue to work I am being paid, not just my salary, but £45 extra per year for every year I live after retirement. It doesn't sound a lot, and maybe it isn't. Some days it doesn't feel like it is worth it and I start to think about rerunning the figures and going earlier, especially as I am currently suffering quite badly with a trapped nerve in my neck which (according to my physio) is due to sitting at a desk using a PC for far too many years. The physical pain of sitting at my desk is wearing me down at the moment, and that is even before I have to sit and see first hand what the next round of spending cuts will do to the service I help to provide. A prospect which wasn't made any easier by reading Paul Krugman on The Austerity Delusion.
But for the moment it's business as usual and the end of March 2017 remains the date I am heading for, I can't deny that the temptation to cut and run sooner is definitely there though :-)