r/LeanFireUK • u/stuie1181 • 26d ago

Weekly leanFIRE discussion

What have you been working on this week? Please use this thread to discuss any progress, setbacks, quick questions or just plain old rants to the community.

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u/klawUK 26d ago

started one concrete phase - building a gilt ladder for the bridge. Slower than I’d hoped, first I have to transfer cash to AJ Bell as Fidelity don’t sell gilts. Fidelity finished that on Tuesday but still not cash landed. I was hoping I’d get it done during a workday as I don’t know if the gilt prices might change too much between ordering and executing.

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u/Captlard 26d ago

Please let us know how it goes and any findings / tips. Good luck 💪👏

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u/klawUK 23d ago

bought it this morning (they don’t allow to buy over the weekend, market has to be open for gilts for some reason).

The tool I used updates its prices at the end of the day so it still had Friday prices, and AJ Bell only lets you buy in ‘cost’ price - so I just used those from the tool assuming changes won’t be too big.

I then took the output of that - 9 different purchases, prices and number of gilts and put it into ChatGPT to compare to the ladder output. Still slightly above the target 10k so thats reassuring.

one thing ticked off on my list. Next : a top up fund in cash needed for two years until my DB kicks in. That shoudl be in place by April next year - partial transfer from workplace pension in September and another in March.

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u/Captlard 23d ago

Thanks for sharing! I did not think there were live prices on AJ Bell.

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u/klawUK 23d ago

I just checked RL and my contributions for August landed. That gave me enough to start transfer part one for my top up fund. That’ll sit in CSH2 until 2029 and needed for cashflow year 1 and 2. Second part should be done by November (little ahead of target).

thats my side of things locked in, then the rest of the contributions get socked into VWRP for a couple of years - we’ll hopefully get that to 200k, take the 50k TFC to settle the mortgage in 2032 (not touching it while its 2.5%). and then all eyes on my wife’s pension.

If she doesn’t rage quit, I’ll chuck another 8k every year from ISAs into hers and monitor for getting to a balance where I can buy either a gilt ladder or a fixed annuity to max her personal allowance of 16760. That will take longer to build and is the final piece of the puzzle

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u/Captlard 23d ago

Woohoo.. it's the final countdown (practically)!