Retirement...when, how old and how much??

[PPT]

My thoughts on this were if you pay the mortgage off your lump sum is gone forever,l got a break down month by month from the building society and saw as the mortgage was decreasing something like 7byears to go the actual interest part was actually very little something like £20 a month
My thinking was keep my lump sum that I could pay the mortgage off with in an account to attract interest and set a direct debit against this earn more interest than I'm paying on the mortgage and keep my lump sum if I fancied a holiday or new car .etc

I would also guess you have life assurance with your mortgage? That will go if you pay the mortgage off. So you would need to take your own life insurance or give it a miss.

 

[denislawsbackheel]

Nah, there was no canal underneath.