Part 8/10:
I aim to simplify this with projections based on my investments. Assuming I have £120,000 in a drawdown account with a conservative 10% growth, I can sustainably withdraw a portion without depleting my funds. Historically, my investments yielded around 20% annually over the last eight years, but planning conservatively with 10% allows me to navigate expectations realistically.
By taking out 4% annually from investments—an amount deemed sustainable—it should cover part of the necessary income, combining it with my wife's pension would help mitigate financial strain.