Being able to choose when to work and what to do is a life goal for many, and for one reader, smart business success has meant he’s reached that target long before what most would consider a normal retirement age. However, now it’s time to get the investments right.
Will is 41 and in an excellent financial position. He earns £138,000 a year, but expects to stop working soon. He sold his business at the end of 2023, and agreed to remain in post until the end of this year, at which point he will receive about £1.8mn after tax.
When that happens, he and his wife, Beth, who is 40, want to have the freedom to choose what work to pick up. “We want to be financially independent and able to live off the portfolio, while doing work we enjoy, part-time and without the necessity to do so,” he says. “We have worked extraordinarily hard and taken many entrepreneurial chances. These have paid off, but have taken their toll on us, which cannot continue.”