Hello, my partner and I are in position where we might be able to open and max out our S&S ISA allowances. We’re late 30s and mid 30s, with good DB pension schemes. We’d like to FIRE at 55-60 if possible, with a target of approx £400k if I factor in a £40k P/A joint retirement income to bridge until state pension. Expected DB income at retirement approx £25k joint if taken at age 55.
We’re able to put away a minimum of £500 per month toward the next year’s allowance. We have no other investments.
We have emergency fund and intend on overpaying monthly on mortgage with view of clearing in approx 20 years.
I’d like to understand what’s a sensible strategy for buying into ETFs and any reading I could do on an approach to cost averaging instead of lumping £40k in one go. Interested in any fee implications.
Thank you