Stephen is 65, and receives £41,000 pension income, £11,755 rent from a buy-to-let property and dividends of about £27,000 a year. His home is worth £350,000 and mortgage-free.
Isa and general investment account invested in shares and funds, residential property, cash
Buy a home worth £2m, set aside £100,000 for travel, income of £30,000 a year from investments, reduce risk and volatility, diversify investments
“My income more than covers my current annual outgoings,” says Stephen. “But I would like to buy a home worth at least £1.5m, and ideally £2m, and set aside £100,000 for travel.