Current Plan
Last reviewed: May 2026
This is our canonical, living strategy document. It summarises what we're doing right now — not what was discussed in any particular session.
FIRE Status
- Liquid net worth: 5.5M NZD (excludes unvested RSUs)
- Annual spend target: 200K NZD
- Safe withdrawal rate: 4% → supports 220K/yr
- Status:
Financially independent today
Targets
| Goal | Amount | Timeline | Status |
|---|---|---|---|
| Retirement corpus | 5M (supports 200K/yr at 4%) | — | Met |
| University (2 children) | 200K | 2032–2038 |  On track |
| First homes (2 children) | 2M | 2041–2045 | On track |
| Legacy (2 children) | 8M | 2050–2053 |  Conditional |
| Grand total | 15.2M |
Drawdown Timeline (no further work, 9% growth, 200K/yr spend)
| Year | Projected NW | Event | Drawdown |
|---|---|---|---|
| 2026 | 5.5M | Stop working | — |
| 2032 | 7.6M | Henry uni starts | -100K |
| 2035 | 9.1M | Pippa uni starts | -100K |
| 2041 | 12.8M | Henry first home | -1M |
| 2045 | 16.2M | Pippa first home | -1M |
| 2050 | 19.7M | Henry legacy | -4M (if >15M) |
| 2053 | 20.8M | Pippa legacy | -4M (if >15M) |
See Monte Carlo for stress-tested scenarios.
Current Allocation Strategy (Kernel)
| Fund | Target % | Purpose | Status |
|---|---|---|---|
| S&P 500 (Unhedged) | 28% | US large-cap growth |  Under (5%) |
| World ex-US | 33% | Global diversification | Under (20%) |
| Global 100 | 13% | Mega-cap quality | Under (7%) |
| Emerging Markets | 15% | Growth upside | Over (21%) |
| Global Infrastructure | 8% | Defensive/income | Over (24%) |
| S&P Dividend Aristocrats | 3% | Income tilt | Over (18%) |
Rebalance pending — see Action Items. Cash Plus eliminated — sell from most-overweight fund when tax payments due.
Key Policies
- Tax structure: 100% PIE (28% tax rate, no provisional tax)
- MSFT shares: Sell all vested, resume sell-on-vest, sell ESPP on purchase
- Legacy gifts: Conditional on portfolio > 15M at time of gift
- Rebalance cadence: Reviewed monthly, executed when drift > 5%
- Unvested RSUs: Not counted as net worth (contingent on employment)
Pending Actions
See Action Items for the full list.
Decision History
| Date | Decision | Rationale | Source |
|---|---|---|---|
| May 2026 | Stay 100% PIE | 1.4% vs 1.95% tax; eliminates provisional tax | Analysis |
| May 2026 | Sell all MSFT | Reduce single-stock concentration | Analysis |
| May 2026 | Rebalance Kernel | Over-allocated to Infrastructure/EM | Proposal |
| May 2026 | Eliminate Cash Plus | Sell from overweight fund when tax due; no drag | — |
| May 2026 | Legacy gifts conditional | Monte Carlo shows 22% ruin if unconditional | Monte Carlo |
| May 2026 | 200K/yr retirement spend | Julia's preference for flexibility | — |
This page is updated each session. For the full rationale behind any decision, see the relevant session's Plans & Proposals.