retiring at 50 years old, taking lump sum of £100,000, have mortage of £156,000 against a property valued at £250,000,
monthly pension will currently pay all financial commitments including mortgage although it will go up significantly in Dec 2009,
dont want to put lump sum into mortgage ,want to invest it , have say 6 months wages put aside until i decide on a new job , also want monthly income from a substantial part of the lump sum yet easy access to some of it for a rainy day , have
no other savings or outstanding debt , any advice welcome, cheers