JustEnough
New Member
- Messages
- 7
Personal Details
Age : 66
Income and expenditure
Annual income; €27,780 max (14k rent room, 13,780 state pension)
Monthly take home pay: €2,315
I am retired
In general, I spend what I earn.
Summary of Assets and Liabilities
Home value of €750,000, mortgage paid off last year
Prize Bonds: €47,000
Credit Union: €30,000
Defined contribution pension: €410,000 through one employer with 4 providers (3 insurance companies and €100,000 self-administered)
No borrowings. No other policies
What specific question do you have or what issues are of concern to you?
My pension and savings are not performing. My pension fund matured some time ago and the self-administered fund is in cash. I took redundancy in 2009 and waivered my rights to lump sum. Met an advisor about my pension some years ago and he suggested an annuity of ARF. I was hoping for more.
No urgent requirements for cash at the moment but I would like to get some home improvements done (bathroom).
What are my options? Benefit v risk? Could I transfer to a PRSA?
Regarding my savings, would appreciate some suggestions for a better return?
Thank you for taking the time to read this.
Age : 66
Income and expenditure
Annual income; €27,780 max (14k rent room, 13,780 state pension)
Monthly take home pay: €2,315
I am retired
In general, I spend what I earn.
Summary of Assets and Liabilities
Home value of €750,000, mortgage paid off last year
Prize Bonds: €47,000
Credit Union: €30,000
Defined contribution pension: €410,000 through one employer with 4 providers (3 insurance companies and €100,000 self-administered)
No borrowings. No other policies
What specific question do you have or what issues are of concern to you?
My pension and savings are not performing. My pension fund matured some time ago and the self-administered fund is in cash. I took redundancy in 2009 and waivered my rights to lump sum. Met an advisor about my pension some years ago and he suggested an annuity of ARF. I was hoping for more.
No urgent requirements for cash at the moment but I would like to get some home improvements done (bathroom).
What are my options? Benefit v risk? Could I transfer to a PRSA?
Regarding my savings, would appreciate some suggestions for a better return?
Thank you for taking the time to read this.