Personal details
Age: 61
Single No children
Income and expenditure
Annual gross income from employment or profession: 14k
Type of employment: Rental Income and ARF which pays roughly 1.5k annually.
Recently made redundant and was on 95k p.a.
Summary of Assets and Liabilities
Home worth €260k no mortgage
Savings of €200k in various banks on deposit of about 2% on average
Pension fund: €280k (ex company)
Company shares: €4k
Buy to Let Property worth €220k no mortgage
Buy to let properties
Rental income per year: 17k
Rough annual expenses: 3-4k
Borrowings
None
Do you pay off your full credit card balance each month? Yes
What specific question do you have or what issues are of concern to you?
Took redundancy last year in the job and currently enjoying retirement. I’m pretty good with money matters and used my spare time to forensically check my general expenditure which comes to 30k per annum. From 66 I will get most of the state pension, rental income and ARF which is about 30k in total presently. Given the depletion of say 100k of savings till then I still feel I can manage easily for 15 years with the intention of dissolving the BTL later and using up the savings to keep me going beyond 80 which is a good check out time right now.
Am I missing something glaringly obvious in my perspective all things being equal?
I’m torn with the idea of maybe working another 3 years either part-time or back to my own hamster wheel job just to be sure to be sure. It would be nice to have a bigger pension, but I don’t have any taxable income to boost it right now. I could earn about 90k pa if I went back for a few years.
Age: 61
Single No children
Income and expenditure
Annual gross income from employment or profession: 14k
Type of employment: Rental Income and ARF which pays roughly 1.5k annually.
Recently made redundant and was on 95k p.a.
Summary of Assets and Liabilities
Home worth €260k no mortgage
Savings of €200k in various banks on deposit of about 2% on average
Pension fund: €280k (ex company)
Company shares: €4k
Buy to Let Property worth €220k no mortgage
Buy to let properties
Rental income per year: 17k
Rough annual expenses: 3-4k
Borrowings
None
Do you pay off your full credit card balance each month? Yes
What specific question do you have or what issues are of concern to you?
Took redundancy last year in the job and currently enjoying retirement. I’m pretty good with money matters and used my spare time to forensically check my general expenditure which comes to 30k per annum. From 66 I will get most of the state pension, rental income and ARF which is about 30k in total presently. Given the depletion of say 100k of savings till then I still feel I can manage easily for 15 years with the intention of dissolving the BTL later and using up the savings to keep me going beyond 80 which is a good check out time right now.
Am I missing something glaringly obvious in my perspective all things being equal?
I’m torn with the idea of maybe working another 3 years either part-time or back to my own hamster wheel job just to be sure to be sure. It would be nice to have a bigger pension, but I don’t have any taxable income to boost it right now. I could earn about 90k pa if I went back for a few years.