citizenmick
New Member
- Messages
- 1
Age:
54
Spouse’s/Partner's age:
53
Annual gross income from employment or profession:
E50k
Annual gross income spouse:
E25k
Type of employment:
I'm private sector, spouse is part-time school assistant/freelance design
Expenditure pattern:
No major expenditure bar the normal.
We feel we are pretty good as regards saving, and are relatively sensible with spending.
Currently save €600 a month.
Rough estimate of value of home
E350k No mortgage
Other borrowings – car loans/personal loans etc
No borrowings or loans
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
Savings €62,300
Pensions €78,619
Do you have a pension scheme?
Current Pension (new). Irish lIfe.
Value: €3,000.
Employer contribution €375 @ month.
My contribution: €485 @ month.
Other Pensions;
ARF from previous employment €35,331
Private Pension – (stopped) €43,279
Spouse has no pension.
Do you own any investment or other property?
no
Ages of children:
20 yr old. (our son is in university, but we saved for a college fund, and it is in separate account for him, which will last until he qualifies).
Life insurance:
no
Summary of Assets and Liabilities
Family home worth €350,000 with no Mortgage
Savings €62,300
Pensions €78,619
Other borrowings – car loans/personal loans etc
No loans or borrowings
Other savings and investments:
Bank of Ireland deposit: €9,700 – no interest
Banco de Portugual (Raisin) €20,000 (3,5% interest)
BCC (Raisin Bank) €10,000 (3,4% interstest)
Prize Bonds €1,600
N26 Account €12,000 No interest
State savings €9,000 (€4,000 matures next year on one scheme)
Rent a room income (tax free): €8,500 per annum
Do you own any investment or other property?
NO
What specific question do you have or what issues are of concern to you?
We are now thankdfully in a position where we can save or invest more. We estimate we have circa €600 extra a month we can save. We realise we must save and plan a lot more towards retirement.
We are not particularly knowledgeable about pensions, savings, investments and so forth. We’d appreciate any advice as regards saving & investing the extra money, and as regards our current savings & pensions.
Thank you.
Deireadh gach soiscéal an t-airgead.
54
Spouse’s/Partner's age:
53
Annual gross income from employment or profession:
E50k
Annual gross income spouse:
E25k
Type of employment:
I'm private sector, spouse is part-time school assistant/freelance design
Expenditure pattern:
No major expenditure bar the normal.
We feel we are pretty good as regards saving, and are relatively sensible with spending.
Currently save €600 a month.
Rough estimate of value of home
E350k No mortgage
Other borrowings – car loans/personal loans etc
No borrowings or loans
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
Savings €62,300
Pensions €78,619
Do you have a pension scheme?
Current Pension (new). Irish lIfe.
Value: €3,000.
Employer contribution €375 @ month.
My contribution: €485 @ month.
Other Pensions;
ARF from previous employment €35,331
Private Pension – (stopped) €43,279
Spouse has no pension.
Do you own any investment or other property?
no
Ages of children:
20 yr old. (our son is in university, but we saved for a college fund, and it is in separate account for him, which will last until he qualifies).
Life insurance:
no
Summary of Assets and Liabilities
Family home worth €350,000 with no Mortgage
Savings €62,300
Pensions €78,619
Other borrowings – car loans/personal loans etc
No loans or borrowings
Other savings and investments:
Bank of Ireland deposit: €9,700 – no interest
Banco de Portugual (Raisin) €20,000 (3,5% interest)
BCC (Raisin Bank) €10,000 (3,4% interstest)
Prize Bonds €1,600
N26 Account €12,000 No interest
State savings €9,000 (€4,000 matures next year on one scheme)
Rent a room income (tax free): €8,500 per annum
Do you own any investment or other property?
NO
What specific question do you have or what issues are of concern to you?
We are now thankdfully in a position where we can save or invest more. We estimate we have circa €600 extra a month we can save. We realise we must save and plan a lot more towards retirement.
We are not particularly knowledgeable about pensions, savings, investments and so forth. We’d appreciate any advice as regards saving & investing the extra money, and as regards our current savings & pensions.
Thank you.
Deireadh gach soiscéal an t-airgead.
