getoutearly
Registered User
- Messages
- 13
Personal details
Age: 45
Spouse’s/Partner's age: 46
Number and age of children: 2 children (7 and 9)
Income and expenditure
Annual gross income from employment or profession: 145k (including bonus) - private sector
Annual gross income of spouse: 40k - public sector (part time - will return to full time in a couple of years and return to 60ish k
In general are you: Saving
Summary of Assets and Liabilities
Family home worth: €700k with a €130k mortgage
Cash of €180k
Defined Contribution pension fund: €600k - spouse has AVC's - current value 50k
Company shares and ETF's: €70k
Buy to Let Property worth €310k with mortgage of €180k - being sold currently which will produce cash of around 140K
Family home mortgage information
Lender: BOI
Interest rate: 3% variable
Other borrowings – car loans/personal loans etc
No other borrowings
Other savings and investments:
Do you have a pension scheme?
Me: 600K in pension fund - employer contributing 8%, I'm contributing 20%
Spouse: 50k in AVC's
70k in individual shares and ETF's
What specific question do you have or what issues are of concern to you?
In the short term I'd like to make the best decision around available cash currently held and coming due to the sale the BTL property. I'm concerned inflation will erode the spending power.
Should I pay my PPR mortgage? Conscious there are available deposit rates with higher interest than my mortgage
What is the best home for excess cash generated?
In the medium to long I'd like to retire early (early 50's if possible) and perhaps change to a different role which maybe lower paid but offer a better work/life balance. Should get a professional wealth manager to manage excess cash (e.g Fisher) or buy funds/shares directly to save on fees.
Age: 45
Spouse’s/Partner's age: 46
Number and age of children: 2 children (7 and 9)
Income and expenditure
Annual gross income from employment or profession: 145k (including bonus) - private sector
Annual gross income of spouse: 40k - public sector (part time - will return to full time in a couple of years and return to 60ish k
In general are you: Saving
Summary of Assets and Liabilities
Family home worth: €700k with a €130k mortgage
Cash of €180k
Defined Contribution pension fund: €600k - spouse has AVC's - current value 50k
Company shares and ETF's: €70k
Buy to Let Property worth €310k with mortgage of €180k - being sold currently which will produce cash of around 140K
Family home mortgage information
Lender: BOI
Interest rate: 3% variable
Other borrowings – car loans/personal loans etc
No other borrowings
Other savings and investments:
Do you have a pension scheme?
Me: 600K in pension fund - employer contributing 8%, I'm contributing 20%
Spouse: 50k in AVC's
70k in individual shares and ETF's
What specific question do you have or what issues are of concern to you?
In the short term I'd like to make the best decision around available cash currently held and coming due to the sale the BTL property. I'm concerned inflation will erode the spending power.
Should I pay my PPR mortgage? Conscious there are available deposit rates with higher interest than my mortgage
What is the best home for excess cash generated?
In the medium to long I'd like to retire early (early 50's if possible) and perhaps change to a different role which maybe lower paid but offer a better work/life balance. Should get a professional wealth manager to manage excess cash (e.g Fisher) or buy funds/shares directly to save on fees.