Me. 57
Spouse. 58
Income. 1. Invalidity pension+income continuance 25k per year net. Income continuance policy ends at 60. Then invalidity 11kp.a
My pension DC. 270k currently and 4k p.a added until 60.
Income 2. Current salary 38k. Civil service pension afyer 40yrs service 19k pa. in 2yrs age 60.
Home payed for 500k value
Site payed for dont want to sell worth 80k.
RIP worth 240k tracker .75. 100k owed rented on long term lease to CC for another 6yrs. After that will only owe 20k approx. Costs us about 5k a year but 12k coming off loan each year.
25k in domestic shares Ryanair. Smurfit. CRH
600k. Cash. State savings and banks.
Rationale or current thinking. Living fine on current income not interested in saving any more. Reluctant to contribute more to my DC pension because relief would be at lower rate and would only be hit when taking it back out of pension in the future. Plus within the pension wrapper I am somewhat tied. Worried about inflation going forward.
I appreciate all that is said about timing the market etc but currently my line of thought is to hold off on on investing in the market until the next substantial fall say 15% and then put in a large amount of cash.
Would appreciate comment from the community.
Spouse. 58
Income. 1. Invalidity pension+income continuance 25k per year net. Income continuance policy ends at 60. Then invalidity 11kp.a
My pension DC. 270k currently and 4k p.a added until 60.
Income 2. Current salary 38k. Civil service pension afyer 40yrs service 19k pa. in 2yrs age 60.
Home payed for 500k value
Site payed for dont want to sell worth 80k.
RIP worth 240k tracker .75. 100k owed rented on long term lease to CC for another 6yrs. After that will only owe 20k approx. Costs us about 5k a year but 12k coming off loan each year.
25k in domestic shares Ryanair. Smurfit. CRH
600k. Cash. State savings and banks.
Rationale or current thinking. Living fine on current income not interested in saving any more. Reluctant to contribute more to my DC pension because relief would be at lower rate and would only be hit when taking it back out of pension in the future. Plus within the pension wrapper I am somewhat tied. Worried about inflation going forward.
I appreciate all that is said about timing the market etc but currently my line of thought is to hold off on on investing in the market until the next substantial fall say 15% and then put in a large amount of cash.
Would appreciate comment from the community.