Age: 44
Spouse’s/Partner's age: 43
Annual gross income from employment or profession: 85k
Annual gross income of spouse: 70k
Monthly take-home pay : 6000
Type of employment: e.g. Civil Servant, self-employed :
Private industry and Civil Servant
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving
Rough estimate of value of home: 850k
Amount outstanding on your mortgage: 0
What interest rate are you paying? NA
Other borrowings – car loans/personal loans etc 0
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?
Savings and investments:
Mortgage property 1:value 390k, mortgage 45k @ 1% interest
Mortgage property 2: value 350k, mortgage 145k @ 3.2% interest
Net rental income for both after mortgage payments: 1
Savings:
State 150k
CU 20k
Shares 50k
Do you have a pension scheme?
yes..unsure of private company details.
Other civil service 50% with Irish Life AVC of unknown value.
Do you own any investment or other property? Above
Ages of children: 3 year old
Life insurance: none
What specific question do you have or what issues are of concern to you?
1. Where to get good pension and life insurance advice? Need to get a handle on both.
2. Considering paying off higher of investment mortgages with 70k savings and then overpayments for 3 years. Right or wrong?
3. any other general advice? Both work hard but feeling goalless with savings/investments etc
Thank you!
Spouse’s/Partner's age: 43
Annual gross income from employment or profession: 85k
Annual gross income of spouse: 70k
Monthly take-home pay : 6000
Type of employment: e.g. Civil Servant, self-employed :
Private industry and Civil Servant
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving
Rough estimate of value of home: 850k
Amount outstanding on your mortgage: 0
What interest rate are you paying? NA
Other borrowings – car loans/personal loans etc 0
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?
Savings and investments:
Mortgage property 1:value 390k, mortgage 45k @ 1% interest
Mortgage property 2: value 350k, mortgage 145k @ 3.2% interest
Net rental income for both after mortgage payments: 1
Savings:
State 150k
CU 20k
Shares 50k
Do you have a pension scheme?
yes..unsure of private company details.
Other civil service 50% with Irish Life AVC of unknown value.
Do you own any investment or other property? Above
Ages of children: 3 year old
Life insurance: none
What specific question do you have or what issues are of concern to you?
1. Where to get good pension and life insurance advice? Need to get a handle on both.
2. Considering paying off higher of investment mortgages with 70k savings and then overpayments for 3 years. Right or wrong?
3. any other general advice? Both work hard but feeling goalless with savings/investments etc
Thank you!