Personal details
Age:51
Spouse’s/Partner's age:50
Number and age of children:
3 (16, 14 & 9)
Income and expenditure
Annual gross income from employment or profession: €67k
Annual gross income of spouse: €21k (4 day week)
Monthly take-home pay: €4120
Spouse: €700 every 2 weeks
Type of employment: e.g. Civil Servant, self-employed
Private
Spouse - Public sector
In general are you:
Breaking even
Summary of Assets and Liabilities
Family home worth approx €500k
Site Value: €25k (if zoned in the future would be worth signiifcanly more)
Cash from recent sale of property €230k
Family home mortgage information: N/A
Do you pay off your full credit card balance each month? Yes
Other savings and investments:N/A
Do you have a pension scheme?
Pension fund: €325k
Employer Contribution 10%
Plus personal contribution of 8% and matching employer contributions of 8%
Small pension from short time self employed
Zurich Pension (Management Charge 4.4% PA)
SuperCAPP: €450
Dynamic Pension & Invest: €2530
Accrued Charges: €-1001
Spouse only rejoined workforce (Single Public Service Pension)
@End 2022 value: €650
Also has a couple of small pensions from previous employment
AVIVA MAF Strategic Services B (Level 4): €1200
AVIVA MAF Dynamic Series B (Level 5): €300
Zurich PRSA Dynamic Pension & Invest: €8100 (Mgt Charge 1%)
Do you own any investment or other property?
Site mentione above
Life insurance:
Policy which was linked to Mortgage paying €26.72 per month
Current value of €150k reducing until Nov 2034, both lives insured
What specific question do you have or what issues are of concern to you?
Having recently sold a property we are in the fortunate position to be mortgage free with money in the bank and are unsure where to proceed next.
With our current income & expenditure we are not saving anything each month and just about breaking even.
I'm getting to grips with tracking all expenditure monthly but don't have too many areas we can cut back on (Medical, Dental, Shopping, running 2 cars, Extra curricular activites etc.)
We want to ringfence €50k for each of the children to help them, whether that's with Education, Property, other so leaves ourselves with approx €80k left to invest.
Both jobs are pretty secure and while I would love to retire earlier than 65 it's not too likely!
Age:51
Spouse’s/Partner's age:50
Number and age of children:
3 (16, 14 & 9)
Income and expenditure
Annual gross income from employment or profession: €67k
Annual gross income of spouse: €21k (4 day week)
Monthly take-home pay: €4120
Spouse: €700 every 2 weeks
Type of employment: e.g. Civil Servant, self-employed
Private
Spouse - Public sector
In general are you:
Breaking even
Summary of Assets and Liabilities
Family home worth approx €500k
Site Value: €25k (if zoned in the future would be worth signiifcanly more)
Cash from recent sale of property €230k
Family home mortgage information: N/A
Do you pay off your full credit card balance each month? Yes
Other savings and investments:N/A
Do you have a pension scheme?
Pension fund: €325k
Employer Contribution 10%
Plus personal contribution of 8% and matching employer contributions of 8%
Small pension from short time self employed
Zurich Pension (Management Charge 4.4% PA)
SuperCAPP: €450
Dynamic Pension & Invest: €2530
Accrued Charges: €-1001
Spouse only rejoined workforce (Single Public Service Pension)
@End 2022 value: €650
Also has a couple of small pensions from previous employment
AVIVA MAF Strategic Services B (Level 4): €1200
AVIVA MAF Dynamic Series B (Level 5): €300
Zurich PRSA Dynamic Pension & Invest: €8100 (Mgt Charge 1%)
Do you own any investment or other property?
Site mentione above
Life insurance:
Policy which was linked to Mortgage paying €26.72 per month
Current value of €150k reducing until Nov 2034, both lives insured
What specific question do you have or what issues are of concern to you?
Having recently sold a property we are in the fortunate position to be mortgage free with money in the bank and are unsure where to proceed next.
With our current income & expenditure we are not saving anything each month and just about breaking even.
I'm getting to grips with tracking all expenditure monthly but don't have too many areas we can cut back on (Medical, Dental, Shopping, running 2 cars, Extra curricular activites etc.)
We want to ringfence €50k for each of the children to help them, whether that's with Education, Property, other so leaves ourselves with approx €80k left to invest.
Both jobs are pretty secure and while I would love to retire earlier than 65 it's not too likely!