financially
Registered User
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- 33
Hi,
I have a good defined benefit pension plus avcs from a previous job. Now I am contracting and paying €1000/mth into a prsa. I'd hope to be made permanent within a year in the public sector.
I'm 55 and would like to be a position to retire by 62. Thinking I'd cash in the prsa then to bridge to the big pension at 65/66. I have about 80k now from a redundancy and I had planned on buying an apartment with a view to having it paid off in 6yrs so I could use the rent to live off with the small pension and pay relatively little tax from 62-66. But I think the market is overheated so not a good investment right now.
So what should I do with the 80k to get as much money out of it in 6yrs to retire? I could also prob afford to spare another 1k per month to invest. Thanks!!
I have a good defined benefit pension plus avcs from a previous job. Now I am contracting and paying €1000/mth into a prsa. I'd hope to be made permanent within a year in the public sector.
I'm 55 and would like to be a position to retire by 62. Thinking I'd cash in the prsa then to bridge to the big pension at 65/66. I have about 80k now from a redundancy and I had planned on buying an apartment with a view to having it paid off in 6yrs so I could use the rent to live off with the small pension and pay relatively little tax from 62-66. But I think the market is overheated so not a good investment right now.
So what should I do with the 80k to get as much money out of it in 6yrs to retire? I could also prob afford to spare another 1k per month to invest. Thanks!!