zapbrannigan
New Member
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- 5
Hi,
I'm age 43 and have €200k pension all currently invested in the S&P 500 as my retirement is 17 years away (looking to retire at age 60). My pension is with Standard Life(SL) (100% allocation, 0.90% AMC fee).
Not from a finance background and started only real paying for pension last few years as had lot other expenses with young kids (x2) and mortgage in my 30s.
Currently managing to contribute €4000 a month into the SL pension as I'm self employed and earning €150k last few years - I'm a higher earner and I expect this to continue for next 10+ years minimum bar some black swan event or ill health (have income protection in this event).
At the moment have everything invested in the "Vanguard US 500 Stock Index Fund" - my aim is reasonably high growth in pension pot for next 10 years and then to slowly diversify.
For retirement think I'll need €1m to €1.5M so as to have ideally €30-40k each year in retirement. I have two kids who will be through college by then. I will be mortgage free in 7 years (remaining mortgage is 70k), mortgage quite low after overpaying for a good few years to bring it down.
Currently I'm very conscious of the fact my pension is very exposed in (a) equities and (b) extremely exposed in U.S equities.
In terms of re-balancing my pension portfolio would moving some percentage of my funds to some World Equities be sensible short term?
Thinking of moving 20-30% to some World Equities index fund. As for bonds I'm thinking in time I'll move some small percentage such as 1-2% each year after age 50 to bonds. So at retirement I'd have 80-90% in equities and 10-20% in bonds.
Like to get some feedback as I'm very much a novice.
I'm age 43 and have €200k pension all currently invested in the S&P 500 as my retirement is 17 years away (looking to retire at age 60). My pension is with Standard Life(SL) (100% allocation, 0.90% AMC fee).
Not from a finance background and started only real paying for pension last few years as had lot other expenses with young kids (x2) and mortgage in my 30s.
Currently managing to contribute €4000 a month into the SL pension as I'm self employed and earning €150k last few years - I'm a higher earner and I expect this to continue for next 10+ years minimum bar some black swan event or ill health (have income protection in this event).
At the moment have everything invested in the "Vanguard US 500 Stock Index Fund" - my aim is reasonably high growth in pension pot for next 10 years and then to slowly diversify.
For retirement think I'll need €1m to €1.5M so as to have ideally €30-40k each year in retirement. I have two kids who will be through college by then. I will be mortgage free in 7 years (remaining mortgage is 70k), mortgage quite low after overpaying for a good few years to bring it down.
Currently I'm very conscious of the fact my pension is very exposed in (a) equities and (b) extremely exposed in U.S equities.
In terms of re-balancing my pension portfolio would moving some percentage of my funds to some World Equities be sensible short term?
Thinking of moving 20-30% to some World Equities index fund. As for bonds I'm thinking in time I'll move some small percentage such as 1-2% each year after age 50 to bonds. So at retirement I'd have 80-90% in equities and 10-20% in bonds.
Like to get some feedback as I'm very much a novice.
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