Hi All,
I'm looking for direction - I would like to take my pension & investments more seriously now as my life circumstances have changed a lot in the last year. I don't want cash in my bank account being eaten away by inflation, and I also want to fund my pension and my love for travel. I see the 'usual' flowcharts are like the one on Reddit's r/IrishPersonalFinance, but between what I've done, and my new life circumstances, I have many boxes ticked out of sequence.
I would like to begin my financial planning journey, I’m in an unusual situation for a person my age (31):
Edited to improve clarity of my post
I'm looking for direction - I would like to take my pension & investments more seriously now as my life circumstances have changed a lot in the last year. I don't want cash in my bank account being eaten away by inflation, and I also want to fund my pension and my love for travel. I see the 'usual' flowcharts are like the one on Reddit's r/IrishPersonalFinance, but between what I've done, and my new life circumstances, I have many boxes ticked out of sequence.
I would like to begin my financial planning journey, I’m in an unusual situation for a person my age (31):
- Civil Servant €49,000/yr
- Pension pot's total sum is €1,200
- I Inherited many assets from a late relative:
- a house with no mortgage, which I now live in
- a commercial unit, which is rented at €2,500/month
- €42,500 after tax now in my bank account from sale of an asset
- From a previous life working for a US MNC:
- I have a Zurich pension from a previous employer (can no longer put money in to it) - high growth aspire D, currently worth €32,000
- Shares in the MNC worth €15,000
- I have invested €55,000 in the stock market via DeGiro (5 years ago, now worth €69,000). At the time I knew nothing about deemed disposal, I was naively 'following the crowd' in the US MNC.
- I have no intention of having children
- I have no debt / loans.
Edited to improve clarity of my post
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