H
hardhat
Guest
Age: 40
Spouse’s/Partner's age: 36
Annual gross income from employment or profession: was €60,000
Annual gross income of spouse:40,000
Type of employment: e.g. unemployed construction worker
In general are you spending more than you earn or are you saving? break even
Rough estimate of value of home €325
Amount outstanding on your mortgage: €60
What interest rate are you paying? 5%
Other borrowings – car loans/personal loans etc NO
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: €95 in different accounts all instant access
Do you have a pension scheme? had frozen, wife small pension
Do you own any investment or other property? No
Ages of children: 1 - 1yr
Life insurance: yes tied to morguage
What specific question do you have or what issues are of concern to you? Earned well with construction, bonus etc, but stopped altogether now. Should I pay off mortgage? Invest rest of savings or top up pension. Hope to go back to work but retire at 50, wife wants to go part time. Is this possible?
Spouse’s/Partner's age: 36
Annual gross income from employment or profession: was €60,000
Annual gross income of spouse:40,000
Type of employment: e.g. unemployed construction worker
In general are you spending more than you earn or are you saving? break even
Rough estimate of value of home €325
Amount outstanding on your mortgage: €60
What interest rate are you paying? 5%
Other borrowings – car loans/personal loans etc NO
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: €95 in different accounts all instant access
Do you have a pension scheme? had frozen, wife small pension
Do you own any investment or other property? No
Ages of children: 1 - 1yr
Life insurance: yes tied to morguage
What specific question do you have or what issues are of concern to you? Earned well with construction, bonus etc, but stopped altogether now. Should I pay off mortgage? Invest rest of savings or top up pension. Hope to go back to work but retire at 50, wife wants to go part time. Is this possible?