SilentRunning
New Member
- Messages
- 5
Age:
49
Spouse’s/Partner's age:
N/A
Annual gross income from employment or profession:
€100,000
Annual gross income spouse:
N/A
Type of employment:
IT Analyst
Expenditure pattern:
Saver
Rough estimate of value of home
N/A
Mortgage on home
N/A
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
Investments - €300,000
Cash - €500,000
Do you have a pension scheme?
Retirement Bond - €300,000
Personal Pension 1 - €100,000
Personal Pension 2 (Current) - €18,000 (€2,100 in each month)
Do you own any investment or other property?
No.
Ages of children:
None.
Life insurance:
No
What specific question do you have or what issues are of concern to you?
My goal is to retire (or at least semi-retire) next year when I hit 50. As indicated above, I am single with no kids and I plan to retire abroad in a lower cost of living country.
I am hoping to leave the Pension invested until I reach 60 so live off Investments plus Cash between age 50 and 60. I know the percentage in cash is too high but with the markets at all-time highs it makes me a little nervous to invest more at this time.
Question 1: Can I retire next year given the numbers above? For context I know I could manage comfortably on €30k p.a. so based on my own rough calculations and assuming there is not a massive crash in the markets I think the numbers stack up.
Question 2: Any thoughts on what to do with the €600k in cash? ETFs, Property, Crypto....
Thanks.
49
Spouse’s/Partner's age:
N/A
Annual gross income from employment or profession:
€100,000
Annual gross income spouse:
N/A
Type of employment:
IT Analyst
Expenditure pattern:
Saver
Rough estimate of value of home
N/A
Mortgage on home
N/A
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
Investments - €300,000
Cash - €500,000
Do you have a pension scheme?
Retirement Bond - €300,000
Personal Pension 1 - €100,000
Personal Pension 2 (Current) - €18,000 (€2,100 in each month)
Do you own any investment or other property?
No.
Ages of children:
None.
Life insurance:
No
What specific question do you have or what issues are of concern to you?
My goal is to retire (or at least semi-retire) next year when I hit 50. As indicated above, I am single with no kids and I plan to retire abroad in a lower cost of living country.
I am hoping to leave the Pension invested until I reach 60 so live off Investments plus Cash between age 50 and 60. I know the percentage in cash is too high but with the markets at all-time highs it makes me a little nervous to invest more at this time.
Question 1: Can I retire next year given the numbers above? For context I know I could manage comfortably on €30k p.a. so based on my own rough calculations and assuming there is not a massive crash in the markets I think the numbers stack up.
Question 2: Any thoughts on what to do with the €600k in cash? ETFs, Property, Crypto....
Thanks.