I am looking for suggestions on how to make best use of a lump sum. I am due to retire later this year. I will receive a tax free lump sum of c.€130k. I have no mortgage or other debts. I don't plan to buy a new car. I have a reasonable amount in savings.
On retirement I will have a decent income from both a pension and some rental income. However, I want to use this lump sum to boost my income. An extra €5k or €6k a year would be very welcome. Any suggestions please, but more about the strategy of what types of areas to invest in rather than recommendations for individual funds etc.
On retirement I will have a decent income from both a pension and some rental income. However, I want to use this lump sum to boost my income. An extra €5k or €6k a year would be very welcome. Any suggestions please, but more about the strategy of what types of areas to invest in rather than recommendations for individual funds etc.