We're a newly-retired couple in our late 50s, each of us with good public service pensions, total gross annual income circa €80,000.
We're lucky; health good, all debts paid off, money in the bank and adult children living away from home. No dependents, parents deceased. €440,000 saved as follows:
€160,000 in State Savings (medium - long term various issues)
€80,000 in three Zurich Life (Prisma and equity) funds started in the past last year, put away for the long term. (Today's value €83,000)
€5,000 with LinkedFinance, due to be repaid within next 24 months (I know...)
€195,000 in cash (€30,000 earning 0.9% gross, the rest earning diddly squat)
Our adult children are shelling out circa combined €1,200 per month for rent. Is there any point in considering the purchase of a property with a view to one or other of them renting it? What are the issues that could arise, financial and otherwise? Relationships are very good and would like to keep them that way!
Or should we continue as we are with mix of cash, bonds and investments, increasing some?
Was hoping to spend €20,000 on the garden and some on various travels but that looks to be a bit down the line now! Other than that, we're easy. Opinions welcome.
We're lucky; health good, all debts paid off, money in the bank and adult children living away from home. No dependents, parents deceased. €440,000 saved as follows:
€160,000 in State Savings (medium - long term various issues)
€80,000 in three Zurich Life (Prisma and equity) funds started in the past last year, put away for the long term. (Today's value €83,000)
€5,000 with LinkedFinance, due to be repaid within next 24 months (I know...)
€195,000 in cash (€30,000 earning 0.9% gross, the rest earning diddly squat)
Our adult children are shelling out circa combined €1,200 per month for rent. Is there any point in considering the purchase of a property with a view to one or other of them renting it? What are the issues that could arise, financial and otherwise? Relationships are very good and would like to keep them that way!
Or should we continue as we are with mix of cash, bonds and investments, increasing some?
Was hoping to spend €20,000 on the garden and some on various travels but that looks to be a bit down the line now! Other than that, we're easy. Opinions welcome.
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