Options on cash deposits maturing

Personal details

Your age: 54 Widowed
Your spouse's age:
Partner's age if not married:

Number and age of children:
2 aged 20 & 22

Income and expenditure
Annual gross income from employment or profession: 10k Part time
Annual gross income of spouse/partner:

Monthly take-home pay:
2k includes part time employment plus widows pension
Type of employment - e.g. Employee or self-employed.
Employer type: e.g. public servant, private company.

In general are you:
(a) spending more than you earn, or
(b) saving? 5k yearly after monthly income of 2k plus yearly income of 20k roughly between net rental, deposit income, bonds etc


Summary of Assets and Liabilities
Family home value: 300k
Mortgage on family home: Nil
Net equity: 300k

Cash: 400k in Rasin etc fixed terms coming to end bar 50k 1and 1/2yrs to
Shsres 50k Trade republic
Bond 50k Trade republic paying 5.6% 8 years to maturity
Crypto 7k


Family home mortgage information N/A
Lender
Interest rate
Type of interest rate: tracker, variable, fixed.
If fixed, what is the term remaining of the fixed rate?
If tracker, what is the margin e.g. ECB + 1%

Remaining term: (Original term is not relevant)
Monthly repayment:

Other borrowings – car loans/personal loans etc None

Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?

Pension information

Value of pension fund: 200k in buy out bond
DB pensión of 3k a uear

Buy to let properties
Value: 175k
Rental income per year: 10k
Rough annual expenses other than mortgage interest : 500
Lender N/ A
Interest rate
If fixed, what is the term remaining of the fixed rate?

Other savings and investments:

Cash: 400k in Rasin etc fixed terms coming to end bar 50k 2 yrs to go


Shares 50k Trade republic
Bond 50k Trade republic paying 5.6% 8 years to maturity

Other information which might be relevant

Life insurance: None


What specific question do you have or what issues are of concern to you?
Looking to reveiw cash deposits as terms coming to end. Idealy looking to find a home for them to gain an annual net return of 3%. Whether it be in Etfs shares or property. Open to hear peoples opinions as have my own idea's but would like fresh eyes and outlook. As one can get stuck in their opinions.
Thanks in advance

Firstly, sorry for your loss.

You’re saving 5k from about a 45k annual income, so costs are about 40k - does that include supporting one or both of your kids?

If it doesn’t and 40k will be your long-term cost profile, I would suggest more of your portfolio should be invested in equities generally, although if it were me I would gradually increase it rather than move a massive chunk all at once. You have fixed-ish income of about 12k widows pension, 10k rental income, and 3k DB in the future so you can afford to take on more risk with your other assets. But like I said, maybe you don’t need to if the kids are due to start paying their own way in the near future.

Have you made sure your PRSI contributions are up to date - perhaps there are homemaker credits to claim?

I would speak to a good financial advisor about putting it all in stocks - perhaps look for a portion of it in dividend returning stocks where you get a cash payout each year. Or, you could arrange for a yearly small sell off of your stocks - if you took out even 2.5% each year you'd get 10k (you may have to pay tax on that). That would supplement your income and in good years you might not even sell anything.

I also wonder if as you get older you might want to get rid of the rental property and again put it into stocks.

An arrangement where you meet your financial advisor once a year, pay him or her say 250 for the consultation and make decisions from that might be useful?

I would also sell the crypto