Looking for advice...
I have a pension with Irish Life from a previous employment under their "Irish Life Empower Master Trust"
It is invested in their "EMPOWER High Growth Fund" with a risk rating of 5. It's current value is ~€150k and it has gone up and down over last few years (in 5 years it has grown from approx €88k to what it is today). Projection for when I am 50 years old is €185,883.
I am unsure if I am making the most of what I have - should I move the funds (all or partial) to a a different fund like Indexed World Equity Fund (Risk Rating 6) so to increase my odds of having a larger sum by the time I hit my 50s?
I know no one has a crystal ball so my question is - if you had €150k in the above pension arrangement, how would you go about growing that as much as you can in the next 10 years? I am hoping to take 20% out in my 50s to help with education costs.
Cheers!
I have a pension with Irish Life from a previous employment under their "Irish Life Empower Master Trust"
It is invested in their "EMPOWER High Growth Fund" with a risk rating of 5. It's current value is ~€150k and it has gone up and down over last few years (in 5 years it has grown from approx €88k to what it is today). Projection for when I am 50 years old is €185,883.
I am unsure if I am making the most of what I have - should I move the funds (all or partial) to a a different fund like Indexed World Equity Fund (Risk Rating 6) so to increase my odds of having a larger sum by the time I hit my 50s?
I know no one has a crystal ball so my question is - if you had €150k in the above pension arrangement, how would you go about growing that as much as you can in the next 10 years? I am hoping to take 20% out in my 50s to help with education costs.
Cheers!