silvergrove
Registered User
- Messages
- 18
So, it seems like a ETF type fund now
hopefully, we have enough time to realise gains in equities (20 year time period) such that both kids can have a good deposit when they are out of college (26 and 28).
You don't know where your children will want to live. So you might buy a house in your area and find that they will be working somewhere else.
Investment
Did not know about bare trust or life fund investment. Thank you.
I would like to keep the fund flexible (in case of emergencies and also timing of when to give to kids) so i want prefer to retain control.
Reading posts on this site, some people recommended ETF as the fees are low and the risk is spread out so this seemed attractive to me.
I am unsure whether the AVC will benefit as i will have full pension when retiring at 60 and I will be forced to take 4% per year from ARF (taxable at high rate + PRSI + USC) and the ARF will have annual charges so not sure how i can grow this fund for my kids.
It may be that i should invest in an ETF type vehicle to retain control of when and how i take the money out (but i still have a question mark whether the AVC makes sense as i am loath to give up the opportunity to save the tax on the way in)
thanks very much
Silvergrove
You should think about income continuance as well.I am healthy (luckily so far) but i am concerned about income for family as my wife does not make much.
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