gpjordanf1
Registered User
- Messages
- 12
Age: 46
Spouse’s/Partner's age: 42
Annual gross income from employment or profession: 51k
Annual gross income of spouse: 55k
Monthly take-home pay 5400
Type of employment: Private
In general are you:
Saving
Rough estimate of value of home 175K
Amount outstanding on your mortgage: 76k
What interest rate are you paying? 1.5% + ECB Tracker
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?
Savings and investments: 32k in State Bonds & 35k "College" funds for children
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: 11 & 7
Life insurance: Not sure what to call it? It pays out original Mortgage of 155K regardless of balance remaining. It also seems to be linked to a fund and that is currently
worth 7.5k?
I guess at my age I'm thinking of the future more and retirement, just wondering have I left it too late to start a pension?
Should I be aggressively targeting this now or just wait to see what auto enrollment will bring?
Anyone else in the same boat?
I did lose 10 years of earnings with the recession and had to retrain myself in a new sector and only getting back to 2008 earnings now
so last 10 years have been keeping head above water & paying the bills & saving for the children.
Spouse’s/Partner's age: 42
Annual gross income from employment or profession: 51k
Annual gross income of spouse: 55k
Monthly take-home pay 5400
Type of employment: Private
In general are you:
Saving
Rough estimate of value of home 175K
Amount outstanding on your mortgage: 76k
What interest rate are you paying? 1.5% + ECB Tracker
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?
Savings and investments: 32k in State Bonds & 35k "College" funds for children
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: 11 & 7
Life insurance: Not sure what to call it? It pays out original Mortgage of 155K regardless of balance remaining. It also seems to be linked to a fund and that is currently
worth 7.5k?
I guess at my age I'm thinking of the future more and retirement, just wondering have I left it too late to start a pension?
Should I be aggressively targeting this now or just wait to see what auto enrollment will bring?
Anyone else in the same boat?
I did lose 10 years of earnings with the recession and had to retrain myself in a new sector and only getting back to 2008 earnings now
so last 10 years have been keeping head above water & paying the bills & saving for the children.