Personal details
Age: 41
Spouse's age: NA
Number and age of children: 1 at college
Income and expenditure
Annual gross income: 90K
Monthly take-home pay: €4300 after home loan , med insurance, life insurance
Type of employment: Public Sector
In general are you: Saving mostly for holidays, college fees, home renovations, etc
Summary of Assets and Liabilities
Family home value: 900,000
Mortgage on family home: 50,000
Net equity: 850,000
Cash: 1,200,000
Company shares : n/a
Family home mortgage information
Lender: Home loan Credit Union
Remaining term: 10 years
Monthly repayment: 500 stopped from wages
Other borrowings – car loans/personal loans etc
No other borrowings
No Credit Card
Pension information
Value of pension fund me: approx 100k lump and 600 per week. Can retire at 50.
Some AVCs few thousand
Pension: public sector pension
Buy to let properties
None as of yet
Other savings and investments:
Cash savings as above in various accounts , current , Revolut etc
What specific question do you have or what issues are of concern to you?
I have recently come into a large sum of money and would like to make some passive income from this. I would feel my pension is adequate and am in a decent position with my current home. So wouldn’t have any concerns there. I was considering trading up and putting my cash into this but have decided against it. Was considering buying a property for or with my son gifting him the property or half it if I stay half owner. Failing this maybe a property to rent. Or Is it even worth buying a property to rent ? I haven’t a clue where to start and obviously can’t just leave all that money sitting in my bank account. Would have zero clue re shares, crypto, bonds etc. Don’t even know where to go to get advice, any recommendations?
Age: 41
Spouse's age: NA
Number and age of children: 1 at college
Income and expenditure
Annual gross income: 90K
Monthly take-home pay: €4300 after home loan , med insurance, life insurance
Type of employment: Public Sector
In general are you: Saving mostly for holidays, college fees, home renovations, etc
Summary of Assets and Liabilities
Family home value: 900,000
Mortgage on family home: 50,000
Net equity: 850,000
Cash: 1,200,000
Company shares : n/a
Family home mortgage information
Lender: Home loan Credit Union
Remaining term: 10 years
Monthly repayment: 500 stopped from wages
Other borrowings – car loans/personal loans etc
No other borrowings
No Credit Card
Pension information
Value of pension fund me: approx 100k lump and 600 per week. Can retire at 50.
Some AVCs few thousand
Pension: public sector pension
Buy to let properties
None as of yet
Other savings and investments:
Cash savings as above in various accounts , current , Revolut etc
What specific question do you have or what issues are of concern to you?
I have recently come into a large sum of money and would like to make some passive income from this. I would feel my pension is adequate and am in a decent position with my current home. So wouldn’t have any concerns there. I was considering trading up and putting my cash into this but have decided against it. Was considering buying a property for or with my son gifting him the property or half it if I stay half owner. Failing this maybe a property to rent. Or Is it even worth buying a property to rent ? I haven’t a clue where to start and obviously can’t just leave all that money sitting in my bank account. Would have zero clue re shares, crypto, bonds etc. Don’t even know where to go to get advice, any recommendations?