Age: 47
Spouse’s/Partner's age: 41
Annual gross income from employment or profession: 80,000
Annual gross income of spouse: N/A
Type of employment: e.g. Civil Servant, self-employed:
Private sector
In general are you:
(a) spending more than you earn, No
or
(b) saving? yes
Rough estimate of value of home: 500,000
Amount outstanding on your mortgage: Ca. 230,000
What interest rate are you paying?
Variable 1.6%
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? 0.00
Savings and investments:
An Post - 35,000
Angelo Irish - 15,000
AIB - 1,500
Do you have a pension scheme? Yes - but not worth much at the moment
Do you own any investment or other property? Yes
Investment Mortgage - 80,000 - House value 175000, Interest Only
Ages of children: 13, 11, 8, 3, Due Sept 09
Life insurance: Yes
Serious Illness Cover
Health Care
Monthly outgoings:
Monthly fixed,Monthly variable and budgeted allowances for all annual must-do's = 4,200 per month
Monthly Disposable allowance = 350
What specific question do you have or what issues are of concern to you?
Concerned about having enough money to put children through college and a retirement fund for ourselves. Home mortgage is our biggest expense and we have 20 yrs left on the mortgage. Not sure if we should use savings to reduce mortgage. Currently ear marked for college fund. Or is there an investment option that would allow us to increase our savings? Between serious illness, life insurance & health care we spend about 500 per month. This seems high to me but haven't been able to get any lower quotes. Not sure if we need all this cover.
Thanks in advance
CeltP
Spouse’s/Partner's age: 41
Annual gross income from employment or profession: 80,000
Annual gross income of spouse: N/A
Type of employment: e.g. Civil Servant, self-employed:
Private sector
In general are you:
(a) spending more than you earn, No
or
(b) saving? yes
Rough estimate of value of home: 500,000
Amount outstanding on your mortgage: Ca. 230,000
What interest rate are you paying?
Variable 1.6%
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? 0.00
Savings and investments:
An Post - 35,000
Angelo Irish - 15,000
AIB - 1,500
Do you have a pension scheme? Yes - but not worth much at the moment
Do you own any investment or other property? Yes
Investment Mortgage - 80,000 - House value 175000, Interest Only
Ages of children: 13, 11, 8, 3, Due Sept 09
Life insurance: Yes
Serious Illness Cover
Health Care
Monthly outgoings:
Monthly fixed,Monthly variable and budgeted allowances for all annual must-do's = 4,200 per month
Monthly Disposable allowance = 350
What specific question do you have or what issues are of concern to you?
Concerned about having enough money to put children through college and a retirement fund for ourselves. Home mortgage is our biggest expense and we have 20 yrs left on the mortgage. Not sure if we should use savings to reduce mortgage. Currently ear marked for college fund. Or is there an investment option that would allow us to increase our savings? Between serious illness, life insurance & health care we spend about 500 per month. This seems high to me but haven't been able to get any lower quotes. Not sure if we need all this cover.
Thanks in advance
CeltP