jabberwocky
Registered User
- Messages
- 14
Hi there,
I started a thread last last week ("Tax-advantaged retirement accounts, or, a general 15-yr plan") on this forum and got a lot of useful information -- many thanks to everyone here.
The conversation has changed subject a bit and now warrants a new thread -- specifically, the "optimal" way to allocate assets in a pension fund.
This thread will hopefully provide some good generic advice, but for the purposes of discussion I'll start by listing out my own circumstances and assumptions.
In ten years or so, at 40, I might suggest reallocating these towards a 40/40/20 split between world and European equities, the remaining 20% going into government bonds -- assuming global markets are in a slump when it's time to withdraw, having some invested in bonds seems to be a good insurance plan to weather that particular storm.
I am Irish and live in Ireland. I am not necessarily looking to retire early or hit any specific figure here -- this is to be a backup for my eventual retirement or my beneficiaries.
I have other money I can invest on a monthly basis and I am interested in learning more about ETFs and how they work in Ireland (e.g., on a tax basis, and what providers here are worth using), which may affect how I allocate my pension -- any comments on that topic will be greatly appreciated.
This thread doesn't need to be specific to my circumstances as such, though, I just hope to get some general information on the topic and put it all towards making a decision in the next few weeks.
Thank you!
I started a thread last last week ("Tax-advantaged retirement accounts, or, a general 15-yr plan") on this forum and got a lot of useful information -- many thanks to everyone here.
The conversation has changed subject a bit and now warrants a new thread -- specifically, the "optimal" way to allocate assets in a pension fund.
This thread will hopefully provide some good generic advice, but for the purposes of discussion I'll start by listing out my own circumstances and assumptions.
- I am going to invest 20% (€14k) of my gross salary (€70k) into an occupational pension, my employer will provide 5%, meaning a yearly total of €17.5k invested
- I do not need to access this for, let's say, 25 years (I am 31).
- I am not totally risk averse, and I can handle market volatility during these 25 years.
- When I retire I want to stay retired (from the "rat-race", running a small business is fine) -- going back to the job market shouldn't be a backup plan.
In ten years or so, at 40, I might suggest reallocating these towards a 40/40/20 split between world and European equities, the remaining 20% going into government bonds -- assuming global markets are in a slump when it's time to withdraw, having some invested in bonds seems to be a good insurance plan to weather that particular storm.
I am Irish and live in Ireland. I am not necessarily looking to retire early or hit any specific figure here -- this is to be a backup for my eventual retirement or my beneficiaries.
I have other money I can invest on a monthly basis and I am interested in learning more about ETFs and how they work in Ireland (e.g., on a tax basis, and what providers here are worth using), which may affect how I allocate my pension -- any comments on that topic will be greatly appreciated.
This thread doesn't need to be specific to my circumstances as such, though, I just hope to get some general information on the topic and put it all towards making a decision in the next few weeks.
Thank you!
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