Brendan Burgess
Founder
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1.5 + .5 + .2 +.2 -.45 = 1.95
I must have included the pensions only once.
But the accuracy does not matter. You can afford to invest €200k in a project which might not work out well.
Brendan
Investment strategy for 500k leftover cash after forever home purchase
- Thread starter Windsor23
- Start date
I must have included the pensions only once.
But the accuracy does not matter. You can afford to invest €200k in a project which might not work out well.
Brendan
OK thank you, wasn't sure if you were including the cash in business also.
We are very conscious that the pensions are way too light for our age, but the plan is to stuff those with any excess business cash from hereon now that we no longer need to keep obsessing over holding onto every last penny for 'the big house purchase'.
Think it's such a huge psychological relief not to have to do that anymore that we're inclined to want to go a bit too nuts now!
But lots to consider from all responses, thanks all.
Brendan Burgess
Founder
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Only if you look at them in isolation.
You have €1.95m of assets and a site.
Yes, it would be more tax-efficient to shunt more into a pension fund, but you are doing fine.
Brendan
presidenttttt
Registered User
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- 271
well done on being in such a comfortable position. Curious how your mortgage is 21 years, I thought they would not allow people go beyond 65?
Gordon Gekko
Registered User
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If you have a pension, some banks will allow you go to age 70.
I think it's 70 now. Applied last year but only drew down this year and lender didn't amend the term accordingly.