Age 59
Spouse 60
My annual gross income 120000
Spouse part time 10000 roughly
Employment pharma
If I retire at 65 I will have 34000 a year main pension and 197000 lump sum + 269000 in AMRF fund
If I retire at 60 I will have 24000 main pension a year and 127000 lump sum + 142000 in AMRF fund
I am taking this from my work pension provider site.
I am paying 20% into AVCs and the company pays an additional 2%
Home value 280000
No borrowings, worked hard to achieve this switching mortgages to tracker etc. and was always cagey with big money. I received some brilliant advice from this site about 15yrs ago and I followed it to the letter.
Savings 35000 in a bank account earning nothing
Shares 70000 in company 1200 a year in dividends
5 kids all gone
Life insurance with Job and old one with irish life 60000 for me and 40000 in for my wife €60 a month
Looks like I’m in a very lucky position but I would like some advice going forward
I’m an avid fan of money make over but I’ve never really got one. Looking at my stats above it would seem I am in a good position. However I’ve been working since I’m 15 my job is high pressure at the moment and I would like to retire from it next year before I get a nervous breakdown I’m just not sure that I have time now to do all the invest stuff I probably should have started earlier. I really don’t know what to do about the 35000 in the bank it just looks at me asking me to do something with it.
Spouse 60
My annual gross income 120000
Spouse part time 10000 roughly
Employment pharma
If I retire at 65 I will have 34000 a year main pension and 197000 lump sum + 269000 in AMRF fund
If I retire at 60 I will have 24000 main pension a year and 127000 lump sum + 142000 in AMRF fund
I am taking this from my work pension provider site.
I am paying 20% into AVCs and the company pays an additional 2%
Home value 280000
No borrowings, worked hard to achieve this switching mortgages to tracker etc. and was always cagey with big money. I received some brilliant advice from this site about 15yrs ago and I followed it to the letter.
Savings 35000 in a bank account earning nothing
Shares 70000 in company 1200 a year in dividends
5 kids all gone
Life insurance with Job and old one with irish life 60000 for me and 40000 in for my wife €60 a month
Looks like I’m in a very lucky position but I would like some advice going forward
I’m an avid fan of money make over but I’ve never really got one. Looking at my stats above it would seem I am in a good position. However I’ve been working since I’m 15 my job is high pressure at the moment and I would like to retire from it next year before I get a nervous breakdown I’m just not sure that I have time now to do all the invest stuff I probably should have started earlier. I really don’t know what to do about the 35000 in the bank it just looks at me asking me to do something with it.