Age: 44
Spouse’s/Partner's age: 44
Annual gross income from employment or profession: €84k
Annual gross income spouse: None
Type of employment: Private sector
Expenditure pattern: Saving
Rough estimate of value of home: €275k
Mortgage on home: None
Other borrowings – car loans/personal loans etc: None
Do you pay off your full credit card balance each month? Yes
Savings and investments: €120k
Do you have a pension scheme? Yes. Approx value €180k with a smaller previous Defined Benefit pension worth approx
Age: 44
Spouse’s/Partner's age: 44
Annual gross income from employment or profession: €84k
Annual gross income spouse: None
Type of employment: Private sector
Expenditure pattern: Saving
Rough estimate of value of home: €275k
Mortgage on home: None
Other borrowings – car loans/personal loans etc: None
Do you pay off your full credit card balance each month? Yes
Savings and investments: €120k
Do you have a pension scheme?
Me. Yes paying 7% with employer paying 10% - approx value €180k. Have a smaller Defined Benefit pension from previous employer due to pay me roughly €15k pa in retirement.
Wife. Small pension from employment prior to having our son. Not paid into for last 8 years - Currently valued at €50k.
Do you own any investment or other property? Yes apartment in Lanzarote. We only let friends/family stay here rather then renting it out to maximise income.
Ages of children: 8 year old
Life/health insurance:
- VHI
- Death in Service cover from employer
What specific question do you have or what issues are of concern to you?
We've worked hard and saved hard over the last 20 years.
I had a heart attack in August and some subsequent surgery and have not returned to work. Employer sick leave is excellent so there has been no impact to income yet. I would have worked long hours in quite a stressful environment however following the health scare I have taken my time recovering and have yet to return to work.
I am unsure about my return to work at this point just due to stress levels and concerns of slipping back into bad habits. However I do not want to replace one stress with another down the line by not being setup adequately for my family & retirement. There is the possibility of voluntary severance at some stage in the next year or two.
I guess I am looking for pointers as to how feasible it would be to make some lifestyle changes such as potentially reduce my working hours, possibly take a severance and do something much less stressful in the next 12-18months. I'm obviously too young to retire at mid 40s and expect to provide for the family, presume life cover is going to be difficult/expensive to come by.
thanks for reading this far.
Spouse’s/Partner's age: 44
Annual gross income from employment or profession: €84k
Annual gross income spouse: None
Type of employment: Private sector
Expenditure pattern: Saving
Rough estimate of value of home: €275k
Mortgage on home: None
Other borrowings – car loans/personal loans etc: None
Do you pay off your full credit card balance each month? Yes
Savings and investments: €120k
Do you have a pension scheme? Yes. Approx value €180k with a smaller previous Defined Benefit pension worth approx
Age: 44
Spouse’s/Partner's age: 44
Annual gross income from employment or profession: €84k
Annual gross income spouse: None
Type of employment: Private sector
Expenditure pattern: Saving
Rough estimate of value of home: €275k
Mortgage on home: None
Other borrowings – car loans/personal loans etc: None
Do you pay off your full credit card balance each month? Yes
Savings and investments: €120k
Do you have a pension scheme?
Me. Yes paying 7% with employer paying 10% - approx value €180k. Have a smaller Defined Benefit pension from previous employer due to pay me roughly €15k pa in retirement.
Wife. Small pension from employment prior to having our son. Not paid into for last 8 years - Currently valued at €50k.
Do you own any investment or other property? Yes apartment in Lanzarote. We only let friends/family stay here rather then renting it out to maximise income.
Ages of children: 8 year old
Life/health insurance:
- VHI
- Death in Service cover from employer
What specific question do you have or what issues are of concern to you?
We've worked hard and saved hard over the last 20 years.
I had a heart attack in August and some subsequent surgery and have not returned to work. Employer sick leave is excellent so there has been no impact to income yet. I would have worked long hours in quite a stressful environment however following the health scare I have taken my time recovering and have yet to return to work.
I am unsure about my return to work at this point just due to stress levels and concerns of slipping back into bad habits. However I do not want to replace one stress with another down the line by not being setup adequately for my family & retirement. There is the possibility of voluntary severance at some stage in the next year or two.
I guess I am looking for pointers as to how feasible it would be to make some lifestyle changes such as potentially reduce my working hours, possibly take a severance and do something much less stressful in the next 12-18months. I'm obviously too young to retire at mid 40s and expect to provide for the family, presume life cover is going to be difficult/expensive to come by.
thanks for reading this far.