What is the best way we could put our savings to use? Property, ETFs etc?
We do not have to save for kids education as this is already secured.
For retirement, we assume we will have a property abroad left to us by family, so we are not too concerned about saving for retirement. We would like to concentrate on multiplying the savings in the next 10 years.
Is there anything else we should be thinking about?
Age:45
Spouse’s/Partner's age:43
Annual gross income from employment or profession:65K
Annual gross income of spouse: 14K
Monthly take-home pay: 4,700
Type of employment: e.g. Site Engineer
Spouse: Bookkeeper
In general are you:
(a) spending more than you earn, or
(b) saving?
Answer: b.SAVING
Rough estimate of value of home: 320K
Amount outstanding on your mortgage: 309
What interest rate are you paying? 1.1%
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?
Savings and investments: 150K savings
We will appreciate any advise. Thank you
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: 13 and 16
Life insurance: Yes
We will appreciate any advise. Thank you
We do not have to save for kids education as this is already secured.
For retirement, we assume we will have a property abroad left to us by family, so we are not too concerned about saving for retirement. We would like to concentrate on multiplying the savings in the next 10 years.
Is there anything else we should be thinking about?
Age:45
Spouse’s/Partner's age:43
Annual gross income from employment or profession:65K
Annual gross income of spouse: 14K
Monthly take-home pay: 4,700
Type of employment: e.g. Site Engineer
Spouse: Bookkeeper
In general are you:
(a) spending more than you earn, or
(b) saving?
Answer: b.SAVING
Rough estimate of value of home: 320K
Amount outstanding on your mortgage: 309
What interest rate are you paying? 1.1%
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?
Savings and investments: 150K savings
We will appreciate any advise. Thank you
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: 13 and 16
Life insurance: Yes
We will appreciate any advise. Thank you
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