Age: 42
Spouse’s/Partner's age: N/A (Recently broke up)
Annual gross income from employment or profession: 55,000
Annual gross income of spouse: N/A
Monthly take-home pay: 3200
Type of employment: e.g. Civil Servant, self-employed : Civil (University contract employee)
In general are you:
(a) spending more than you earn, or
(b) saving?
SAVING around 400-600 a month.
Rough estimate of value of home: N/A
Amount outstanding on your mortgage: N/A
What interest rate are you paying? N/A
Other borrowings – car loans/personal loans etc: N/A
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: 34K as Cash in Savings Accounts. No investments.
Do you have a pension scheme? : Working in a University. PRSI paid.
Do you own any investment or other property? : NO
Ages of children: N/A
Life insurance: N/A (Have Private health Insurance cover)
What specific question do you have or what issues are of concern to you?
I am trying to put my savings to the best use. Investments or Pensions or both. Recently single so an scope of a family has been put down the road for a few years again.
(Paying PRSI for last 10 years; I am unsure how PRSI payments do provide for a Public sector pension; any reading material on this appreciated).
Spouse’s/Partner's age: N/A (Recently broke up)
Annual gross income from employment or profession: 55,000
Annual gross income of spouse: N/A
Monthly take-home pay: 3200
Type of employment: e.g. Civil Servant, self-employed : Civil (University contract employee)
In general are you:
(a) spending more than you earn, or
(b) saving?
SAVING around 400-600 a month.
Rough estimate of value of home: N/A
Amount outstanding on your mortgage: N/A
What interest rate are you paying? N/A
Other borrowings – car loans/personal loans etc: N/A
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: 34K as Cash in Savings Accounts. No investments.
Do you have a pension scheme? : Working in a University. PRSI paid.
Do you own any investment or other property? : NO
Ages of children: N/A
Life insurance: N/A (Have Private health Insurance cover)
What specific question do you have or what issues are of concern to you?
I am trying to put my savings to the best use. Investments or Pensions or both. Recently single so an scope of a family has been put down the road for a few years again.
(Paying PRSI for last 10 years; I am unsure how PRSI payments do provide for a Public sector pension; any reading material on this appreciated).
- Would there be room to max out the Public Pensions?
- What happens to my pensions if I move to another EU country for a job?
- Opened a DeGiro Account recently and thinking of investing in ETFs/Shares etc from the savings. Any thoughts if this is a good strategy.
- Is buying an apartment a better strategy as an investment (with the sky high prices currently)? I am already paying 950 PM rent.
- Hoping to retire a few years before the 68 timeline (60 or so).