Savings built up - any suggestions for investment options:
Looking for some investment options for my wife. She currently has @250k. (100k in Prize Bonds and 150k in savings.)
No mortgage on family home.
Personal details
Age: 53
Spouse’s age: 51
Number and age of children: 2
Ages 16 and 14 - all in good health TG.
(both have money coming at 18 from a RTA / which will cover college expenses)
Income and expenditure
Annual gross income: 71K
Annual gross income from employment or profession: @95K (Basic 70 + overtime 25k) Spouse
Type of employment:
Education
Medical / HSE - Spouse
(both permanent)
In general are you:
saving -
Summary of Assets and Liabilities
Family home / farm worth €700k with no mortgage
Cash of €150k
Prize Bonds €100k
State pensions:
Pension will be full at 60 - currently buying back notional service 11 yrs / 28% of gross salary
Pension will be full at age 60 (Basic pay is €70k) Spouse
Family home mortgage information
None
Other borrowings – car loans/personal loans etc
No borrowings
Buy to let properties
Buy to Let Property worth €420k with no mortgage - Rent = €1100 / PCM -(spouse) - take home approx. €550 after taxes and repairs etc.
Buy to let Property worth €220k with no mortgage - Rent = €800 / PCM - take home approx. €400 after taxes and repairs etc.
Have a holiday home which is sale agreed - bought + renovated for @ €120,000 - sale agreed for €160,000 but sale has not yet gone through - no mortgage
Other savings and investments:
Do you have a pension scheme? Yes - State pensions - see above
Do you own any investment or other property? see above
Other information which might be relevant
No Life Assurance (Tried to get the GP to sign papers and she never did it despite numerous requests)
What specific question do you have or what issues are of concern to you?
My wife has 100k in Prize Bonds and 150K in a regular savings account. She is looking for ways / products to invest into to get a better return than a bank account. She won't go for high risk options and we have had our fill of property and are not interested in buying a house etc.
Any suggestions would be most welcome.
Thanks
Looking for some investment options for my wife. She currently has @250k. (100k in Prize Bonds and 150k in savings.)
No mortgage on family home.
Personal details
Age: 53
Spouse’s age: 51
Number and age of children: 2
Ages 16 and 14 - all in good health TG.
(both have money coming at 18 from a RTA / which will cover college expenses)
Income and expenditure
Annual gross income: 71K
Annual gross income from employment or profession: @95K (Basic 70 + overtime 25k) Spouse
Type of employment:
Education
Medical / HSE - Spouse
(both permanent)
In general are you:
saving -
Summary of Assets and Liabilities
Family home / farm worth €700k with no mortgage
Cash of €150k
Prize Bonds €100k
State pensions:
Pension will be full at 60 - currently buying back notional service 11 yrs / 28% of gross salary
Pension will be full at age 60 (Basic pay is €70k) Spouse
Family home mortgage information
None
Other borrowings – car loans/personal loans etc
No borrowings
Buy to let properties
Buy to Let Property worth €420k with no mortgage - Rent = €1100 / PCM -(spouse) - take home approx. €550 after taxes and repairs etc.
Buy to let Property worth €220k with no mortgage - Rent = €800 / PCM - take home approx. €400 after taxes and repairs etc.
Have a holiday home which is sale agreed - bought + renovated for @ €120,000 - sale agreed for €160,000 but sale has not yet gone through - no mortgage
Other savings and investments:
Do you have a pension scheme? Yes - State pensions - see above
Do you own any investment or other property? see above
Other information which might be relevant
No Life Assurance (Tried to get the GP to sign papers and she never did it despite numerous requests)
What specific question do you have or what issues are of concern to you?
My wife has 100k in Prize Bonds and 150K in a regular savings account. She is looking for ways / products to invest into to get a better return than a bank account. She won't go for high risk options and we have had our fill of property and are not interested in buying a house etc.
Any suggestions would be most welcome.
Thanks