adropofred
Registered User
- Messages
- 14
Age: 68
Spouse’s/Partner's age: 67
Employement:
Both Retired and in good health.
Spouse has small part time job.
Income:
Annual gross income from Pensions:
E28,500 Net ( ARF and contributary pension)
Annual gross income spouse:
E34,000 net - 26k from PS pension (index linked) plus 8k from part time job.
She's going to quit the part time job next year.
Expenditure pattern:
We are both generally 'savers' but will take holidays once or twice a year. We'll generally save for an expense rather than dip into our savings
Major expenses:
Private health insurance 3,200
House insurance 2,000
Holidays 8k
We'll probably upgrade 1 of our cars in next few years - 20k
Rough estimate of value of home
E700,000
Mortgage Free
No borrowings
None
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
Do you own any investment or other property?
Yes -
Apartment 1 value 260,000
Apartment 2 value 230,000
no mortgage on either
children:
2 Adults - financially independent though we give them money from time to time.
We'll probably give them a regular amount PA, starting in a few years time!
What specific question do you have or what issues are of concern to you?
I am concerned we have money in the bank earning nothing - what are our options at our stage of life?
We don't mind locking some away for 2-3 years!
We have very little investing experience on the stock market but we're considering investing in 10-15k in the stock market, ( maybe choose 10 stocks across different classifications) but not sure how to go about it. ?
Any other advice is greatly appreciated.
Thanks.
Spouse’s/Partner's age: 67
Employement:
Both Retired and in good health.
Spouse has small part time job.
Income:
Annual gross income from Pensions:
E28,500 Net ( ARF and contributary pension)
Annual gross income spouse:
E34,000 net - 26k from PS pension (index linked) plus 8k from part time job.
She's going to quit the part time job next year.
Expenditure pattern:
We are both generally 'savers' but will take holidays once or twice a year. We'll generally save for an expense rather than dip into our savings
Major expenses:
Private health insurance 3,200
House insurance 2,000
Holidays 8k
We'll probably upgrade 1 of our cars in next few years - 20k
Rough estimate of value of home
E700,000
Mortgage Free
No borrowings
None
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
| PTSB | 30,000 | on deposit for 3 years ( 1 to go) at 3% pa |
| Irish Bank | 95,000 | earning nothing |
| Credit union | 27,000 | earning virtually nothing |
| Trade Republic | 39,000 | at 2% interest |
| Revolut | 2,700 | 1k invested in a brokerage acc |
| Investment Bond | 25,000 | Matures in 2027 |
| Post Office | 3,000 | Most saving certs have matured |
Total= | 221,700 |
Do you own any investment or other property?
Yes -
Apartment 1 value 260,000
Apartment 2 value 230,000
no mortgage on either
children:
2 Adults - financially independent though we give them money from time to time.
We'll probably give them a regular amount PA, starting in a few years time!
What specific question do you have or what issues are of concern to you?
I am concerned we have money in the bank earning nothing - what are our options at our stage of life?
We don't mind locking some away for 2-3 years!
We have very little investing experience on the stock market but we're considering investing in 10-15k in the stock market, ( maybe choose 10 stocks across different classifications) but not sure how to go about it. ?
Any other advice is greatly appreciated.
Thanks.
