My wife recently retired with a lump sum of €88,000 and a fortnightly pension of €1100. My pension is approx.€1000 per fortnight.We are both now retired and aged 60.I have an investment property in rural area with low rental income of €530 per month as well as €7,000 per annum from holiday letting Granny flat. I have 9 years remaining on €140,000 interest only tracker mortgage @ 0.5 % interest. I have invested over €100,000 in 10 year Saving certs some at 25% return and more at 16% return to yield €126,000 by the time the mortgage capital needs to be paid as well as €14,500 invested in last minute AVC's. Hoping the above 2 pay off the capital.We are paying approx.€1,000 on life policies to cover the mortgage amount if either or both of us die.We have 3 adult children, 31,28,26.
Looking for suggestions on where to invest €75,000 of lump sum assuming we will want to spend a little on home improvement. ?I have €25,000 already invested in prize bonds to help us replace our two old cars with 2 nd hand cars.
Looking for suggestions on where to invest €75,000 of lump sum assuming we will want to spend a little on home improvement. ?I have €25,000 already invested in prize bonds to help us replace our two old cars with 2 nd hand cars.