S
Seaview
Guest
Age: 43
Spouse’s/Partner's age: 55
Annual gross income from employment or profession: Unemployed
Annual gross income of spouse: 600 per week gross
Type of employment: e.g. Civil Servant, self-employed Labourer/Spouse
In general are you spending more than you earn or are you saving? saving
Rough estimate of value of home 450,000
Amount outstanding on your mortgage: Nil
What interest rate are you paying?
Other borrowings – car loans/personal loans etc Nil,
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: 27,000 in a high interest account and an endowment policy due to mature in the next year with a projected maturity value of 45,000 pounds from England.
Do you have a pension scheme? me no / spouse yes
Do you own any investment or other property? no
Ages of children: 2 have grown up and left home, 1 still at home aged 16
Life insurance: yes
What specific question do you have or what issues are of concern to you?
Although we have no outstanding debt, I am worried that I have made no provision for a pension for myself. I am unsure if I should start a PRSA and invest the proceeds of the endowment policy when it matures or wait until I find employment and join a company pension scheme. I have just completed a four year degree course and I am looking for an admin job. My husband is working in the construction trade and has approximately 90,000 in a pension schemes both here and in the UK. He has worked very hard all his life and at the moment I am worried about his health and I don't think he will be able to continue in this area until he is 65. We still have one child to put through college and would consider downsizing to a smaller house in the future. We manage ok on a day to day basis but I am bothered about the pensions.
Spouse’s/Partner's age: 55
Annual gross income from employment or profession: Unemployed
Annual gross income of spouse: 600 per week gross
Type of employment: e.g. Civil Servant, self-employed Labourer/Spouse
In general are you spending more than you earn or are you saving? saving
Rough estimate of value of home 450,000
Amount outstanding on your mortgage: Nil
What interest rate are you paying?
Other borrowings – car loans/personal loans etc Nil,
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: 27,000 in a high interest account and an endowment policy due to mature in the next year with a projected maturity value of 45,000 pounds from England.
Do you have a pension scheme? me no / spouse yes
Do you own any investment or other property? no
Ages of children: 2 have grown up and left home, 1 still at home aged 16
Life insurance: yes
What specific question do you have or what issues are of concern to you?
Although we have no outstanding debt, I am worried that I have made no provision for a pension for myself. I am unsure if I should start a PRSA and invest the proceeds of the endowment policy when it matures or wait until I find employment and join a company pension scheme. I have just completed a four year degree course and I am looking for an admin job. My husband is working in the construction trade and has approximately 90,000 in a pension schemes both here and in the UK. He has worked very hard all his life and at the moment I am worried about his health and I don't think he will be able to continue in this area until he is 65. We still have one child to put through college and would consider downsizing to a smaller house in the future. We manage ok on a day to day basis but I am bothered about the pensions.