When do you expect to retire?Am in early 60's & about to retire;
What's it worth?have a modest occupational pension (DC) that I hope not to trigger for several more years;
Are you on track to meet the PRSI contribution requirements for a full contributory pension?I will also have the state contributory pension, at 66, P.G!
There are many existing threads about where to put money so you should search and read some of those.I have large cash savings (over €900k) that will be a key component of my retirement finances; so, how do I protect this against inflation while at same time have it generate some income for me?
This is very poor advice based on attempting to time the market.right now there is a correction in the major indices which means the s&p500 and
Dow Jones are both down almost 10%
Good time to buy.
There's one or two of them on here, give great advice at times. You might get lucky and they'll reach out to youThanks all; yes, I have maximised pension contributions in recent years; my pension value today is €700k and is in conservative mixed funds. Also, have enough PRSI contributions for contributory pension. Will likely retire within 2022. Yes, will read more of the threads here.
My risk aversion / excess caution over past 10 years has meant I missed out on equity markets' growth. Might just select some funds via Zurich /Irish Life/New Ireland/Other but need to figure best performers / mangmnt charges, etc.; also might manage a bit myself & buy some dividend stocks plus long-term holds such as Google, Amazon, Tesla; maybe some FOOTSIE stocks as it has been depressed for long time. Am toying with notion of a good financial advisor so need to check out options.
On the face of it, your after-tax savings, together with the State contributory pension, should be more than adequate to fund the first 20 years or so of your retirement.I have maximised pension contributions in recent years; my pension value today is €700k and is in conservative mixed funds. Also, have enough PRSI contributions for contributory pension.
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