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I am putting money into an ave to pension and to date I have lost close to 3,000e
Am I mad to keep this going {i am over 50] or should i stop and save it in the bank. I really need good advice on this.
Folks
Secondly you only need returns of 7.5% approx annually to double your money in 10 years time and you will be availing of tax free gross roll up in the fund.
Only 7.5% eh? What has been the average return over the last 10 years? Its been about 0.5% on average, with some irish pensions showing negative returns.
So while its nice to say you will double your money in 10 years with "only" a 7.5% return the reality can be very different.
Only 7.5% eh? What has been the average return over the last 10 years? Its been about 0.5% on average, with some irish pensions showing negative returns.
So while its nice to say you will double your money in 10 years with "only" a 7.5% return the reality can be very different.
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