Really? What can they do apart from maximising AVC??Clearly though you were not prioritising your pension and yet you're asking about retirement?
Have been adding AVC ( max)
They'll clearly have pension income.If there no other income then income tax would be minimal
I think it's 500k totalYes, you can 'afford' to retire
Current assets outside pension (excluding mortgage free PPR).
Cash: 500k
Equities: 300k (assuming this is value after tax?)
Won't get you much if a pension bid you a cess at 53, maybe about 6k per annum.
Spouse has 18k per annum pension.
And that's what i already said about the pension??
Clearly though you were not prioritising your pension and yet you're asking about retirement?
Do you have 500k cash, or does the 500k include the shares?Savings and investments:
Approx €500000 - cash, in various deposit a/c and govt savings bonds/things.300000 euros in direct shares
So you'll have 40k rental income, spouse 18k pension, and you maybe c.6k pension (assuming you continue max contribution).I have 500k in cash and 300k in shares
You've just reduced your income by 30k per year. It's still possible, but you need to work out how much you'll need each year to live on. Assuming you use your cash / investment to live off (i.e you're not wanting to have anything left over when you both die), you've 25k per year to supplement pensions (assuming you plan for 40 years).sorry rental is 800 a month
A typical HSE nurse can't retire and get a pension at 53.
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