Age: 49
Spouse’s/Partner's age: 49
Annual gross income from employment or profession: 90000
Annual gross income of spouse: 53000
Monthly take-home pay: 5000
Type of employment: PAYE Employee
Spouse:Nurse
In general are you: Saving - approx €3000 per month
Rough estimate of value of home: €400000
Amount outstanding on your mortgage: 0
What interest rate are you paying? na
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card? N/A
Savings and investments:
Approx €500000 - cash, in various deposit a/c and govt savings bonds/things.300000 euros in direct shares
Do you have a pension scheme? Yes - 4%, employer contrib is 8%. Have been adding AVC ( max) for past few years. 70000 euros in pot
Do you own any investment or other property? yes
Getting 800 a week gross
No mortgage on property
Other borrowings – car loans/personal loans etc: None
Ages of children: N/A
Life insurance: Yes
My question is do you think we could both afford to retire at 53 as spouse will get a 18000 euro a year pension and 70000 euro avc fund.
Spouse’s/Partner's age: 49
Annual gross income from employment or profession: 90000
Annual gross income of spouse: 53000
Monthly take-home pay: 5000
Type of employment: PAYE Employee
Spouse:Nurse
In general are you: Saving - approx €3000 per month
Rough estimate of value of home: €400000
Amount outstanding on your mortgage: 0
What interest rate are you paying? na
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card? N/A
Savings and investments:
Approx €500000 - cash, in various deposit a/c and govt savings bonds/things.300000 euros in direct shares
Do you have a pension scheme? Yes - 4%, employer contrib is 8%. Have been adding AVC ( max) for past few years. 70000 euros in pot
Do you own any investment or other property? yes
Getting 800 a week gross
No mortgage on property
Other borrowings – car loans/personal loans etc: None
Ages of children: N/A
Life insurance: Yes
My question is do you think we could both afford to retire at 53 as spouse will get a 18000 euro a year pension and 70000 euro avc fund.