I am 50 living with M.S. but still working, about 20K savings and 2max SSIA coming. Should I concider buying to rent, or other investments like: stocks/ funds??
What is the prognosis - e.g. do you expect to have to give up work at some stage before normal retirement age? If so would you be entitled to insurance and/or welfare payments that should be factored into any projected budgeting analysis that you do? Do you already own your own home?
By state pension do you mean old age contributory (PRSI linked) or non contributory (means tested) pension? Would you not also be entitled to some other illness or disability welfare payments?
Is €20K plus the two maturing SSIAs (another €40K I presume?) the sum total of your savings/investments? Do you have any pension, PHI etc. cover of your own or with the job?
Have you done an income/expenditure budget for your existing situation and then worked out what you need to have coming in to match or approach that or some other level of lifestyle if you are no longer working?
Pure speculation and hardly well rounded investment advice. Nobody can predict the future and dismissing a single asset class and advising somebody to sit on the cash is hardly prudent advice.
Pure speculation and hardly well rounded investment advice. Nobody can predict the future and dismissing a single asset class and advising somebody to sit on the cash is hardly prudent advice.
Since Ronan owns his own home,he is very heavily weighted in the Irish Property market,given that his only other assets are about €60k in cash.
With rising interest rates,bonds are looking like a poor investment,and they will also impact equity values if they continue to rise,so a high interest deposit account may be the best option for the forseeable future.
Will heed your advice,thank you. I will get public service pension (25yrs.)and no insurance but I will also qualify for disability. I am also invested with Royal Liver Managed Fund,about 15K............Ronan