Almost certainly not.a) Have I any need for life insurance?
You would need to post more info about your overall situation - e.g. what do you want from this €60K, what is your attitude to risk/volatility, are you generally healthy, do you have any other savings/investments, are you working, do you have a pension, when do you plan to retire etc. If in doubt get professional advice from a good multi-agency intermediary or authorised advisor. Ideally on a fixed agreed fee paying basis with a clear view of what you expect from such a consultation.b) What best to do with the spare €60K?
So your job is pretty much (practically 100%?) secure so no worries on that front?I am generally healthy in full time public service employment.
Do you have a pension through the job? Is there any scope or need for supplementing this with additional pension investments?Not sure what the future holds so have not sure when I would retire.
Before you do, do have a read of the key posts in this forum and the summary booklets at www.itsyourmoney.ie if only to prepare yourself for asking the right sorts of questions.I think I could be reasonably open to taking a risk withsome or all of 60K.
Will talk to a financial advisor but appreciate any other advice.
Thanks
There are similar investment products on offer with much lower charges.i would invest 40k in a rabodirect fund
If the priority is to save for retirement (and it's not clear that this is necessarily the case here) then one should look at maximising the tax exempt options first.and contribute some money every month to it, in 15 years time when you retire it will be a lovely lump sum along with your pension to enjoy your retirement. you deserve it!
There are lots of unit linked funds that charge no fees (in particular entry/exit fees) and only an annual management fee of c. 1% on offer either directly or via discount execution only brokers. There are many existing threads on these which you can browse/search for. Admittedly most probably won't offer precisely the same wide range of funds and the online management/trading platform that Rabo offer so those that need these may be willing to pay higher charges for the privilege.clubman - name a similar investment product that hs lower charges
Try searching for the existing thread such as:can you name one
Not necessarily. If a particular provider only offers a few funds but one or more of these match the specific needs of a particular investor and they have lower charges than another provider such as Rabo then that's what matters.a wide range of funds is kinda important dont you think
I'd enjoy at least some of it now.What would you do?
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