Jungs, wie viel glauben sie, dass wir verdienen?
https://i.redd.it/sl45dp8ysmtg1.png
Von Lord_Wunderfrog
Jungs, wie viel glauben sie, dass wir verdienen?
https://i.redd.it/sl45dp8ysmtg1.png
Von Lord_Wunderfrog
18 Kommentare
Somewhere between €200-400k
The topic of the article was decided first and then the question was invented
40-49 year olds can put away 25% of earnings, 30-39 it’s 20%. That’s someone on about 100k if just their contribution. Depending on how generous the employer contribution is that could be someone on „only“ 60k plus. It’s not unusual for people to be putting 20k (or a lot more) into their pension every year, but it obviously takes sacrifices.
Doesnt have to be crazy… I’m 28 and putting near 15k p.a. in from this week, on 68k a year base, due to matching, and the simple fact that until and unless this new investment reform bears fruit, pension is the only investment that makes fiscal sense other than property. I’m salary limited on what I want there, not deposit limited, so that leaves pension.
If I was 30, I’d be in a position to do almost what the person in the article is, and their question is very valid, especially for decent earners who live frugally (and high earners with many outgoings, as they are). Gets more valid the older you are as long as kids are still young and dependent, and retirement isn’t ton the horizon
In my case putting it in pension will instantly almost 2x it, and probably 10-20x it from now til retirement. But I don’t wanna sit like Smaug on my gold for fifty odd years, when I could be doing interesting things with that money which might also build a nest egg differently
Same people who appear on house building/reno tv shows…. “Our budget is 700000…….”
110k as per the article
https://m.independent.ie/business/money/eoin-mcgee-answers-i-put-about-21k-into-my-pension-each-year-but-i-dont-want-to-lock-away-all-my-money-am-i-putting-in-too-much/a1727322145.html
Edit to add – the 21k is combined between his contributions and his employer and another 600 a month into a separate Irish Life fund.
News flash, not everything is about you! Hope this helps
Assuming his contributions are matched, its 10.5k a year.
About 875 a month.
If they are putting in 20%, they coukd be about 52.5k a year.
This really belongs in the r/irishpersonalfinance sub … it’s a fun read if you are into self harm and want to really drive home how financially unstable you are on a bank holiday Monday … 😂
Its 14k from his own wage. 7k employer. Hes mid 30s. The unclear bit is whether the wife is earning too. In the article he is encouraged to save even more if can. Rule outlined in article is 10% of savings is necessity for unknowns, 15% is good and above 20% you are into real wealth building. He took the net take home after the pension so had him on about 23% savings rate (excl. Employer pension). So it was deemed good but more upside. They have young kids. Risk tbh is over saving
Keep in mind the tax relief on pensions. If €20k is going into the pension that would only be ‚costing‘ that person €12k, and that’s not counting for any employer contributions. As a reference point I earn €90k base and do 12% contribution with a 9% employer match. Annually about €18k going into my pension, but it’s only ‚costing‘ me about €6k a year. Pensions are by far the most tax efficient way to invest in Ireland and regardless of salary, everyone should be putting as much as they can afford to into a pension. It’s essentially leaving free money on the table otherwise.
Putting 1750 a month into a pension? fuckin hell
Fella asks if he’s putting in too much, getting the balance right. Takes 20 paragraphs of waffle about ARFs, estimated growth etc to get to the real shit – the asker doesn’t know because he doesn’t have goals laid out. The advisor can’t know because there’s not enough detail in the question. The rest is just bluster
Go away!! this one is putting away 75% off what I make in a year!!! ..what hope have I got ..this country is a joke ..you have it or you don’t ..and I think more don’t have it then who do ..tax the rich that make over a 100k no the people that our on 30 odd ..like me the wife don’t even make close to that between us …bullshit article fuck the top 8% what about the other 92%
Plenty of us* are making that.
Why aren’t you? There’s a boom on, don’t you know
(*Not me though)
I finally have a pension because I was forced into that new scheme this year 😅😅
These papers now only write for politicians and the D4 class.
Not far off it myself, for those who can prioritising the pension is one of the few benefits you’ll find.