Author Topic: S.O.S -- Good plan?  (Read 604 times)

level_newbie

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S.O.S -- Good plan?
« on: May 19, 2018, 09:07:42 PM »
Living and working internationally. Plan on retiring in Europe. Have bought a house, paying a percentage of it before we get it then will need a mortgage.

Saving 2600 eur a month. Currently our plan is more or less this:

We are putting nearly all our savings towards paying for the house we have bought in europe. We plan to do this until we get the mortgage which will be in June 2019. Then we wont need to put all our savings towards the house.

Then we plan on investing in an ETF portfolio of low cost index funds. Currently we have 3000 eur invested already. We would then invest more into our portfolio, every 3 months or so.

We also plan on opening government pension funds in our European country, we have inquired and it seems like it is possible for us to contribute even if we are living overseas but we can only contribute the minimum.

What else would you recommend? Are we on the right track? We are both 33 years old.

We are looking to move to a cheaper apartment (rent) so we can save more money.

At the moment we are making 5600 euros a month and saving one salary and very little from the other so really only 1.

Thanks, any thoughts, advice would be greatly appreciated!

Paul der Krake

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Re: S.O.S -- Good plan?
« Reply #1 on: May 19, 2018, 09:50:27 PM »
Welcome to the forums!

Sounds like a plan to me, even if vague. Not sure why you are putting all your savings toward the house though.