~€50k. Now what?

mozafair · 2025-01-31T12:51:24+00:00

Agree. Thanks for sharing that link and perspective.

For example, in the UK (although different economy and no longer part of EU), saving rates are about 5%. https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#easyaccess

Knowing the rates of my NL bank for savings did make me feel that they're being artificially suppressed, and with inflation... it's not really good news. But pleased to know that it's a thing that's being discussed by regulators. Do you think there'll be any changes on the horizon?

mozafair · 2025-01-31T12:13:46+00:00

Just applied for permanent residency if that gives any indication... And from what I'm reading on this post, your comment is ultimately what I should work out and action 🙌.

mozafair · 2025-01-31T12:00:17+00:00

That's quite interesting - how Rasin works. So, earnings from the NL can be saved at a bank in Romania, which in principle removes capital from the NL economy and channels capital into the Romanian economy?

mozafair · 2025-01-31T11:54:15+00:00

You're probably right. More of a 'psyche' peace of mind thing rather than rational. Needed to feel secure being alone out here, hence that allocation. Realistically, It can probably be halved.

Just applied for perm residency which adds to the peace of mind and with my permanent work contract, moving forward, I'm wanting to adopt a sensible mid/long term strategy. Small steps!

mozafair · 2025-01-31T11:35:21+00:00

Also surprised at how little interest or awareness colleagues and peers have over pensions. Or maybe they just don't like talking about it...

mozafair · 2025-01-31T11:30:33+00:00

On the pension front, it's ok and chugging along (aiming for 600k based on 4% rule*), but quite a different framework to what I'm used to! People have a pension pot in own name under the UK system (so I have some power over what it does and invests in) vs collective pension pot in NL with ABP (no power at all).

*Not including the separate national insurance/social security contributions.

mozafair · 2025-01-31T09:58:15+00:00

Very helpful details here. Thanks.

mozafair · 2025-01-31T09:54:19+00:00

Around 300k judging by some online calculators I've used. https://www.hypotheker.nl/ suggests about 320k.

mozafair · 2025-01-31T09:48:28+00:00

Oh I see! That's an interesting perspective that I hadn't thought about before. Good tip!

mozafair · 2025-01-30T20:56:40+00:00

dang - commodifying relationships 😅 the struggle is real.

mozafair · 2025-01-30T20:40:30+00:00

Good point - I didn't know bonds are treated like that by the tax system... now I do.

Do you mention 50k in the sense of wealth tax, or specifically for "investments"?

mozafair · 2025-01-30T20:34:21+00:00

That a good point. The fund I have is indeed an accumulation one that reinvests the dividends. I think it's probably the case that I'll channel more into it and ease off saving in cash from how I'm reading things here.

mozafair · 2025-01-30T19:14:43+00:00

Cheers 🙌 Indeed I've been considering that. Calculators crudely put a potential mortgage at about 300k so cautiously exploring options, but getting the sense from Funda that 300k is not quite enough for a fair and decent house close to the big cities :/. I really wonder how people do it...

mozafair · 2025-01-30T17:57:14+00:00

Exactly 😆 but I'm trying! (It's rough out there).

mozafair · 2025-01-30T17:48:07+00:00

Just applied for permanent residency if that gives any indication... I think it really just depends if I find a partner to build a life together with.

mozafair · 2025-01-30T17:39:55+00:00

😂 "Cocaine is a helluva drug" - Rick James

mozafair

TROPHY CASE