I was speaking to a new client last week who told me that he didn’t want a pension. That’s fine with me, some people don’t believe in pensions. So what was the plan to provide an income in retirement? There wasn’t going to be a retirement. He loved his work and he couldn’t see himself […]
Over the last two weeks we have explored Annuities and Approved Retirement Funds. Today we will talk about the last retirement option available, taxable cash. What exactly is taxable cash? As the name suggests, it is taking a lump sum of cash (above that of your tax-free lump sum) at the point of retirement and […]
Last week, we started Retirement Options Explained with Annuities. I am going to continue this week with telling you about the Approved Retirement Fund (ARF) option. The ARF was introduced in 1999 and has gone through a number of changes over the years. What is an Approved Retirement Fund? An Approved Retirement Fund is an […]
In the past, when you got to retirement age, it used to be very simple. You got a cheque and then you started to receive an amount into your bank account every month instead of your salary. Now, you can either: Purchase an annuity Invest in an Approved Retirement Fund Take it all as taxable […]
I recently watched the Ric Elias TED talk. Ric was a passenger on the plane that crash landed in the Hudson River where everyone walked away. In the seconds between the captain announcing “Embrace for impact” and the plane hitting the water, Ric learned 3 things about life. 1. It all changes in an instant […]
Budget 2014 has been moved forward to October 15 and the Finance Bill is due to be issued 7 days after Budget Day – in or around October 24th. Therefore the drafting of the Bill will have already started. I look at how pensions feature in Budget 2014. The €60,000 pension cap is likely to be […]
Clients ask me quite a lot to explain what their particular life cover plan does (besides pay out if they are dead), so today’s blog is an explanation to the different kinds of life cover and bells and whistles that you can get today. The plans I deal with today only pay out on death. […]
Do you ever wonder how much do I need to make so I can live the life I want? I get asked it all the time. In response, I always say “what do you want to do and when do you want to do it?” Most people have never thought about it, just taking life […]
I has the misfortune of being in an auditorium with about 35 people who invested with Custom House Capital. The first thing that stuck me was their ages, the vast majority of them were 60+; a time when they should be enjoying retirement and not sitting in a windowless hall to find out if they […]
PPP, EPP, PRSA, AVC, PRSA AVC, SSAS, ARF, AMRF, OPS. Confused yet? You should be. These are different kind of pension plans yet they do the same thing. Pensions used to be fairly simple have become very confusing over time. So, how do these different pension plans work? In its simplest form, a pension is a […]