News & Articles

 
A snap shot of the highs and lows of investing

A snap shot of the highs and lows of investing

2021 was a great year for investors. The stock market was just going up for most of the year as the world economy was coming out of the Covid 19 panic. If you had invested in the Global Stock Index, your money grew by 30.98%. Think of that, if you invested €100,000 at the start […]

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Does having a pension make sense if I don't pay tax...at the moment?

Does having a pension make sense if I don’t pay tax…at the moment?

I have a few Irish clients who don’t pay any income tax due to where they are living in the world. But they plan on coming back to Ireland when they retire. A simple investment account would seem the way forward, given that they are taxed in the country they are resident. But what about […]

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Setting short term goals for long term benefit

Setting short term goals for long term benefit

Building wealth is a slow process and usually takes decades to do. This can make goal setting difficult for most people. How does a 30 year old stay focused on the goal of retiring at 60 years of age? They have another lifetime to go through before they get to their goal. Life will change […]

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Are you on the same page about your finances?

Are you on the same page about your finances?

Almost half of all marriages in the US end in divorce. The number one reason given is disagreement about finances. It is quite common for couples to have different views on money and what they are trying to achieve. You don’t have to have the same approaches to money but you need to understand what […]

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Will we have a debt in retirement problem?

Will we have a debt in retirement problem?

The second blog article I wrote way back in July 2013 (we are now on blog 472) was the 6 biggest mistakes retirees make. The number 1 mistake that a retiree can make is carrying debt into retirement. Ten years later and my view hasn’t changed, I still think it is the biggest mistake a […]

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Consumption

Consumption

Packing my clothes to go on summer holidays this year, I was thinking how many pairs of shorts I would bring with me. I had 10 different pairs of shorts and that’s not including sports shorts (I have about 10 pairs of them too 😳). I remember thinking to myself, “I think you have enough […]

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Saving for your kids with a Bare trust

Saving for your kids with a Bare trust

Parents want to help their children out financially in the future, especially with money for a deposit on their first home. They could just gift them the money at the time that their child needs the money. But any large gift that is given to a child should be declared to the Revenue and it […]

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The fear sales tool

A retired client told me at our annual financial planning meeting that the first advisor she talked to told her she would run out of money if she didn’t invest her savings into an investment bond. She has been a client of mine for 6 years now, she has her ARF, her State pension, some […]

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PRSAs take pole position

PRSAs take pole position

The Finance Bill was published on Thursday and it has some interesting bits about pensions. The death of the personal pension From 1 January 2024, you will not be able to implement a new personal pension plan. If you have an existing personal pension plan you can continue to contribute to them until maturity. They […]

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The best experiences

There was an interesting article in The Currency a few weeks ago by Sinead O’Sullivan about what a trip to Sardinia taught her about wealth (paywall). The point of the article was the experiences she got from an inexpensive trip where she was treated as part of the family compared to those who stay in […]

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