There is a lot of posts on social media about transferring your house to your children now instead of leaving it to them when you die. When you do so, you get a right to residence so you can continue to live there. Is it beneficial? Fair Deal The main purpose of transferring your home […]
I was watching All Aboard! Scotland’s Poshest Train which is a journey on the Royal Scotsman train. The scenery was beautiful as the train passed through remote parts of Scotland and the guests were treated to fine dining experiences on their journey. Something you would certainly see yourself enjoying. Then came the price, £7,000 (€8,500) […]
I was asked by a client to give financial advice to her daughter. She is still in college and has a part time job. She has accumulated a decent amount of money for her age and they want me to talk to her on what she should do with the money. Lots of living ahead […]
How much do you need to feel that you have financial freedom? As financial planners, we use very powerful cashflow analysis software to see if you can live the life that you want without running out of money. The software is a great tool but has its limits. We use assumptions to calculate future costs […]
In my house, my wife is the medical expert. I haven’t a clue whether you are supposed to take a disprin, paracetamol or ibuprofen. I tell my wife what is wrong and she tells me what to take. When it comes to the financials, that’s my department. While we do talk about things, she doesn’t […]
Over the Christmas break, I cleaned my BBQs. It was a job I knew I had to do but I left it for a few months after I had done my last cook to get around to it. As you can see from the photo, my smoker was pretty manky and mould had begun to […]
Auto enrolment is looming and the unnecessary complications that have been added to it. The creators of auto enrolment wanted an SSIA style system where people paid in money from their net salary and the government topped it up. They are doing this because people don’t understand how tax relief works on pension contributions. This […]
There was a thread on financial planning LinkedIn of the treatment of businesses, homes and inheritances when creating a financial plan. The original post said that they value all of these assets at €1. As with everything, I do not think it is a black or white issue and you must look at each case […]
I was talking to someone who told me they were in a rented property while their house was being renovated. As someone who recently went through that painful process I asked them what they’re getting done. “Our house went on fire, so we are getting it fixed up.” It turns out that their fish tank […]
There is a subject that is discussed a lot, should I concentrate on paying down my mortgage over investing in my pension? As with most things, the answer is it depends. Not every situation is the same and you have to look at your own circumstances. Large debt If you have taken on a large […]