Archive for the 'General' Category

Salary Sacrifice

Salary Sacrifice

There are often situations where an employee would prefer their bonus to be redirected into something more tax advantageous to them, such as their pension. With the removal of pension funding limits on employer contributions into PRSAs, this has come more to the fore recently. The Revenue are wise to any of the tricks that […]

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Mortgage Interest Scheme doesn't help the real victims

Mortgage Interest Scheme doesn’t help the real victims

The government announced a mortgage interest scheme in the last Budget, which comes into effect at the end of January 2024. The scheme offers savings of up to €1,250 for eligible mortgage holders who experienced an increase in mortgage interest in 2023 than in the previous year. Qualifying conditions There are a number of conditions […]

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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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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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The "free financial review

The “free” financial review

There’s something wrong with my car. There is an engine warning sign came on first. Then the Add AdBlue sign came on. Despite putting about 15 litres of the stuff in, it won’t go off. I brought the car to my mechanic. He couldn’t fix it and said he doesn’t have the equipment required to […]

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Inflation – a new base line is set

In August 2017, the footballer Neymar moved from Barcelona to PSG in a move that shook the football world. Barcelona had a massive buy out clause of €222 million in the player’s contract. A figure so high that it would put club’s off bidding for one of their star players. But in the new football […]

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What kind of advisor do you want?

I have been working as a financial advisor for 25 years. I have been an “old type” advisor, charging high commissions to reach my sales targets. Thankfully, for over half of my career I have been a “new type” advisor, working for my clients and getting paid for the work I do. While the industry […]

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Are banks in trouble again?

I wrote at the end of March about the collapse of three banks; two in the US and one is Europe. Last weekend, we saw First Republic Bank taken over by JP Morgan in a merger that was rushed through over a weekend. It is not surprising to see more banks collapse after ones of […]

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Enjoy the moment

Enjoy the moment

Life is about experiences, not possessions. It is about being able to recall about things that you have done in life. In saying that, I was one of the lucky 18,500 crammed into the RDS on Friday night to see Bruce Springsteen play what could be his last tour. Given his age and the energy […]

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The obligation of debt

The obligation of debt

Warren Buffett and Charlie Munger had a third partner, Rick Guerin. Like his partners, Guerin was a great investor but he was in a hurry to get rich. Where Buffett and Munger knew that in time they would become wealthy, Guerin leveraged up his investments. When the stock market fell 70% in 1973-74, he got […]

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