Welcome back to Ireland's award-winning Finance Blog where we are on a mission to share ideas that will have a lasting and positive impact for you. This week were are sharing something a little different, and hope that it hits the mark, that it perhaps gets you thinking and perhaps even encourages you to do something you want to do! It is bigger than personal finance or financial planning, this is about you and your life!

In November each year, for the past 6 years anyway, there has been an 'unconference' called Congregation happening in the small and lovely village of Cong in Mayo. It was created by and organised each year by one man, a guy by the name of Eoin Kennedy, who is a digital communicator, entrepreneur, trainer and all round good guy it seems! Not sure where he got the idea but he gets 80-100 people to Cong every year, from a hugely diverse range of backgrounds to present their thoughts, ideas and debate on various different topics. Unlike a typical conference where you sit and listen to a speaker Congregation revolved around the principal that everyone in attendance presents a piece during the day, and then the groups have an opportunity to discuss what was just said, share their views and get lots of different input from lots of different people. I always find it hard to explain it, indeed I was total at a loss when it was first explained to me by Alan O'Rourke from Bettystown who is a speaker, lecturer, marketer & writer.

Anyway, unlike a typical conference you can't buy a ticket, you can only gain entry by submitting your thoughts on the given topic each year. This year it was 'ideas' so in order to get a spot you had to write, record, create a short piece about 'ideas', and then prepare to pitch that to the group on the day. Sounds daunting to some but this is the most familial, non-threatening and open gathering of interesting and smart people I have had the pleasure of attending in my 38 years! It is an eclectic mix of all-sorts; writers, CEO's, farmers, coaches, teachers, entrepreneurs, educators, inventors, makers, doers and dreamers, and all in it to share ideas and hear from other interested folks, where would you get it!

Thanks For Listening,

Paddy Delaney

QFA |RPA | APA | Qualified Coach

It was in conversation with a friend recently, who has just started working for a new company, that I was asked if I believed it makes any sense to join a pension scheme offered by an employer. He was told that if he put 4% of gross salary into his pension that the employer would put 6% in, totaling 10% of his gross salary. This seems like a reasonable offer from the employer in this Defined Contribution scheme however he had concerns which he shared with me!

Having done a little of his own research he had concerns about the fees that he had read of, concerns about the fact that 'you could get back less than you invest', and the mystery about how one goes about taking the money out at the end. These 3 very real and very common questions and concerns lead to, I guess, many people not engaging with pension, and without answers to those questions I wouldn't blame them for a second!

Welcome to Ireland's double-award-winning Finance Blog and Podcast where we are on a mission to help readers and listeners make decisions which benefit them now and into the future. We thank you for reading and the greatest compliment you can pay us is to tell a friend about us, or drop me a mail here with any ideas or suggestions that would make this site as useful as possible.

In trying to answer the question 'should I join my company's pension scheme or not' it might be worth taking each of the 3 questions, not with a view to finding an answer in the affirmative but a considered and credible answer!

Paddy Delaney

QFA | RPA | APA | Executive Coach

BlackRock Investment Managers conduct an annual piece of research (in the US) of around 30,000 individuals and get their sentiment and preparation for retirement. Obviously it is heavily slanted to the financial. One of the surprising things, for me at least, was that the #1 concern for the majority of respondents was not health or social interactions or purpose, it was 'running out of money'.

I guess running out of money in retirement does bring up all sorts of miserable and unfortunate images in our minds, and that is probably enough of a motivation for us to want to do something about it! Sequence risk is something that can result in us running out of money, and which we covered in a little detail last week, and this week we aim to share some ideas in how to minimise the impact of that very occurrence.

Welcome back to Ireland's double-award winning Blog & Podcast. On a mission to share ideas which will help you both now and into the future. The biggest compliment you can pay us is to tell a friend about us and/or drop me an email here with any ideas, suggestions or feedback.

Thanks,

Paddy Delaney 

QFA | RPA | APA | Executive Coach

We are not talking about death here today, but we will be looking at a thing called Sequence Risk which in my book is one of the most unknown and under-rated influences on your income in retirement. I would go so far as to say that it can have much more of an influence on your retirement lifestyle than the amount that you actually have at the beginning of your graduation out of full-time employment.

Plain and simple this is one of the biggest factors affecting people's incomes in retirement. Essentially this is the very real risk of the order of investment returns you achieve being unfavourable. We will show you how big an impact this has on a portfolio, why you should know about it and begin to explain the very real impact it can have on the legacy that you leave your loved-ones.

Welcome to Ireland's only dedicated and straight-talking personal finance and financial planning Blog. We are on a long term mission to share ideas and raise awareness about topics that impact us all and which will hopefully be a positive benefit for you into the future. Please drop me a mail here with any ideas, suggestions or feedback which would help make this resource as useful as possible.

Thanks for listening,

Paddy Delaney

QFA | RPA | APA | Qualified Coach