Paddy chats with Ireland's former Pensions Ombudsman, Paul Kenny. Paul remains an active member of the pension profession in Ireland. Among other roles he is remains a Programme Leader in the Retirement Planning Council. In this episode he shares his insights about the following relevant topics:
- Keeping track of your pensions when you move employments
- Ensuring your ARF gets treated as per your wishes
- Impact of ARF values on your eligibility to allowances
We hope it is of value, and please do spread the word with anyone you believe needs to hear what he has to say!
Paddy Delaney Informed Decisions
Should I buy property with a pension? Ever wonder what the pros and cons are if you did decide to establish a pension property? Is having a pension property a good idea? Hopefully this will help. In the short piece we will share:
Paddy.
1st April 2020 will bring with it the dawn, or the dusk of 'Independent Financial Advice' in Ireland. I really have no clue which way it will go! At least initially, finding an actual living, breathing and practicing 'Independent Financial Advisor' in Ireland may be like the proverbial hen's tooth. (Wouldn't that be a novel name for a Financial Advice firm - 'Hen's Tooth Independent Financial Advisors'!).
I hope it helps in some small way.
Paddy Delaney Informed Decisions
'Are Equities For The Scrap Heap'? I feel compelled to nail our colours to the mast at the outset. I am always open, and deliberately expose myself to contrary thinking, the fact remains that Equity investing has delivered the greatest outcomes for patient and long term investors. That fact will have come into question in people's minds in recent weeks, so I'm going to share with you in this short piece exactly where Equities are right now - and encourage you to decide for yourself.
Paddy Delaney
What to do with my investments and Pensions in a declining Market? Absolutely Nothing. That is all.
Listen-on for a 'slight' elaboration!
I hope you are keeping well - that must remain a priority.
Paddy Delaney
This week, following a recent conversation (there I go with 'conversations' again!), we share a detailed analysis of the Davy GPS Funds. You may be thinking of investing, or are already invested, via pensions or investments.
Either way, we share insights on what are they, what's in them, how they compare to their competitors, and how they have served investors that have entrusted their funds in them.
I hope it helps.
Paddy Delaney
Warning....The value of your investments will rise and fall. You could get back less than you invest in any investment. But you knew all that! All info correct at time of analysis early March 2020.
Welcome back to Ireland's award-winning Financial Planning Blog & Podcast. This week we were excited to chat with return-guest, Derek Bell of the Retirement Planning Council (RPC).
In this episode Derek and Paddy explore and share insights on:
- State Pension changes
- Income Tax in retirement
- RPC courses & supports
- Common retirement planning mistakes
- Retirement spending Do's & Don'ts
- Retaining control of your Time in retirement
And more!
We hope it helps.
Paddy Delaney
This piece is inspired by some recent conversations. These conversations have got me thinking about Financial Independence. It also reminded me how much I love conversations with other people - how the words that other say can have such meaning and depth to them, it's quite a thing! Thanks too to the recent iTunes Review-leavers - such positive words of recommendation and encouragement, thanks!
Perhaps you have already reached Financial Independence but you just haven't realised it yet! Or perhaps you are afraid to consider it!
I hope this gets you thinking a little.
Paddy.
What is the relationship between life and your money? Listen to this conversation we had with George Kinder to hear more about Life Planning.
For years I have been fascinated about how our relationship with money influences what we do, and don't do in life. So much so that I have begun my own journey to become a Registered Life Planner, to compliment my technical financial qualifications and experience.
I was delighted to chat with George Kinder, the 'godfather' of Life Planning within Financial Planning circles, and to share how it can help us all.
I hope you find it insightful and useful in your own life/financial planning.
Paddy.
Links:
What is the relationship between life and your money? Listen to this conversation we had with George Kinder to hear more about Life Planning.
For years I have been fascinated about how our relationship with money influences what we do, and don't do in life. So much so that I have begun my own journey to become a Registered Life Planner, to compliment my technical financial qualifications and experience.
I was delighted to chat with George Kinder, the 'godfather' of Life Planning within Financial Planning circles, and to share how it can help us all.
I hope you find it insightful and useful in your own life/financial planning.
Paddy.
Links:
What is the relationship between life and your money? Listen to this conversation we had with George Kinder to hear more about Life Planning.
For years I have been fascinated about how our relationship with money influences what we do, and don't do in life. So much so that I have begun my own journey to become a Registered Life Planner, to compliment my technical financial qualifications and experience.
I was delighted to chat with George Kinder, the 'godfather' of Life Planning within Financial Planning circles, and to share how it can help us all.
I hope you find it insightful and useful in your own life/financial planning.
Paddy.
Links:
This week there have been two 'big news' revelations about Irish Commercial Property Funds, neither of which will be deemed positive. This media coverage has many thousands of investors very concerned and dare I say, anxious.
In a break from tradition, I am engaging in current market events, in the interest of helping ease some anxiety for investors. This week we share some ideas and experience which might be useful for anyone who has concerns about their investments in Irish Commercial Property Funds, whether through your pension or investments. I hope it helps.
Oh, so as to be totally clear, a couple of comments on where we stand on these funds.
Firstly, whatever about investing directly in bricks and mortar or via a clients' pension structure, Commercial Property Funds are not something we engage with for our clients (partly due to the very things that are currently happening to investors in them)
Secondly, we have zero professional financial planning relationship with any of the companies that are getting the brunt of the media coverage this week. We are on the side of the investors on this one. This is a message aimed at giving some context for investors that are 'in the eye of the storm'.
Paddy Delaney QFA RPA APA
Many of us hear about Financial Independence, and it being a distant objective. But does it have to be a distant objective?? This week we chat with Kelvina Galavan (Mrs. Smart Money) about her journey, and how she, her husband and kids have begun living on their own terms. They took control of their finances, and are reaping the rewards!
I hope you enjoy the chat as much as I did!
Mrs. Smart Money website
Paddy Delaney QFA RPA APA
As of March 31st 2020 new Central Bank of Ireland rules will mean that only a financial advice firm that does not receive commissions from sales of products will be entitled to state they are an 'Independent Financial Advisor' in Ireland. These firms (of which Informed Decisions is one of a handful in the country), will be entitled to use the term 'Independent' in describing their service. That will see quite a few firms which currently use the term Independent having to get websites altered and cabinet-fulls of marketing materials re-printed. It is intended, I understand, to help consumers more easily identify what type of advice they are likely to receive, based on the firms' description. I've said it before and I'll say it again, there are hundreds of really great advisors in Ireland - irrespective of what title they go by. You and your financial future stand to do far far better with even an average advisor than with no advisor - that fact has been proven time and time again.
Anyway, back on track, this week I hope to share with you 5 signs that suggest you need to engage an Independent Financial Advisor. The 5 signs that I am about to share, while I might like to think so, is not an exhaustive list, and is based on my own experience working with valued clients directly, and also with Independent Financial Advisors across the country. Everyone will have their own individual motive and driver for seeking financial advice, but the following will perhaps help guide you if you find yourself with one of these headaches.
A lot of folk, mostly at the encouragement of some advisors, decided to invest in Absolute Return Funds in Ireland. While they promised a lot, many of those same people are now questioning the decision to do so. This week, on Ireland's #1 Finance Blog & Podcast I hope to help you understand what they are, why their performance have been pretty rubbish, and whether they are worth staying in or not! This is an un-biased(ish) review of absolute return funds in Ireland. I hope it helps.
Paddy Delaney QFA RPA APA