Hello dear listener. As promised we have Niall Tinney, founder, and creator of Elder Care Finance joining us for an interview. 

Niall is going to share his own learning, his own experience, and really deep insights about what you need to know when it comes to planning for elder care. Whether that’s home care or indeed nursing home care. 

• He’s going to share information about the application forms
• The considerations you need to make when it comes to your planning. 
• We’ll take a look at the Fair Deal Scheme 
• The nursing home loan 
• Concepts around availing of tax relief when it comes to paying for all of this. 

I do hope that this is the start of a journey for you to ensure that you’re prepared for navigating this if it is something that you or a loved one might need in the future.

Thanks

Paddy

Many people are dubious about giving a large gift to adult children. If you find yourself having relatively significant amounts of assets, and adult children, this is for you.

In this piece, I share with you 4 smart ways that might allow you to be both tax efficient and supportive (in the right way) to your adult children.

Greetings hope life is good. In this week’s episode, we are back with another interview. This week we chat with John Swolfs. 

John is kinda unlike a lot of the interviews we’ve done in the past when it comes to people from the world of financial services. John is an organiser of a lot of events. He is organising the Future Proof Festival in September of this year, which happening in California. 

He is originally from America and has worked with Blackrock and Barclay’s Global. He was the CEO and Vice President of Inside ETFs, so has a depth of knowledge about ETFs. And he is now the CEO of Advisor Circle. 

He brings a real cutting edge view and outlook on things. Which is something that we probably haven’t had before. 

We touch on:

• ETFs
• Bitcoin
• Advisors
• Financial planning

He is a really interesting guy and I do hope that you find it an interesting conversation and that you get some nuggets from it. 

Thanks,

Paddy

Future Proof Festival: Home - Future Proof (advisorcircle.com)

John Swolfs: John Swolfs | LinkedIn

Financial Media Executives Matt Middleton, Josh Brown, John Swolfs, Barry Ritholtz and Matt Hougan Announce ‘Future Proof,’ a Groundbreaking New Wealth Festival | Business Wire

One of the biggest concerns for most people as they approach retirement is ‘Have we enough to retire?’

One of the biggest concerns for most people as they approach retirement is ‘Have we enough to retire?’. There are a lot of variables (which we will outline shortly), but one of the most significant over the course of a three-decade retirement is the amount that we will spend. This week we share:

• The variables to consider when exploring the question, ‘Have we enough to retire?’
• The latest research on how our spending changes in retirement
• Some practical things to help you achieve positive long term outcomes

Finally, here are a couple of handy tools and insights that might help you in your own planning.

• Calculate your tax: free online calculator here PWC Income Tax Calculator
• CCPC Budget and Spending Tools here
• Our interview with Fritz Gilbert on the ‘non-financial aspects of retirement that many people miss‘
• Our ‘When To Take My Pension‘ Article
• Our ‘Investing In Later Life‘ Article
• Economic & Social Research Institute Report On Spending In Retirement
• Our Services for those approaching retirement

Thanks,

Paddy

Hope you are well, hope all is good. We are back with part 3 of our listener’s journey with William Lacey.

William has been sharing his journey with us as he transitions from full-time employment and his concerns, his hopes, and considerations for the future.

In today's episode, William shares his progress on the following three areas:

• His financial arrangements
• Decisions on how to successfully exit his business
• Considerations on where to reside, and what interests to pursue

Thanks,

Paddy.

Award-winning Blogger and successful recent retiree Fritz Gilbert shares with us the financial and non-financial aspects of planning and executing a successful retirement.

Fritz discusses:

• Financial ‘Bucket’ strategy to manage their finances
• The 90/10 Rule of Retirement
• Finding purpose and structure once you pass the ‘start line’
• The importance of having freedom and choice in retired years
• How to ensure you will ‘have enough’ money to retire

Thanks,

Paddy.

Hello, I hope you are well, I hope you had a fantastic Easter time. We’re back at the coalface and loving it. Speaking of coalface, we have today a guest who is at the coalface of the legals of pension changes in Ireland. 

We have a partner of a law firm and he specialises in pensions and what is going on with pensions in Ireland.  And it is very, very relevant, indeed to everybody, but particularly those that have established net worth in pension pots.

We look at this from both a PAYE, so an employee’s perspective but also those who might own or run small or medium businesses that typically have Small Self Administered schemes or Executive pensions. So it hopefully answers a lot of questions for all of those individuals. So, I certainly do hope that this conversation with Stephen Gillick is helpful to you. 

Stephen Gillick | Irish Business Law Firm LLP Mason Hayes Curran (mhc.ie)

The Pensions Authority - Welcome to the Pensions Authority

Financial Services and Pensions Ombudsman (fspo.ie)

The Only Plane in the Sky: The Oral History of 9/11 by Garrett M. Graff | 9781913183417. Buy online at Charlie Byrne’s

Merry Easter dear listener, I hope you’re well and I hope you had copious amounts of chocolate or not as the case may be. I’m taking a bit of time out over the Easter Mid Term break to hang out with the kids, have the craic, and of course, help them eat their Easter eggs. That is my duty. That is my calling at Easter time. 

Welcome to podcast 221, which we are pre-recording. And which you are getting to listen to a bit of bonus content. Something a little bit different than the norm. It is a really interesting interview with the director of coaching from a company called Win Without Pitching. A US-based pricing strategy, value recognition, company. If that means nothing to you, bear with me and bear with this conversion.

I do believe that the concepts, and the thinking that Shannyn Lee is about to share with us in this podcast interview which was recorded in 2021, will help everyone. It was released as part of the Tribe podcast series last year. 

We’re re-releasing it to the general public today because I believe there is so much value in this for everybody. The concepts and thinking will encourage all of us to really consider our value. 

Give it the 40 minutes and let it stew in your brain. I guarantee you, if you’re open to it, it will help you in some way, shape, or form. 

Thanks

Paddy

One of the big questions that people we work with ask is; ‘where will we live and enjoy our retirement decades?’.

There is no set of accurate answers to that question – finding the right solution for you requires exploration, discussion and tangible planning.

We are joined this week on the podcast by Mary Conway of Janus Estates, who does this for a living.

As Ireland’s first Certified Senior Move Manager, Mary shares with us some of the biggest considerations people need to make when they look at their options.

I hope it helps,

Paddy.

https://www.irishtimes.com/business/construction/bartra-plans-blackrock-build-to-rent-scheme-for-older-people-1.4844427

If you are approaching, or indeed planning for retirement (exit from full-time employment) you may benefit from knowing about a strategy which can be both financially and emotionally beneficial; move from Company Pension to PRSAs.

While certainly not a strategy that will be beneficial to everyone, in the right scenario, it can be very much so. This is very different to the more common strategy of moving your Company Pension to a Personal Retirement Bond (PRB/BOB) when you leave a company - which doesn't change anything materially from a strategy/planning perspective.

Hope you are well, hope all is good. We are back with part 2 of our listener’s journey with William Lacey. 

In the first episode, 214, William and I chatted about where he’s at, why he’s doing this particular episode, and series with us as he transitions out of full-time employment. He shares his concerns, his hopes, considerations, how it applies to him, and how his thinking and planning evolved over time. And I’m sharing it because it's a very relevant topic and it's interesting to see a live test case, so to speak, evolve in front of our eyes and share that with you dear listeners.

Plan for the worst and hope for the best. Everyone is only talking about one of two things at the moment, either a disease or an invasion. However, there are other, much more closer to home events that we ought really be prepared for, but of which few have been giving much thought to, including yours' truly.

If you are heading towards retirement with zero pension planning done, this piece might help.

"Daddy, the lady at dancing class had toes coming out of her eyes and coming out of her ears!".

That's what 4 year-old Emily told me yesterday through rampant giggles, and I'm not one to disagree with her! One big observation of recent years as a parent - is the wonderfully wild imaginations that kids can have. Depending on what they may have been absorbing recently, whether it's Harry Potter stories or something lighter, such as 'Cocomelon' nursery rhymes, their minds can take a perfectly mundane daily event or encounter and turn it into a wild and scary thing. It's a wonderful privilege to see and hear it in action. The tangible impact of their imagination running mad are little or none, at least in the short term! The imagination does not usually cause an action or event to occur.

However, the same cannot be said of the imagination of us adult investors, particularly in the face of actual horrific world events, and subsequent detailed coverage of market movements. Reading the home page of any media outlet over the past week may well have had you terrified about your finances, even on days when the markets movements were up! That is their intention - to keep you clicking and reading. Clicks = Revenue, never forget!

This week we kick-off our podcast series where we share the journey of listener and client William Lacey, as he exits full-time employment.

This is a topic close to many listeners’ hearts, and William has offered to help us share insights that will help others.

William will join us every 6/8 weeks over the coming 12 months.

Each episode will see William and Paddy discuss William’s thinking, actions, priorities, concerns and outcomes as he transitions from full-time running his business.

This week hear his background, where he is right now, and the topics that are next on his list to clarify and decide-on.

Aside from deciding to actually accumulate money for your post-work living, the decision about 'when to take my pension benefit' is the biggest financial life decision that many of us will need to make. It is akin to breaking open the cookie-jar that we have been diligently accumulating for decades. For many, it is an emotional and financial conundrum, that I hope to help with. A combination of academic research and supporting people in this phase of life has given me some insights that I share here, and which I hope will be even somewhat helpful to you. No single article can address all that needs to be considered fully but the aspects we'll explore today in this questions of 'when to take my pension' are;

• The basics of taking pension benefits
• Tax & Income factors to consider
• Investment/return factors to consider
• Personal factors to consider

In this weeks' (really) short piece I'm going to share with you a couple of thoughts about investing in later life; for those that may be in the final decade or two. Key things covered this week:

• A new way to look at long term investing in later life
• The madness of only investing in 'low-risk' as you age

I hope it helps you or a loved-one.

Paddy.

Trust, they say, exists at the intersection of 'Character' and 'Competence'. In this week's piece I'm sharing a short story about a fictional accountant (Steady-Eddie), a fictional Financial Advisor (Friendly-Fiona), and you!

Through this short story we'll look at at trust, and whether it is deserved or not, and we'll look at the murky world of unregulated financial advice and unregulated investments in Ireland. Before I start, I want to reiterate that I know and trust quite a few accountants and financial advisors!

I hope it helps.

Paddy

Financial Independence, when you hear it, often means different things to different people. For some, it's having more money/assets accumulated than they'll ever be able to spend - for others, it's having regular and reliable income that'll cover their every future need. For others, it's removing as many on-going expenses as they possibly can. Whichever way you look at it though; it almost always goes hand-in-hand with being confident about your financial independence. It is one thing seeing it on paper, it is another to actually believe it and have conviction that it is so.

This week I want to share some brief yet impactful nuggets from a legendary book called 'The richest man in Babylon', which details one man's journey to Financial Independence. I share these nuggets in the hope that it might add another layer of confidence and clarity in your own Financial Independence.

Paddy

This week I share evidence & facts about investment returns, and also invite you to ask yourself an important question! Our agenda for this first piece of 2022:

• The investments returns you should have got in 2021
• The investments returns you will get in 2022!
• Another way to think about 'New Year Resolutions'

Paddy.

Hi,

I'm delighted to share with you a conversation I had recently with UK-based Chartered Financial (&Life) Planner, Justin King. He shares his experience on:

- How to financially prepare to 'transition' to retirement

- Life-Planning's role in considering our priority & future-selves

- Justin's views on optimal Investment Management approaches for retirees

Hope you find it interesting,

Paddy

Justin's Youtube Channel

MFP Wealth Management

Justin's Book 'Ready, Steady, Retire'...FREE!

Retirement Cafe Podcast

Hi,

It is a sad state of affairs when we have to rely on individual authors and thinkers publishing books and articles, in order to help the youth of today to develop financial wisdom. Yet, here we are!

Despite sounding very negative, I was delighted to speak with such a thinker and author, Will Rainey (former Pensions Actuary!). In our conversations he shared his ideas on:

- Helping kids to save, spend, & importantly to invest

- Investing for younger and older children

- What he believes is the optimal approach to investing

- How he transitioned from being in 'high finance' in UK to moving to rural Vietnam with his family!

Hope you enjoy the chat.

Paddy.

Dennis Harhalakis - The Money Coaching Institute

Blue Tree Blog

Tim Ferriss and The 4-Hour Workweek (fourhourworkweek.com)

This week we share a few nuggets that I hope will offer clarity and assurance on a few key aspects of our investment and pensions planning;

-Important changes to pensions in Ireland coming into force

-An update on Active Manager performances

-The link between balance and longevity!

I hope it is useful for you - I sure enjoyed doing it!

Paddy.

This week we bring you the David Worrell Interview - where we discuss all aspects of Investment Platforms in Ireland.

David is head of relationship management at Conexim Investment Platform in Ireland and shares his insights on the following:

• The rise of platforms in UK/USA - and subsequently in Ireland
• What platforms actually do - processes and people involved
• Pros & Cons for investors versus other routes
• Are Investment Platforms 'safe'?
• Navigating tax regimes for investors
• Transparency issues and opportunities for Irish investors

Hope it helps,

Paddy.

Robin Powell is a force within the investing world - on a mission to inform the public and financial advice firms of the facts of investing. I was thrilled to have him back on the podcast, having spoken to him in Episode 76 a life-time ago!

In this episode, we discuss:

- His progress in dispelling investment myths & educating investors

- The role of regulators in making it better for retail investors

- What investors should focus on & what they should not focus on!

- The Advice Gap in the UK and other countries and how it may be fixed

- A great book!

Hope you enjoy.

Paddy.

Invest Your Way To Financial Freedom Book

Evidence Based Investor Website

Adviser 2.0 Website for advisers 

4,000 Weeks Book Recommendation

SPIVA Reports