Blog posts in the category:

“ Investing ”

How Much Do I Need in a Pension to Retire Comfortably?

Well, the simple answer to that depends entirely on the amount of income you want each month when you retire, over and above the state pension. The more you want, the more you will need to have in your fund so the starting point to any retirement plan is figuring out what this number is for y...

Mar 25

The Time Value Of Money and The Benefit of Investing Early.

Time. It's the single most valuable thing we all have and the only thing in the world that you can't buy more of. If you're just starting out on your career then starting a pension might not be a big priority. But the thing to realise is that time is the single biggest investment advantage ...

Jun 13

The Magical Power of Goals and Why €400,000 is a Great One to Have.

Goals have the power to transform your life if you have something you’d like to achieve. But in order to set an effective goal it needs to be purposely designed so that; - There is a strong emotional reason for attainment, - It has a clearly defined outcome, - A specific deadline for achieve...

May 07

A Pension Fund or an Investment Property. Which is Best For Me?

You’ve already made the decision to start building your wealth for retirement. Now it's a matter of deciding which route to take. "Do I start a pension or should I buy an investment property?" Well, as long as you actually do one of them, then you’ll be m...

Apr 30

Self Employed? Here’s One Simple Change to be a Better Pension Investor.

Operating as a sole trader can make retirement planning difficult because the lifestyle itself can be very unpredictable. Most contractors, freelancers and professionals make one single pension contribution each year right before the tax deadline in October. The problem with this is that the c...

Apr 24

But Pensions Get Heavily Taxed in Retirement, Right?…Wrong!

"Were you told that any tax breaks you get with a pension get taken back when you're retired?" If you were, then you've been had because it's a complete myth. It's a myth because the proponents of it don't account for a very fundamental change that takes place when you turn...

Apr 16

“Am I on Track For Retirement With What I’ve Saved at my Age?”

What do you think? Most people aren't because sticking to a long term retirement plan isn't easy. But, like most things, the real difficulty is getting started. Your retirement might be a long way away or just around the corner. Either way, funding it is a pro...

Mar 29

2 Easy Ways to Ensure Your Pension Fund Keeps Pace With Inflation.

Inflation is often described as the silent assassin of wealth. It's the biggest single threat to your future wealth and many people just aren’t aware of how significant a risk factor it actually is. Well, it is and when it comes to your pension, it’s critical that you know about it...

Mar 16

How Compound Interest Works And Why Pensions Uniquely Benefit From it.

A = (rp x m) x ((1 + r/n)^(n × t) - 1)/(r/n))+ p × (1 + r/n)^(n × t). This is the convoluted formula that determines the lifestyle you have in retirement via an Irish pension fund. There are several components to it and each one needs managing so that you reach this stage of your life in the be...

Feb 12

Picking the Right Investment Strategy to Reach Your Financial Goals.

With so many providers, platforms, funds and products it can be an exhausting process trying to make sense of them all. But, broadly speaking, you have 3 main options when it comes to the management of your pension. Some require substantial time commitments, while others run on autopilot so it'...

Feb 11

Deposit A/C or Pension? Here’s 5 Ways to See What’s Best For You

Despite the tremendous gains made by the markets over the last 11 years there is still over €108 billion sitting in deposit accounts in Ireland. This came up in a conversation with a friend of mine recently who still declared that he would be better off putting €1,000 a month into a deposit ...

Feb 03

6 Critical Things You Need to Get Right to Hit Your Retirement Goals.

Retirement planning is a numbers game. An evolving one that requires active participation to manage the many variables that exist. Finding the right balance between them means making tradeoffs so it's important that you make the best decisions you can with the information you have. But, the good ...