It’s time to consider downsizing

It’s time to consider downsizing

A 2016 ESRI report named Ireland the ‘empty-nest’ capital of Europe, highlighting the fact that Ireland has more people living in homes that are too large for their needs than any other country in Europe. As your kids fly the nest, you might be starting to recognise that feeling. Maybe it’s time to free up some cash for retirement.

Read More

Whole-of-life insurance policy that lapses in your 60’s

Whole-of-life insurance policy that lapses in your 60’s

“We are where we are,” a client said to me with resignation recently. That phrase suggests that it just happened that way. There is nobody in particular to blame and that there’s nothing much we can do about it except get on with things. She was trying to explain how she ended up with an expensive, ever increasing whole-of-life insurance policy. Now she finds herself with the dilemma: should be cancel now or try to maintain the policy for ever more? Before you sign the dotted line, understand (all) your options.

Read More

Unnecessarily complicated investments rarely work to your benefit

Unnecessarily complicated investments rarely work to your benefit

Do you have your pension or investments in actively managed funds like Irish Life MAPS? Maybe you don’t even know. Here’s something to give you pause. Active fund managers clock up more fees yet do not consistently outperform the natural, unfettered movement of the stock market. So why do we invest in them?

Read More

Who do you call when you have a big decision to make?

Who do you call when you have a big decision to make?

I am on the other side of a small, domestic building project – an extension. The emotions I went through this time last year as I felt my way around an area I knew very little about were the same as those any of us feels when going through a major change or facing a transition; fear of the unknown and lack of clarity. I know what might help you.

Read More

Consider adding terms and conditions to your will

Consider adding terms and conditions to your will

Passing wealth on to the next generation is a cornerstone of our society, yet it has the potential to go badly wrong. We need to radically change our attitudes to inheritance. In a nutshell, families need to talk more about money.
This article appears in today’s Sunday Times. Be sure to pick up a copy.

Read More

Buying a 182? Forget it!

Buying a 182? Forget it!

If you’ve just put a deposit on a 182 car, don’t read this. Don’t get me wrong. I understand where you’re coming from – new cars are seductive. So shiny, so clean; they even smell great. But when you do the sums, you realise you’re paying a lot for something a good valet and air freshener can recreate.

Read More

When it’s you versus the powerful institution

When it’s you versus the powerful institution

Have you ever had a dispute with a big corporate entity? They can be tests of endurance requiring time and commitment that we often can’t afford to give them. It’s bad enough when it’s a small thing like an unwarranted charge from a phone company but what is the impact on your life of pursuing a financial institution over a matter that affects your ability to provide a living for yourself or your family? This morning I say that you don’t have to do this on your own.

Read More

Simple questions do not always deserve simple answers

Simple questions do not always deserve simple answers

We were asked to answer yes or no to a less than straight forward question on Friday. To sift through the many, layered arguments on both sides and distil all that into a tick in one box or another seems like an oversimplification. It made me think about the questions I get asked about people’s money. There is rarely a yes/no answer. This morning, I’m looking at the classic question “Should I overpay my mortgage?”. The answer is … read on to find out.

Read More

Feel like you were mis-sold an investment product? You have options.

Feel like you were mis-sold an investment product? You have options.

The Financial Services and Pensions Ombudsman (FSPO) came into effect earlier this year and the powers are far reaching. The six year time limit in which to take a complaint has been removed, so customers with legitimate gripes about anything from mis-sold investment products to pension scheme maladministration can revisit past complaints. Feel free to share with anyone you think has an interest in learning more about the newly formed FSPO.

Read More

A little advice and guidance trumps doing it yourself, especially with your personal finances

A little advice and guidance trumps doing it yourself, especially with your personal finances

A very warm welcome to the many new members of The Sunday Supplement this week and my thanks to those of you who read it religiously. The article below refers to a conversation I had with a client recently about DIY. Her and her husband were about to undertake a piece of house work which was creating some tension between them. I’m a big advocate for engaging suitably qualified and experienced professionals. Will they take my advice this time?

Read More