Make a list, check it twice for 2019

Make a list, check it twice for 2019

As we head into the final furlong of 2018, it’s time to consider what action you are going to take in relation to your personal finances in early 2019. This morning I am looking at four areas that need your attention.

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Long life is great, but ill health can quickly change that

Long life is great, but ill health can quickly change that

You probably heard in the news this week about the TILDA report on aging in Ireland which found that life gets better as you get older – well, up to the magic age of 68 anyway. It’s actually a really interesting report – I’ve given a link to a summary of the report in the newsletter – but for me it throws up an existential question. I’ve put forward my view and I’d be curious to know yours.

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Forget about Mam, we need to talk about you

Forget about Mam, we need to talk about you

Brendan Courtney’s TV programme We Need to Talk about Mam posed a couple of great questions for children of aging parents. But it also exposed the underlying fact that some of the younger generation have little interest in being “burdened” by their aging parents. What are you going to do if you find yourself in a similar situation to Nuala?

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4 Questions to ask your financial adviser

4 Questions to ask your financial adviser

Nobody cares about your money as much as you do. It’s one of the golden rules of personal finance. The next best thing is somebody you can trust who has the expertise to be able to solve whatever financial issues that might arise over your lifetime. So what rigorous selection process do we put potential financial advisers through to find the right one? Here’s how it works:

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The key to a happy marriage? Make financial decisions together

The key to a happy marriage? Make financial decisions together

“Oh, this old thing, I’ve had it for years!” In a report from UBS Wealth Management, both men and women admit to lying about money to their significant other. This is certainly not breaking news, but it may lead to strife in a relationship. The solution? Make decisions about your finances together.

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How to know the difference between speculation and investing – turn down the noise

How to know the difference between speculation and investing – turn down the noise

Lehman Brothers failed 10 years ago this weekend. The contagion effect wiped out pension funds, the property market collapsed and investors ran for cover. But much of the narrative around the financial services industry is nothing more than noise. Can you tell the difference between sound advice and noise?

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Things to consider before buying property through your SSAP

Things to consider before buying property through your SSAP

“I want to buy a property through my pension” came the statement from my client. “Okay, but what’s the ultimate goal?’, I asked. “Return” was the answer. We delved a little deeper and it turns out the client shuddered to think about the hassle attached to owning rental properties. If you want to buy a property for “return”, you may as well familiarise yourself with all the options especially through a pension structure.

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If you think marriage is expensive, try divorce

If you think marriage is expensive, try divorce

August is one of the top months for divorce filings. Though somewhat uncommon in Ireland, divorces and separations do take place, often times leaving the parties emotionally drained and in poor financial health. This morning, I point out a couple of the pitfalls to be aware of and one big take-away: after a good solicitor, get a good financial adviser.

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If in doubt, do something.

If in doubt, do something.

There’s a reason why all the personal development and leadership coaches talk about the importance of taking action. Taking action breaks a mental deadlock. It helps us form habits. It gives us back control over an issue that may have us by the throat. This week we are looking at visual aids as a valuable tool in managing your personal finances more effectively.

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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.

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