How to protect your savings from the ravages of inflation

Protect savings from inflation

That old chestnut — if your money is neither invested nor earning interest then it is losing value — is sometimes a little hard to digest. It would be a lot easier if the figure you saw on your bank balance reflected your money’s purchasing power, because then we would all have more clarity. But….read more

Financial Advice: Why it always pays to avoid the wolf in sheep’s clothing

financial advisor

“Matthew McConaughey’s broker in The Wolf of Wall Street, right, tells Leonardo DiCaprio that all he cares about is taking money from his clients” The financial advice sector is a bit of a smorgasbord. There are financial advisers, there are financial planners and there are brokers, all of whom provide financial guidance in one form….read more

Will the next generation be able to afford to retire?

Q: ‘The rent from a flat I let no longer covers my mortgage. Must I sell?’  I have a two-bed apartment in Dublin that I bought during the Celtic Tiger with a tracker mortgage that’s 1pc over the ECB rate. The property is in a Rent Pressure Zone and the monthly rental income is €1,500…..read more

From paying legal bills to dividing up property and pensions – how much does a divorce cost?

Q: I’m 55 and I’ve had a significant portion of my pension savings invested in an equity portfolio for the last 15 years. This year, with volatility across the markets, my annual return has been negative. I had hoped to retire in ten years, so I am worried I will lose more of the savings….read more

Should I cash out of the markets now to stave off further equity losses?

Q: I’m 55 and I’ve had a significant portion of my pension savings invested in an equity portfolio for the last 15 years. This year, with volatility across the markets, my annual return has been negative. I had hoped to retire in ten years, so I am worried I will lose more of the savings….read more

I have always been careful with money but how do I protect myself now that I am feeling the pinch?

Financial Planning

Q I am working in the private sector on a modest salary but have always been careful with my money and able to manage quite well. However, I am starting to feel the pinch each month and can see my weekly shop going up all the time. Some experts are warning inflation could be more….read more

Is it wise to stop saving into pension as way of dealing with high prices?

Q The cost-of-living crisis has me really struggling to make ends meet. I’m on a reasonably good wage but my commute into work is now costing me considerably more. I’m in danger of falling behind on my mortgage or car loan if things continue as they are. I’m currently paying 5pc of my salary into….read more

Avoid a messy break-up on your joint mortgage

Splitting up the family home can be hell for couples who are going their separate ways, but ‘fresh start’ lending rules can help, writes Eithne Dunne. It was not just weddings that were put on the long finger during the pandemic: the finalisations of divorces and separations were also stalled. “People had a lot of….read more

Would an annuity suit me better than an ARF if I live into my Nineties?

The biggest advantage of buying an annuity at retirement is that you are guaranteeing a level of income for the rest of your life.

The biggest advantage of buying an annuity at retirement is that you are guaranteeing a level of income for the rest of your life. Stock image Q. I’m in my early Sixties and will retire in a few years. I’ve been paying into a work pension (defined contribution) for most of my working life and….read more

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