Category Archives: Independent Articles

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

What should we do with €40,000 savings?

Q. We have accumulated about €40,000 in savings, currently sitting in our bank account. We don’t want to leave it there because of the threat of inflation and possible negative interest rates. Yet we don’t want to invest it either because we think we might need it in the next few years. Some of it….read more

Put savings into rental property or investment fund while travelling?

Q. My partner and I had planned to go abroad in summer 2020 and work for between one and two years. Covid obviously put an end to that – but we are hoping we can travel early in 2022. We currently have combined savings of €80,000 and are each saving €1,000 per month. We are….read more

Protect your future self’s wealth from a pension time bomb

pensions retirement

Unlike in the 1989 film Back to the Future Part II, starring Thomas F Wilson as young and old Biff, those in retirement will not be able to travel back in time to help their younger selves with money worries. As new rules lower final retirement pot forecasts, Eithne Dunne asks how you can maximise….read more

College Tuition Fees for Expat Grandchild

College Tuition Fees for Expat Grandchild

“MY granddaughter hopes to come to study in college in Ireland in two years’ time. She was born in Jersey, Channel Islands and has an Irish passport. Is she entitled to free education here?” Nora, Co Galway DUE to the financial crisis of 2007 and 2008, and the resulting increase in emigration from Ireland, a….read more

Question of Money – Gift Exemption

tax advice

“We have two children, aged seven and nine. We have never set up a bank account for them, but their grandad wants to use the small gift exemption to give them money tax-free. He is going to give each of them €3,000 this year and possibly over the next few years. We do not intend….read more

Stock market falls and pension

pension advice

Source: Independant.ie Contributor: Patrick McGettigan, Director at McGettigan Financial Planning Date: June 07 2020 02:30 AM Stock market falls and pension Query: I am due to retire next year. I have a defined contribution plan through work. Most of my pension fund is invested in medium-risk equities and I am worried about the impact which….read more

Cashing in pension in early 40s

pension advice

Source: Independant.ie Contributor: Patrick McGettigan, Director at McGettigan Financial Planning Date: June 07 2020 02:30 AM Cashing in pension in early 40s Query: I have been on reduced pay since the coronavirus crisis kicked off. I have a defined contribution pension through work. I’m wondering if I can take money out of my pension to….read more

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