Entries by Aoife Ross

Top tip for improving your finances in 2017

Ship Shape In trying to compile my annual top tips for the coming year, I researched far and wide for pearls of wisdom that I might not have already thought of myself….this was my favourite: “Get Your Finances-and Body-in Shape”. One study showed that more exercise leads to higher pay because you tend to be […]

At a Glance – Budget 2017

Budget 2017 in Review We reviewed the details of Budget 2017 to provide you with the relevant information relating to pensions and your personal finance. Normally our focus is on pension matters and over the last number of years there has been much to report and discuss, but in this budget there are no changes […]

Finance – Busting the Jargon

Post Retirement Planning As a financial advisor with specific focus on the Construction Sector, I find myself frequently discussing business on this basis. In recent years, terms such as BIM and Lean and Augmented Reality have crept into the discussion, and I’ve found myself having to ask for explanations… During a meeting with a client […]

Are you protected if you become ill?

Longevity When we talk about pensions we often talk about longevity – the fact that people are living longer and the increased need for income in retirement. From age 65, men can expect to live an average of 23.8 years, while women can look forward to an average of 25.3 years. While this has an […]

Pension Timebomb

Pre – Brexit Prior to Brexit dominating our news flow and social media world, the phrase “Pension timebomb” had been getting a lot of coverage. I asked many of my friends if they have been reading these pieces, but it seems that the “P” word is still too boring a topic – even when you […]

6 Things to do differently in 2016

Is this for you? If you are one of those rare people who is doing everything right with their money, this article is not for you. For the rest of us, here are 6 simple things to do differently in 2016 that will help your financial health flourish. Budget To maximise the efficiency of your […]

Education and Children – Preparing a better future for them

Educate your children and protect their future There seems to be a habit among parents in Ireland not to talk to their children about money. We teach our children about many things to help them in their lives, we teach them new skills and we help them develop good behaviours. But not about money! This […]

Do you have an appropriate investment portfolio?

Investment Portfolios are for everyone Whether saving for retirement or investing in an ARF post retirement, one of the most important factors is having the appropriate investment portfolio. An “investment portfolio” sounds glamorous and perhaps sounds like something only the rich and famous have, however in fact, an Investment Portfolio is simply the collection of […]

2015 – Key Financial Changes to Watch For

The headline announcements provided final confirmation that the controversial Government Pension Levy is to cease after the calculation date of 30th June 2015. This levy will be charged at 0.75% in 2014 and 0.15% in 2015. There was also the addition of a DIRT refund in respect of the savings of first time buyers, which […]

How Important is Life Cover?

Life Cover is an important yet often overlooked feature of good financial planning… To decide if it is something you need, you simply have to ask; how would your family cope financially if you, as either the main or joint income earner, died? If you read this column regularly, you’ll know we’ve covered the importance […]

Income Protection – Protecting against accident and illness

Work hard, play hard You work hard to pay for an unending list of financial commitments; mortgage, property tax, car, utilities and food and after that maybe you invest in your future and live a lifestyle that you have grown accustomed to… but have you thought about how you would manage if you fell ill? […]

Reasons to start a pension

Reasons to start a pension The dictionary defines a pension as “A fixed amount, other than wages, paid at regular intervals to a person or to the person’s surviving dependents in consideration of past services” or “an allowance, annuity, or subsidy.” Can you live on just over €12,000 per annum? The state pension in its current form (€12K for an individual) is unlikely to meet the goals of most people and if you are 50 or under, you will have […]

What impact does China have on your pension?

We’ve all heard the noises over the last few weeks of the Chinese stock market falling sharply. But China is over 5,000 miles away from Ireland, so how can events in China impact on a pension fund member here? Investment return is how. Whether you are aware of it or not, some of your pension […]

Income Protection – Jargon Buster

Life Expectancy Increases There is a lot of the confusing terminology around Protection products. The list below should help you make sense of some of it. I’ve written about the importance of Income Protection in previous issues. The World Health Organisation (WHO) recently stated that globally, life expectancy has increased by 5 years between 2000 […]

The Life Cycle of your Financial Needs in Ireland

Throughout your working life, your financial needs will change and evolve. A clear understanding of the life-cycle of your financial needs will help you prioritise your goals and objectives and ensure you are steering your finances in the right direction. At Milestone Advisory, this is how we see your financial life-cycle. Early years (early 20’s […]

Lessons learned since the financial crisis

Late 2007 brought the beginning of the Global Financial Crisis, considered to be on par with the Great Depression. The crisis was triggered in the US as the housing bubble burst and the combination of subprime lending and the complex financial structures underpinning the debt caused a wave of problems for global financial institutions. There […]

The Housing Crisis, the Rental Crisis and the Pensions Time Bomb!

What is the Pensions Time Bomb I hear you ask? Excluding public sector workers, who have close to full pension coverage, the private sector figure is only approximately 37% coverage.  This means that nearly two thirds of private sector workers are reliant on the State Pension when they retire.  Of those with a private pension, […]

Phishing, Cybersecurity

When you hear the word ‘Phishing’, you might think it refers to the relaxing hobby or sport of catching a fish with a hook or worm.  You might be close if you consider that with Phishing, you are the fish and email is the hook or worm.