Podcast149: The Impact of Fees On My Pension ARF
Informed Decisions Independent Financial Planning & Money Podcast
Release Date: 08/25/2019
Larry Fink & My Granny's Kitchen #295
Informed Decisions Independent Financial Planning & Money Podcast
In this week's podcast, I talk about Larry Fink, Warren Buffet, and my granny's kitchen. Larry Fink is renowned for his role as the CEO of BlackRock, one of the world's largest investment management firms. Much like Warren Buffett, Fink has earned a reputation as a visionary in the world of finance, leveraging his expertise to advocate for long-term investment strategies and the power of capital markets to drive economic growth. While it might be considered by some as a 'poor cousin' of the Berskshire Hathaway annual shareholder meeting, Fink publishes an annual letter that gets little...
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Informed Decisions Independent Financial Planning & Money Podcast
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Informed Decisions Independent Financial Planning & Money Podcast
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Informed Decisions Independent Financial Planning & Money Podcast
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A Lesson From The UK? Scandals & Over-Charging #291
Informed Decisions Independent Financial Planning & Money Podcast
In this week's podcast I talk about the scandal of UK investment firm Saint James' Place. It is a monstrous financial advice and investment firm regulated by the FCA in the UK. It has been marred by scandals over the past few years. They've been accused of it all; from 'rogue' investment managers (whose clients are still trying to get their money back), to recent over-charging claims. Is there a lesson for us to learn here about it? Lets take a quick look. I hope it helps.
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Investing in Retirement #290
Informed Decisions Independent Financial Planning & Money Podcast
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Should I Go All-In On The S&P500? #289
Informed Decisions Independent Financial Planning & Money Podcast
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Pension Lifestyling - A Blessing or a Curse For Retirees? #288
Informed Decisions Independent Financial Planning & Money Podcast
Pension Lifestyling in Ireland is rampant. By my reckoning, the vast majority of people with pensions are invested in insurance company pension schemes using 'Pension Lifestyling'. This week I explore if that is a prudent approach for you as a pension holder on the cusp of retirement, or a useless sales tool that you should avoid like the plague. I hope it helps.
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Anne Lester Your Best Financial Life: Save Smart Now for the Future You Want #287
Informed Decisions Independent Financial Planning & Money Podcast
In this week's podcast Paddy has a fantastic chat with Anne Lester. Anne Lester is a retirement expert, author, media commentator, top-rated speaker and former Head of Retirement Solutions for JPMorgan Asset Management, where she worked almost 30 years. In 2020, Anne was recognized for her extraordinary lifetime contributions to Americans’ economic security with the prestigious Ray Lillywhite Award. Anne, like Paddy is on a mission, her mission is to help rising leaders to retire on their time and target. Key topics Financial planning Anne's...
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Simplicity is The Ultimate Complexity #286
Informed Decisions Independent Financial Planning & Money Podcast
Something a little different, and a lot shorter this week. Far too often, when a prospective client asks me to run the rule over their financial affairs, I see complexity and sophistication, and resultant negative outcomes. It is not their fault, it is the fault of 'experts' plying their 'sophisticated' trade. I hope it helps.
info_outlineWelcome to Ireland's award-winning Personal Finance Blog & Podcast. This week we explore a topic which is being asked more and more, what fees are payable, and what is the impact of these fees on a pension, with particular focus on Approved Retirement Fund (ARF). We will not just determine the impact monetarily but also the impact on how long that ARF might actually last you, which is kind of a big deal! This won't be a long episode, but I sure hope it helps shed some light on a dark corner! If you haven't already caught last weeks' episode, which helps explain how to maximise the duration of your ARF, you can grab that here.
Now it goes without saying that you get nothing for nothing, and that we will pay fees in both the accumulation phase of pension/retirement planning, and in the spending-phase. Much like an egg-timer, where you turn it over, there is no halting it, there is a finite amount of grains in the top and there is a finite amount of time before they all pass through. We are precious of every grain, we only have so many to use. I guess in this case what we are trying to do is to be aware of any grains that might be escaping out the sides without us even knowing about it. We're looking to plug any leaks!
The focus of this piece is very much on the impact of the fees on our ability to draw income from an Approved Retirement Fund over the course of our 'Life 2'!
Paddy.