Cash Is King? Podcast 269
Informed Decisions Independent Financial Planning & Money Podcast
Release Date: 08/14/2023
Expat Taxes with Stephanie Wickham
Informed Decisions Independent Financial Planning & Money Podcast
In this week's podcast we have a fantastic, informative chat with awarding winning, international expat tax advisor, KPMG chartered accountant, and tax specialist, Stephanie Wickham. Key topics include: Responsibilities for US Citizens living in Ireland (annual returns/pension income management/how to be compliant) Considerations for people who are retiring and thinking of spending time/large portions of the year in Portugal/Spain/Non-Eu Tax domicile Non property assets I hope it helps.
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Guardrails for Irish Retirees #308
Informed Decisions Independent Financial Planning & Money Podcast
In this week's podcast I talk about Guardrails for Irish retirees. One of the big questions I hear from clients heading into their 'next chapter' (blissful retirement!) is: how much can I actually spend each year without running out of money? It’s a great question – and one that deserves a well-thought-out answer. As financial advisors, it’s part of our job to help you figure that out, and there are a few different ways we can go about it. Take what Revenue tells you to! OR Take a dynamic approach each year, to try optimise your income and legacy I hope it helps!
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Budget 2025 Don't Look Back In Anger #307
Informed Decisions Independent Financial Planning & Money Podcast
This week I share a short piece with you to help prepare for relevant (potential) changes in the upcoming Budget. What we'll all want to avoid is seeing a change come into effect that we could have seen coming, and that we could regret not having taken action on! We want to avoid regret, so lets not look back in anger - I heard you say! I'll touch on; PRSA changes and limits to contributions Inheritance changes Pension pot size changes I hope it helps.
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The Good, The Bad, & The Bonds #306
Informed Decisions Independent Financial Planning & Money Podcast
In this week's podcast we talk about what’s happening with bonds and why you should care. Over the past two years, we've seen dramatic shifts in the bond markets. Lots of investors and pension holders in Ireland have often large swathes of Bond Funds within their investment and pension portfolios. But often have never had clarity on what they are or why they move around a bit! It’s been a bit of a rollercoaster, to put it mildly. I hope it helps.
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Federal Estate Tax in Ireland #305
Informed Decisions Independent Financial Planning & Money Podcast
In this week's podcast, I cover a topic that I did a couple of years ago. FET is still an issue that I believe awareness is still not as wide as it should be. Potential Federal Estate Tax (FET) on US-based assets is critical for for us all to be aware of, and is often unknown. If you have more than $60k worth of assets domiciled in the USA, could this be a lurking menace in your wealth?? There are a huge number of people here in Ireland, c20,000 in the top 5 US companies alone, who are receiving US stock options and who therefore own US assets. I hope this helps.
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R.O.N.A.N - Lessons I've Learned...About Life & Retirement
Informed Decisions Independent Financial Planning & Money Podcast
This week's podcast was a difficult one to do, and I'm still not sure if it's appropriate or not for this space, but my intent is to look for the positives, and to be reminded of a few key principles, financial and non-financial. I hope it helps, both you and I!
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Section 73 Investment Plans - Bear With Me. Podcast#303
Informed Decisions Independent Financial Planning & Money Podcast
For those looking to pass on wealth while trying to simultaneously reduce tax on the proceeds, Section 73 investment plans offer a potential solution. These plans are specifically designed and sold to try manage Capital Acquisitions Tax (CAT) liabilities on gifts, and to provide a potentially tax-efficient way to transfer assets to loved-ones. But do they work? Lets explore! What are they How do they work What do they 'cost' What the commissions are like Specific scenario testing I hope it helps. Paddy Delaney QFA RPA
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Get Your Taxes in Order with Alan Purcell #302
Informed Decisions Independent Financial Planning & Money Podcast
In this weeks podcast we have a interesting guest with us - Alan Purcell from Cloud Accounts in Dublin. Alan is unique as he is both a Chartered Accountant and Chartered Tax Advisor. We had a quite broad conversation and covered a lot of ground, which I hope that you find helpful. Key topics include: PAYE taxes as an employee and what you should consider Landlord tax planning How to find a good accountant, what to look for Business owners, limited companies, sole traders Pension contributions vs not Taxes - Personal tax credits, tax bands, capital...
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From The Marines to Professor of Financial Planning #301
Informed Decisions Independent Financial Planning & Money Podcast
For this week's podcast we welcome a fantastic guest, Chet Bennetts. A professor of Financial Planning with a wonderful story about how he got to where he is and shares some interesting ideas with us. Main topics: Chet's journey to financial planning His current role Why he got involved with helping veterans with financial planning His PhD work I hope you enjoy and we look forward to having Chet join us again later in the year. A little more about
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Investing vs Inflation, We Are Hiring & I Interview My Kids #300
Informed Decisions Independent Financial Planning & Money Podcast
This week's podcast is the 300th Informed Decisions Personal Finance Podcast, so it is a little bit different than the usual! Key topics are: Inflation vs Investments over the past few years, what has or has not retained your purchasing power Informed Decisions Financial Planning may be hiring! I interview my kids, my most challenging interview to date! Hope you enjoy!
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Irish Household Wealth
Aside from their regulatory role over financial services, Central Bank of Ireland share some really interesting research and reports. One such recent report was their 'Quarterly Financial Accounts' for Ireland.
For me, one of the greatest signals of our financial health as a nation is our 'Household Debt'. This rate hit a high in 2007 when it stood at €203BN. Working on the basis that there are c3.6m adults in Ireland this was around €60k debt for every man and woman over 18 years of age in the country!
That €203BN debt figure has fallen steadily since 2007, to €131BN in 2020, (€36k per adult) and now sits at c€120BN (€33k per adult).
Read on!
Paddy.