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MASON WEALTH MANAGEMENT BLOG

admin, Sep 16, 2019

Research shows that there is a broad range of emotions amongst people approaching retirement. The diversity seems to be down to how well prepared the individual is. Those who have planned for their retirement, know what to expect, and have their finances and plans in order are overwhelmingly more likely to be looking forward to their retirement. Those who are closing in on retirement without a plan, both financial and for life, seem far more likely to be nervous or apprehensive about the impending changes.

Below are some of our top tips to help you be one of the excited people by taking control of your retirement planning.

Retirement planning for the initial change

Going from full time employment to having very little to do can be harder than you’d imagine. While the idea of a rest might be initially appealing, the novelty soon wears off and boredom, sometimes even panic, can start to take hold.

To minimise the disruption caused by this transition it can be a good idea to have a phased exit from work. You can achieve this by coming…

Research shows that there is a broad range of emotions amongst people approaching retirement. The diversity seems to be down to how well prepared the individual is. Those who...

investment advice

admin, Aug 20, 2019

We carry out a lot of research throughout the year, whether it’s attending conferences and seminars, meeting investment managers and product providers and also carrying out desk-based research. Inevitably from time to time, our reading pile gets a little higher! However this is now a great time of year to make real inroads into that reading.

When scanning through some recent research, we reviewed again two particular articles that we’ve shared with you previously. Both of them are worthy of further comment and while the overall topic of each of them is different, they both in fact finish with similar conclusions.

The first piece that we wish to discuss is from Dalbar, who are a world renowned and independent expert for evaluating, auditing. and rating business practices, customer performance, product quality and service. The research that caught our eye from them is, “U.S. Investors Lost Twice As Much As The S&P 500 In 2018”.

The second piece is a superb infographic called “The Anatomy of a Market Correction” from Visual Capitalist.

So…

We carry out a lot of research throughout the year, whether it’s attending conferences and seminars, meeting investment managers and product providers and also carrying out desk-based research. Inevitably...

investment advice

admin, Aug 20, 2019

Traditionally the role of a financial adviser has been to help you grow your financial resources. This has evolved significantly in more recent times into a much broader role, as financial planners have developed the skills and the tools to provide a lot more value than this. Sitting at the heart of what we do now is helping you to identify the life that you want to live, and then through careful financial planning, guiding you on your financial journey to ensure you achieve your goals and dreams.

We believe that as part of helping you to identify the life you want to lead, it makes sense to think far beyond the traditional boundaries that might have existed. Yes your financial plan should include goals such as when you want to retire, where you want to live and how you will transfer money effectively to your loved ones. Each of these takes careful planning and sound investment of your resources. But we believe wise investment goes far beyond investing in funds, shares and other assets. You cannot only invest in…

Traditionally the role of a financial adviser has been to help you grow your financial resources. This has evolved significantly in more recent times into a much broader role,...

pension

Those aged 65 and over are expected to increase from one in eight to one in six by 2030

Ireland’s growing ageing population has been identified as one of the highest threats by the National Risks Assessment 2019. A factor which will impact on pensions, healthcare, education, and housing, among others.

The National Risk Assessment, published by the Department of the Taoiseach, identifies the challenges to Ireland within the next few years under five headings; economic, geopolitical, environmental, social and technological.

Within the report it is expected those 65 and over will grow from one in eight to one in six by 2030. It is estimated people within this age bracket will more than double from 586,000 in 2015 to 1,402,000 by 2055. Furthermore, the number of people aged 85 and over is projected to double.

At the same time the ratio of the working population (15-64) next to people eligible for the State Pension is due to decrease.

These figures pose a serious strain to the pensions system within Ireland with more people expected to be entitled to the State Pension.

The increased demand…

Those aged 65 and over are expected to increase from one in eight to one in six by 2030 Ireland’s growing ageing population has been identified as one of...

private pension

 If you are in your mid to late 30’s or early 40’s you may or may not be thinking about your pension and retirement planning. No matter what stage you are at it’s never too early to start considering financial planning for the rest of your life. There will come a time when you need to sit down and seriously work out a plan.

We encourage lifestyle financial planning so you can get the most out of your life without as much stress. The key to living your life to the fullest is to be organised, to manage your money wisely and this includes managing your money when it comes to pension planning too.

The sooner you start contributing to a pension fund the less proportion of money you will need to contribute from your income later on.

The State Pension

If you think it will be fine, that you’ll be able to live off the state pension, think again. Unless you are extremely low maintenance you will not be able to get by on the state pension of approximately €1,000 a month…

 If you are in your mid to late 30’s or early 40’s you may or may not be thinking about your pension and retirement planning. No matter what stage...

financial planner

The term “financial advisor” is an extremely broad term, encompassing many aspects of financial advice.

The advisor can specialise in a range of different fields such as which type of pension should you choose or what type of investment. If you are looking for advice on retirement you would also make a visit to a financial advisor.  It’s essentially an umbrella term.

A financial planner, on the other hand, is more specialised in providing comprehensive plans to help you with achieving long-term goals.

How To Choose The Right Professional?

We are going to break down who you should opt for, a financial advisor or a financial planner, in your current situation.

You must first understand your financial situation before you approach any financial professional. This is the very first step. The second step is looking for a financial professional who has experience in dealing with the financial situation you are in.

It can be useful to ask friends and family for recommendations and you can use the internet and do your research into who you should choose.

Remember, a financial planner must be certified. A Certified…

The term “financial advisor” is an extremely broad term, encompassing many aspects of financial advice. The advisor can specialise in a range of different fields such as which type...

financial planning tips

Summer is fast approaching and we can safely say it is about time. By now people are planning their summer holidays or if you are really on the ball you already have them booked.

Sadly, others are hesitant and uncertain about the coming months due to their personal finances.

A time which is meant to be relaxing and hassle free is not for everybody. Mason Wealth have compiled a list of financial planning tips to help you plan effectively for summer 2019.

Plan Activities In Advance

From affordable restaurants to museum trips or history tours, the more research you put into the agenda’s costs, the better idea you will have on the overall finances.

Try and plan out exactly what you will do each day. This will save on excess spending and settling for an expensive restaurant which you happened upon because you were tired from walking around all day.

All this information is simply a few clicks away. What are you using right this minute to read this article? The internet.

Budget, Budget, Budget

Apart from planning in advance, setting out a clear budget is at…

Summer is fast approaching and we can safely say it is about time. By now people are planning their summer holidays or if you are really on the ball...

admin, Apr 12, 2019

Have you heard the term wealth management and not sure what it exactly means? Well we’re here to shed some light.

Wealth management can be a broad term and dependant on what perspective you look at. For a client, the practise is centred around solving and increasing their financial situation. They entrust a financial advisor to work out a plan which will change their current situation into a better one.

For the financial advisor, it is about understanding a client’s financial situation and utilising the necessary financial services to determine a workable plan to improve their client’s finances.

Wealth management is a process of consultative review. Once a financial advisor fully understands where a person is at financially they can form a strategic plan that meets the needs of the client and puts them first.

Why Is Wealth Management So Important?

It says it all in the name, wealth management. Without properly managing your finances you will be cast into a world of trouble. Financial mismanagement does not reflect well on the financial appearance of a business or individual.

Incorrect management of your money leads…

Have you heard the term wealth management and not sure what it exactly means? Well we’re here to shed some light. Wealth management can be a broad term and...

admin, Mar 26, 2019

Even seasoned investors can find they end up with a disparate range of products that build up over the years. Lifestyle financial planning is an inclusive approach to securing the lifestyle you desire. It requires a different strategy to how we’d normally select products, as lifestyle financial planning is all about the bigger picture.

Why would you consider lifestyle financial planning?

Most clients only seek out the help of an independent financial planner when they’re faced with an immediate decision or problem. This can be for a variety of reasons. It can be a tax issue, pension worries, or being offered an investment opportunity they are unsure about.

Looking at someone’s financial position often highlights inadequacies in their current arrangements. The bottom line is the vast majority of people aren’t interested in the details of investments. They just need clarity on their current position, and to know what their financial future looks like if they continue on this path. They also discover what their financial future could look like if they use lifestyle financial planning to secure their future.

It’s not about…

Even seasoned investors can find they end up with a disparate range of products that build up over the years. Lifestyle financial planning is an inclusive approach to securing...

Financial Advisor Dublin

admin, Feb 22, 2019

Think about the term “financial advisor dublin” and what comes to your thoughts when you do?

Financial advisors offer advice on how best to manage your finances. They do this so you get the most out of your money and lifestyle.

Financial advisors can specialise in a range of different areas including reducing your debt, advising on managing investments and pension and retirement planning. However, these are only a few areas of expertise and the emphasis is on vast.

The buzzword linking all financial advisors together is “handling money”.

The Financial Advisor Dublin Process

When you approach a financial advisor in Dublin for the first time you will establish exactly what you’re looking for and hope to gain from their financial advice.

The financial advisor will then analyse how much money you make, your existing assets and liabilities.

Your goals will be discussed in order to understand where you want to get to and compared with your current financial situation drawing from the information you provide.

The financial advisor will offer recommendations based on expert advice and draft out a suitable plan of action for you to…

Think about the term “financial advisor dublin” and what comes to your thoughts when you do? Financial advisors offer advice on how best to manage your finances. They do...