Lifelong Learnings after 35 years in the Financial Planning Business
Author Phil Farrelly QFA RPA SIA CFP Certified Financial Planner | Mason Wealth Management Money isn’t everything. The most important thing is to have just enough money so you can sleep at night, and enough purpose so you can get up in the morning. Protect yourself against catastrophic life events. It’s all very well having […]
The 10 ways you can become a successful investor
Author Phil Farrelly QFA RPA SIA CFP Certified Financial Planner | Mason Wealth Management Have a Financial Plan Most successful investors have a plan. They know exactly where they are going and how they are going to get there. Without a financial plan, you don’t really know where you are going. We know that short-term […]
Thinking about Retirement – Why you need a Financial Plan
Author Phil Farrelly QFA RPA SIA CFP Certified Financial Planner | Mason Wealth Management If you are thinking about retiring you really should have a financial plan. Without a plan and assuming that you do not have the luxury of a Defined Benefit pension scheme you really are in a vulnerable position. With the impact […]
10 Rules for Financial Well-Being
Author Phil Farrelly QFA RPA SIA CFP Certified Financial Planner | Mason Wealth Management Spend less than you earn This may seem like an obvious statement. Many people have no idea how much they are spending each month and then they wonder why they are getting further into debt. Spend no more than you are […]
Are you approaching retirement? Less than 10 years to go?
Author Phil Farrelly QFA RPA SIA CFP Certified Financial Planner | Mason Wealth Management What does retirement mean? Retirement really means being financially independent. It does not mean being able to stop working on a given day and then doing nothing. It is the date when you can stop working because you can afford to. You only work […]
Planning to Minimilise Capital Acquisitions Tax
After spending much of your working life building your quality of life, savings, and paying off your property, you want to be able to ensure these go to the intended recipients without lumbering them with a huge tax bill. Capital Acquisitions Tax is charged on all money or property that is inherited or gifted to […]
Three things to know about Evidence Based Investing
Evidence Based Investing (EBI) is gathering more and more supporters and advocates around the world, and as a result is starting to appear quite frequently in investment commentary and indeed the mainstream media. It is a term that you may or may not be familiar with, so we’re taking the opportunity to inform you of […]
Have you any unclaimed pensions?
OK we admit – this may not sound like the most exciting topic in the world, but it just might make a significant difference to your financial future… There is a surprisingly large amount of money sitting unclaimed in pension schemes in Ireland, the estimated amount of this ranges anywhere between €500million and €1billion. This money […]
Negative Interest rates and what it means to you?
Towards the end of the Summer, Bank of Ireland introduced negative interest rates of 0.65% for any Corporate or pension monies left with them on Deposit. All the other banks charge similar rates. This negative return for leaving money with a bank received a lot of publicity but also helped focus our minds on the […]
What can we learn from Warren Buffett?
Where do you start with Warren Buffett? Widely recognised as the world’s shrewdest investor, the “Sage of Omaha” is now 90 years young and still doling out nuggets of advice to investors across the globe. Using his investment expertise, he had amassed a fortune of some $79 billion as of August 2020, making him the […]