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  • You’ve got a pension, but what’s in it? with Jill Kerby
    managed fund of different assets like stocks and shares bonds cash property which wouldn t be too bad if there was more emphasis on the mixed rather than managed part of the combination Pension funds that over managed that is too much buying and selling is too often a recipe for poor outcomes for the pension holder and very good fee and commission outcomes for the managers But mixed managed funds have too often also been a one size fits all solution regardless of the workers age risk profile or the number of years they have until retirement Asset allocation The best financial advisers and fund managers that I know and whose analysis I read regularly share the view that getting your pension asset allocation right as opposed to stock or fund picking or timing when to get in or out of the markets is the most important feature of successful investing This is because there isn t a financial adviser or fund manager in the entire world who can accurately predict the future No one knows exactly what shares are going to rise in a month s time let alone over the next 10 years but you can make pretty accurate informed guesses based on an understanding of the nature and past performance of how certain assets and markets tend to perform over different periods When this was explained to me about 8 years ago as I was reviewing the 13 or so low cost investment funds that made up my own personal PRSA it came as quite a revelation I d been pretty happy with the performance of my accumulated funds by then and thought I d been clever in selecting geographically and sectorally diverse ones I certainly was exposed to a great many more individual shares bonds properties etc within those funds than most people I knew But the closer I looked well as my new adviser looked the balance of assets was all wrong for my age The diversity I thought I had was far narrower than I imagined and the volatility that was occurring in achieving a better than average return was frightening when I saw it in chart form Rebalancing If you can get the asset selection and allocation right and this is where you need to do some research and get some good advice the rest should fall into place The final piece in the investment strategy puzzle will then be to regularly rebalance your pension fund assets to maintain that asset equilibrium It s said that the younger you are the most investment risk you can take Certainly the youngster starting a long career has more time to weather investment losses than someone who s a few years short of retirement But no one sets out to lose money and that s why you need to always pay attention to what and where your pension money is being invested Oh and last but not least learn to be patient A pension fund

    Original URL path: https://www.rabodirect.ie/more/media-hub/blog/what-is-in-your-pension.aspx (2016-02-16)
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  • What do older people really want from their money? - RaboDirect
    and resigned they were to the huge debts the nation has to contend with and how stoical they are about their own children or grandchildren s decisions to emigrate and build what they hope will be better lives abroad What do older people really want from their money The Over50s Shows mainly attract older people who have money from income savings pensions and are in a position to spend it and invest it While nearly everyone who comes to my seminars have cash deposits a property or two and a pension fund they d like to see grow or protect it s also apparent that the last seven years have reduced their appetite for risk We have 10 000 50 000 225 000 sitting in the bank they confided but we re getting a less than 2 1 0 5 return Not everyone is shopping around for better returns do they not need the extra money but when I asked how much risk they were willing to take to get a potentially much higher reward the answers were pretty universal As little as possible Inertia may be driving the unwillingness to shop around for better deposit yields and better utility prices or the cost of health insurance but fear remains the prevailing emotion when it comes to shifting even a modest portion of cash into equities or other assets That fear is understandable given the terrible experience so many Irish bank shareholders had when those banks collapsed but because the older you get the more cautious you become with your income and life savings But fear has a longer memory than success and even though most stock market losses though not Irish bank shares have mainly recovered since the 2009 low there s now a fear about how sustainable is this latest QE fed bull run in the markets While I wasn t too surprised to hear how low the investment risk profile is out there I was surprised to discover how many people in spite of the Bank Deposit Guarantee Scheme limit of 100 000 continue to leave more than that sum in their bank accounts The Eurozone finance ministers have made it abundantly clear that if there has to be an official bail out of another Eurozone bank it will be in tandem with a bail in from that individual bank s depositors Leaving your money with the safest least indebted and genuinely profitable bank is entirely within our own control Finally I think more than a few people were convinced that it s never too late to get a wealth review and seek the advice of an experienced qualified and ideally fee based financial adviser another way to ensure you survive this recovery The Active Over50s Show and my personal finance seminars move next month at The Maldon Hotel Killarney on May 10th 11th I hope to see you there Find out more about PRSA Pensions with RaboDirect The views expressed in any article published on the

    Original URL path: https://www.rabodirect.ie/more/media-hub/blog/what-do-older-people-really-want.aspx (2016-02-16)
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  • The Over 50s Seminar with Jill Kerby - RaboDirect.ie
    for a lot of people But this Recovery isn t raising all the little boats out there Outside of the big cities and the hubs where foreign based corporations operate towns and villages struggle to keep shops and services open Wages are not keeping with up with taxation debt repayment isn t always offset by falling prices Life is still a struggle for a lot of people especially those that have too much debt Next weekend at the Active Over 50s Show at the Mount Errigal Hotel in Letterkenny I ll be talking about the Recovery issues that are particularly important to people approaching retirement and to pensioners the collapse of deposit returns the soaring stock markets property and pension security and the unrelenting rise in the cost of healthcare Coping with any one of these issues is a big challenge but a perfect storm of uncertainty especially over interest rates and spending power as more countries join the global currency war is now a reality for our older community who don t have the luxury if you can even call it that these days of opting to re skill re train and change careers to boost their income Even pulling up stakes and finding somewhere else in the world where employment or wealth growing opportunities as their grandchildren keep doing isn t a real option for the vast majority of Irish pensioners An uncertain Recovery This uncertain Recovery isn t just an Irish phenomena of course it s gone global and everyone is now wondering about the future of employment home ownership wealth accumulation and an affordable retirement The official line in Ireland has been that Irish pensioners have been the least negatively impacted group after the 2008 crash But seven years without a single extra penny added to the state pension a relentless roll back of private pension benefits higher taxation and the re writing of what denotes a safe haven for savings means that older people have little choice but to reconsider their personal finances For many a return of their money and not just on their money has become their main priority But is even that going to be good enough The closer I get to retirement and it s not too far off now the more I find myself asking these and other key questions Am I doing enough with my own savings to secure the best returns What risks am I taking with my cash How safe are the banks the state pension or my company personal pension fund Are there new bubbles out there about to explode How can I spread my financial risk Where is the property market going Can I tap into its value How can I save money on healthcare costs and still get the best medical outcome That s a pretty big agenda for an hour long session next weekend in Letterkenny but that s no reason not to try and come up with a few answers and solutions

    Original URL path: https://www.rabodirect.ie/more/media-hub/blog/over-50s-seminar-with-jill-kerby.aspx (2016-02-16)
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  • Online Banking News – Financial Information from RaboDirect Ireland
    problems FAQs PRSA Pension Why Compare How it s invested At retirement How to apply PRSA fees FAQs The Blog Check it out Open Account Log in Home More The Blog Check it out Blog Saving for your Pension Submitted by Tony Gilhawley Director Technical Guidance Ltd on Wednesday 7 November 2012 No comments Category Personal Savings There are many different ways you can build up your pension The best way is to get your employer to contribute to a pension scheme for you this is the most tax efficient way to building up your pension pot Read more Top Tips for Retirement Savings Submitted by Killian Nolan Investments Manager RaboDirect on Wednesday 27 October 2010 8 comments Category Personal Savings It s that time of year again when you will hear and see lots of ads on the radio and elsewhere about making pension contributions before the October 31st tax saving deadline Read more Page Previous 1 2 Categories Business Savings 9 Investments 18 Partnerships 12 Personal Savings 48 Theme Education 1 Holidays 1 Life Money 11 Property 7 Retirement 7 Weddings 16 Need help Why not give us a call 1850 88 22 44 Mon Fri 8am 7pm

    Original URL path: https://www.rabodirect.ie/more/media-hub/blog/default.aspx?pagenumber=2&thema=Retirement (2016-02-16)
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  • The Central Bank Mortgage Rules In numbers
    Complaints Login problems FAQs PRSA Pension Why Compare How it s invested At retirement How to apply PRSA fees FAQs The Blog Check it out Open Account Log in The Central Bank Mortgage Rules In numbers Submitted by RaboDirect ie on Friday 07 August 2015 No comments Category Personal Savings Whether you re saving for your first home or toying with an upgrade you re likely to have heard about the Central Bank mortgage rules Check out this infographic which crunches the numbers and illustrates what the new rules could mean for you Find out more about saving for your new home with RaboDirect Tweet Previous post Saving for home improvements is on the up In Numbers Back to Blog Post comment Name Please fill in your name Email address For verification only it will not be published Please fill in your email address Please fill in a valid email address Comment Please fill in a contribution or question Please type in the code shown below Please type in the verification code All comments are moderated and posted live during working hours Need help Why not give us a call 1850 88 22 44 Mon Fri 8am 7pm Email us

    Original URL path: https://www.rabodirect.ie/more/media-hub/blog/new-mortgage-rules-in-numbers.aspx (2016-02-16)
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  • Saving for home improvements is on the up!
    The Blog Check it out Open Account Log in Saving for home improvements is on the up In Numbers Submitted by RaboDirect ie on Wednesday 05 August 2015 No comments Category Personal Savings It s that time of year when there is still a stretch in the evenings that many people start thinking about sprucing up their homes before Autumn kicks in With your long to do list in your hand the big question is how to pay for this work We recently carried out research to find out if people were reaching for their credit card or dipping into their savings We were very pleasantly surprised Here s the results in numbers Find out more about saving for your new home with RaboDirect Tweet Previous post Top reasons to start saving for a new home In numbers Back to Blog Post comment Name Please fill in your name Email address For verification only it will not be published Please fill in your email address Please fill in a valid email address Comment Please fill in a contribution or question Please type in the code shown below Please type in the verification code All comments are moderated and posted live

    Original URL path: https://www.rabodirect.ie/more/media-hub/blog/reasons-to-save-for-home-improvements.aspx (2016-02-16)
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  • Top reasons to start saving for a new home
    Open Account Log in Top reasons to start saving for a new home In numbers Submitted by RaboDirect ie on Tuesday 04 August 2015 No comments Category Personal Savings Saving for a new home can be a daunting task We recently carried out research to find out from those who have been there done that if they have any lessons to share and what they would do differently if they could do it all over again From postponing weddings to moving back home here are some of the results in numbers Find out more about saving for your new home with RaboDirect Tweet Previous post 8 key steps to home improvements From tired domicile to hip space Back to Blog Post comment Name Please fill in your name Email address For verification only it will not be published Please fill in your email address Please fill in a valid email address Comment Please fill in a contribution or question Please type in the code shown below Please type in the verification code All comments are moderated and posted live during working hours Categories Business Savings 9 Investments 18 Partnerships 12 Personal Savings 48 Theme Education 1 Holidays 1 Life Money

    Original URL path: https://www.rabodirect.ie/more/media-hub/blog/top-reasons-to-save-for-a-home.aspx (2016-02-16)
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  • 8 key steps to home improvements: From tired domicile to hip space
    from their book and don t even think about making a start without considering these key steps 1 Have a plan Sounds simple right Of course you have a decorating plan but pesky little added extras might sneak up on you Whether you ve got a fixer upper or just fancy a little sprucing up you need to think about your needs an architect an interior designer or just a talented builder or tradesman who could come up with a good plan Ask yourself Is it a functional or a beautiful space you re after How long will the work take How will it affect your family Will you need to move out And don t forget the really big question how are you going to pay for it all If it s costing more than you ve saved could you do the work in phases One in three people regretted borrowing to fund their home improvements according to RaboDirect s survey 2 Make a budget A proper one Will it be chic on the cheap or a budget buster If you re not financing the entire project with savings you ll need to factor in the costs of borrowing 3 And stick to it Almost nine in ten 88 people make a budget when planning home improvements but surprisingly less than two thirds 64 actually stick to it If you re the indecisive type know in advance how much a change of mind could cost you Almost six in ten 59 confessed the work cost more than they expected 4 Look for recommendations for tradesmen Finding the right guy for the job is just about as important as finding the right dentist you cannot afford to get someone who doesn t know what they re doing Ask for references get at least three quotes then agree on a price and agree not to pay any more 5 Connect How you get on with your contractor is just as important as their reputation They need to get your style and you need to be able to listen to their expert opinions Above all you both need to be able to communicate straight talking avoids surprises or disappointments Three in ten surveyed for RaboDirect admitted that the end result was different to what they expected 6 Get advice from your peers Keep your eyes peeled and your ear to the ground Ask around be nosy when visiting other people s homes get advice on savvy places to shop or budget friendly short cuts 7 Know your DIY limits Are you any good really now You may fancy yourself as a bit of a weekend warrior skilled in the art of DIY and drilling but ask someone to give you an honest answer Almost six in ten 58 people will try their hands at most DIY jobs However 46 admitted they weren t as good as they thought Be realistic about what you can manage and when you might need to call

    Original URL path: https://www.rabodirect.ie/more/media-hub/blog/key-steps-to-home-improvements.aspx (2016-02-16)
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