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MASON WEALTH MANAGEMENT BLOG

admin, Apr 30, 2018

Retirement planning is something that’s often put on the back burner while other important stages of life are happening. You could be buying your first home, and then raising a family. Retirement can seem an awful long way off in the distant future. Retirement will come much quicker than you realise, and you could regret not putting any retirement planning in place. It doesn’t have to be a complicated process, especially if you know how start the ball rolling, or you can get the professionals in this field to help you. To get you started here are 7 tips to help with your retirement planning.

 

1. Start Planning Early

The earlier you start your financial planning for retirement the better. Just a few years of delay can make a sizeable difference to your pension. This is because money makes more money. In the first year your contributions to a pension scheme will make some money. In the second year you have your contributions plus the previous years profit making money. It is a snowball effect, and the difference…

Retirement planning is something that’s often put on the back burner while other important stages of life are happening. You could be buying your first home, and then raising...

admin, Mar 21, 2018

In the male dominated world of the past, retirement planning in Ireland was often thought to be something men mainly need to be concerned about. Over the decades we have made progress and job equality is closer than ever. Finally, national Governments are taking steps to acknowledge that women retire as well, and they also need to have their finances in order before finishing work.

The present system for calculating the state pension is unfair for women that have had a few years out of work to raise their family, but change is on the way and from March 2018 this anomaly will be gone for women that retire after that date

 

The Present System For Calculating The State Pension

Under the present system, known as averaging, the first PRSI stamp is the starting point, even if that was from a summer job as a student when you were only 16/17. Then the year the last stamp is paid gives the number of years the average is taken over. If a woman takes for instance, 20 years out of work to raise…

In the male dominated world of the past, retirement planning in Ireland was often thought to be something men mainly need to be concerned about. Over the decades we...

Business aid

admin, Feb 27, 2018

It is very easy to get fully engrossed in the day to day running of your business and let your own financial affairs slide. As a business owner, you have a lot to deal with your records, some of which can result in heavy penalties and fines if they are not done correctly and within certain time limits. Your PAYE and VAT are two prime examples you cannot let fall behind or you will have to face the wrath of Revenue.

Then you have to take care of your employees, ensuring health and safety measures are in place so no accidents happen in your workplace. You want them to work efficiently for you, so it’s important you take good care of them. Once the Revenue is happy and your employees are fine, there are your customers to look after. Without them you have no business, so they are potentially the most important aspect of all. 

Finding out what the best financial advisors Dublin has to offer you is…

It is very easy to get fully engrossed in the day to day running of your business and let your own financial affairs slide. As a business owner, you...