How to avoid being poor in retirement – Darcy Ungaro

According to the Retirement Commission, almost one in three people today don’t think they’ll have enough by age 65. Inflation has likely messed up the numbers, so ask yourself this: Will you have ‘enough’, ‘just enough’, or ‘not enough’? Your retirement outcome depends on two things: When you start preparing, and the decisions you make […]

How to know when and how to retire

When to retire is one of those sticky questions. It’s financial. It’s psychological. And sometimes it’s out of our control. The idea of stepping out of the workforce in your mid-60s with possibly three decades of living in retirement ahead is unnerving, especially when it comes to your future financial security. “Money is part of […]

How to qualify for two state pensions – and get increases for life

Ireland may be close by, but this doesn’t make the rules around pensions any less complicated.  The number of paid Pay Related Social Insurance (PRSI) contributions you require before being eligible for an Irish pension depends on when you reached pension age. If it was on or after 6 April 2012, you need to have […]

How to save for retirement: Investment tips for moderate risk takers

I am 35, and recently started a new job with a monthly income of ₹1.5 lakh. I have no significant liabilities and can save 40% of my income. My investments include: ₹10 lakh in MFs (large- and mid-caps, and debt funds); ₹5 lakh in fixed deposit; and ₹3 lakh in PPF. I aim to accumulate […]

How to decide on your retirement corpus

I work in the IT industry and have plans to retire in the next 10 years. I have already planned for my daughter’s education expenses and kept ₹50 lakh aside for this. At present, this amount looks good based on her education plans. I have invested in two properties that are valued at ₹1.2 crore […]

How to make pension contributions to lower your tax bill

Top-rate payer? You can save 60.8pc If you use salary sacrifice, your employer might decide to pass on the savings it makes in National Insurance to you via your pension. Additional rate taxpayers would save 45pc in tax, plus 2pc in National Insurance. If the employer passes on its own 13.8pc in National Insurance, this […]

Retirement Revolution: How to use the 555 formula to retire early?

The onset of the new year prompts a sensible commitment to dedicating daily hours to enhance one’s understanding of personal finance. Our journey begins with an exploration of the rule of 72, paving the way for investors to delve into aligning their investment strategies with retirement planning. Recognizing that not everyone aspires to work indefinitely, […]