Informed Decisions Independent Financial Planning & Money Podcast

If you are lucky, every now and again you will get introduced to someone that opens your eyes, that adds real value to you. I've been fortunate, partly due to my general curiosity and partly because I've been blessed to just encounter some really interesting people, to have met several such influences recently. This week, in a very short piece I'm aiming to share the love a little! Paddy.

Will 2020 Be The Best Year Ever For Irish Investors? We take a look at some of the headline facts of recent performance, to shed some light. We also share a few concise truths that Irish investors (as distinct from speculators) might benefit from being reminded of. Hope it helps. Paddy Delaney QFA RPA APA

When Chip offered to appear on the Informed Decisions podcast we jumped at the chance to speak with him. Chip Munn is a senior financial advisor and CEO of Signature Wealth Strategies in South Carolina in the US. He is the author of The Retirement Remix: A Modern Solution to an Old School Problem, and host of The Retirement Remix and Maximum Advisor podcasts. Chip shares his ideas on: - building successful businesses - retiring with purpose, and on your terms - the role of financial planning in our lives Hope you enjoy, Paddy Delaney. Chip's website: Book Recommendations (Irish websites to buy them if you wish - not affiliate links!!) The 4-hour work week The E-Myth Rocket Fuel Paddy Delaney Informed Decisions

Patricia Rickard Clarke has unique experience in preparation for, and planning for future life. Patricia shares her insights on: - Preparing for our financial future - Preparing for care and health wishes - Preventing and avoiding abuse issues of ourselves or loved-ones. Patricia has, and continues to work across many organisations and groups who are focused on the promotion and development of rights and wellbeing of people who are or may at some point be vulnerable. Resources: https://www.safeguardingireland.org/about/ https://www.sageadvocacy.ie/ https://www.mhcirl.ie/DSS/ https://hospicefoundation.ie/ https://www.easons.com/being-mortal-atul-gawande-9781846685828

Hi, If you are wondering 'how does an ARF work', may I suggest we consider instead the question; 'how should an ARF work'!? Given that your draw-down strategy in retirement will be one of the biggest financial decisions you will make in your mature life, this really is a topic worth doing some homework on. Unfortunately, ARFs are generally managed in a pretty laissez-faire manner by most providers. They take your money, stick it into a mid-volatility fund and hand you a cheque every month for 4% of the average over the month, and let your hard-earned pot do whatever it will do. There are options. Paddy.

This week I share with you 5 instances where you should seriously question the advice you get from your financial advisor, and some questions to ask to help explore the suggestions! Now, if you've got a good one whom you trust, your Financial Advisor can be the difference between you having a successful financial life, and not. But if your advisor gives you a bum steer that you act on, the impact of that could be significant on your long term financial success. Paddy Delaney Informed Decisions

Dr. Thomas Gilovic has conducted several studies, some spanning decades, which measured the level of satisfaction and joy that people get from experiences versus material purchases. Here is a link to one particular study he was involved in, the insight of which is really quite fascinating. There appears to be three core reasons that experiential purchases give us more long term satisfaction. Hopefully you get some value from this week's episode. Enjoy! Paddy Delaney.

What happens my pension when I, you know!? I'm never one to shirk the hard questions, but it seems crass to talk of 'you know' while all of 'this' is going on! If you are any of the following, you really ought to know about this: A director of your own company with pension benefits An employee and an active member of the 'Company Pension Scheme' A former employee of a company, with benefits still in your old employer's 'Company Pension scheme' "Life is like playing the violin in public and learning the instrument as one goes on", or so said the 19th Century English author Samuel Butler. I'm including that quote for no other reason than I really like it. A friend of ours recently had a baby, and she is bouncing hundreds of questions off Fiona (who is an 'old hand' at this stage!). It just goes to show that we are all learning. None of us know everything - a valuable lesson in humility in times like these! I hope this helps, even a little! Paddy Delaney Informed Decisions

In this weeks' Podcast you will hear from someone with some unique insights on the topics we discuss week in and week out. Dr. Moira Somers from Canada is someone I have admired and benefited from learning from in recent years. In our conversation, Moira shares some ideas around: - Why money decisions can be very difficult for many of us - What we can do to make it a little easier - When to seek financial guidance, and how to find one that will help you most - Moira's top tips to reach your financial priorities We hope you find it of real interest, and of value to you. Thanks, Paddy Delaney Dr. Moira Somers Website: https://moneymindandmeaning.com/about-moira/ Advice That Sticks Book: https://www.goodreads.com/book/show/38821455-advice-that-sticks

Wondering what the best investments 2020 are?! Or if your investments or pensions are down the pan!? It is indeed one of those 'once every 5 year' situations for investments at the moment (more on that later), but we hope to share some insight that will help you see the wood from the trees. If you are a regular or occasional visitor or listener of this site you likely have a fair idea of our response to the question of which are the best investments 2020. Short answer remains; investments which are low in cost, high in diversified equities and high in a decent track record versus it's peers. But, has the sheen of that 'Holy Trinity' been tarnished based on how 'things' have gone so far this year!? Let's see.....