expert pension advice in cork
start a pension today
With so many different pension plans and options available we all need some help making decisions that are right for us. If you are looking for a pension advisor in Cork then talk to us.
In my role as a Retirement Planning Advisor I will guide you through the pensions maze in a clear and friendly manner. John Forsythe QFA FLIA RPA
Take the first step today and arrange a Discovery Call to discuss your needs.
OVER 30 YEARS EXPERIENCE
QUALIFIED FINANCIAL ADVISOR & RETIREMENT PLANNING SPECIALIST
REGULATED BY THE CENTRAL BANK OF IRELAND
pensions & retirement planning
frequently asked questions
How much will I need to live on when I retire?
Retirement brings a big change in lifestyle. Your commuting and electricity bills could fall significantly, but your health expenses may increase. You may eat out less often, but you may wish to travel more frequently. How you wish to spend your retirement years will inform how much you should put into your pension.
What kind of pension do I need?
As time goes on our pension requirements change. So, before you take out your pension, it's a good idea to see what type of plan would suit you at your current age.
How much should I save?
This is one of the most common questions people ask - and the answer depends on your circumstances. Your current age, your salary, and your planned retirement age, along with other factors, will help determine how much you should save each month.
What funds can I invest in?
When you take out a pension your contributions are invested in different funds. You can choose to invest your contributions in less risky funds, with smaller potential returns, or higher risk funds, with greater potential returns. We can help you decide your risk profile, so you can balance potential returns against potential risk.
What are retirement benefits?
When you retire you may be eligible for certain benefits, such as a tax-free lump sum. The benefits available to you depend on the kind of pension you have taken out and the tax arrangements at the time of your retirement. The type of benefits you are entitled to will be determined by your age, employment, PRSI status, your marital status and your health.
How do I manage my pension?
Your pension shouldn't get in the way of you enjoying yourself, but it's worth keeping in mind as you make life's big choices. If you're planning a long break or a big move, then this will have a major implications for your pension fund. Get advice beforehand to mitigate the effect.
How to start a pension plan
It may sound silly but the first step is to decide you're going to start a pension. Then work out how much income you need to replace factoring in the State pension and any existing provisions. Next decide how much you can afford to get the ball rolling. Include tax relief to ensure that you commit to a meaningful contribution level. Think of your contributions as income set aside for future expenditure and not an expense.