Retirement Planning

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Retirement Planning has historically been connected to the selling of ‘Pension Plans’. However, this approach is contrary to the philosophy of Curran Financial Services.

While Retirement Plans are a hugely useful component of any Financial Plan, they should nonetheless only be included as part of the entire process to attain Financial Independence rather than the sole method.

With the tax breaks offered by revenue, they are by far the most cost effective method available today, and for some individuals it is possible to invest €2 for every €1 contributed. Similarly, for company directors and the self employed they are highly effective means of taking company profits into your personal ownership.

There are a multitude of different Retirement Planning Structures available, and they include:

  • Insured Personal and Executive Pension Plans
  • Self Invested Personal Pensions (sole traders & professionals)
  • Small Self Administered Plans (company directors)
  • PRSA’s (insured & self administered)
  • Approved Retirement Funds (for retiree’s to drawdown from)

The most appropriate structure depends on a number of factors, including age, income and likely contributions.

At Curran Financial Services, we view the investment strategy as an entirely separate process to the selection of a retirement structure and do not base retirement planning on whatever investment product may be considered ‘in fashion’.

Only once a suitable structure is in place will we begin to assess the most appropriate strategy for balancing required returns against the necessary risk.

Our risk/reward analysis uses the most up to date portfolio management tools to assess the recommended asset mix for a client. This mix will be based on:

  • The goals of the client, relating to Financial Independence
  • The clients attitude to risk. Everyone is different and rather than simply asking you to rate yourself, we use a psychological questionnaire to investigate your attitudes to a multitude of different scenarios. This allows us to better evaluate your ‘true’ attitude.
  • Allied to this is the necessity of working out your attitude to risk. Everyone is different and rather than simply asking you to rate yourself, we use a psychological questionnaire to investigate your attitudes to a multitude of different scenarios. This allows us to better evaluate your ‘true’ attitude.

Once we have a combination of financial targeting and attitude analysis, we will recommend your portfolio and will help you go about using the funds available on the market to create it.

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