Have a plan for the big events in life. When we start our financial advice conversations we usually have an early discussion about financial goals. These are rarely about some random figures such as, “My goal is to have €500,000 in my pension plan when I retire”. Because that means nothing… It’s far more important to know what you want your money to do for you. Instead these conversations tend to be about specific situations or events such as, “I want to retire when I’m 60” or “I want to finance my kids right through college”. Your financial plan is then about generating enough money to enable these events to become a reality.
We will help you plan for these events, from the start of your working career and then right through life. Each of these events will have a fundamental impact on your financial situation, and we will help you anticipate and plan for them. They include,
A new job: Usually this will result in an income increase (hopefully!) and probably a change in your employee benefits.
Marriage: A very significant financial change where you and your better half marry your fortunes together. Also now your financial goals and needs substantially change.
Moving House: A new home usually results in new debt and changed regular expenditure.
Children: Apart from the obvious immediate costs, your attention will soon turn to increased living costs and future education costs etc.
Retirement: A significant financial event as the income tap turns off and it’s time to live off savings.
Death: This could be your own death or the death of your spouse or parent. Each of these events will have a significant financial impact.
Other events: And then there are lots of other possible events – buying a holiday home, a significant gift for children, the world tour or maybe winning the lotto! Whatever it might be, there will be a significant financial impact.
The point to remember is that every time there’s an event, money moves. Think about it. The key is that you plan for it.
We passionately believe that we are best placed to help you financially manage your way through these transitions. Yes, you will need a solicitor when buying a house, or an accountant when selling your business. But because we focus on your financial picture for all of your life and not just a single point in time, we can help you plan strategically for all of life’s events.
Of course, we will also identify the role and benefits of financial products, such as investments, pensions and protection products. We will put these in place for you where they make sense.
So, consider the events that are important in your life. And then let us help you achieve them to the full.
While you may not like to think about serious illnesses, you are probably aware of its medical implications and the effects it could have. But often overlooked is the financial impact a diagnosis could have on your life.
Patients will likely have increased medical costs such as consultant fees and expensive medications. These costs are a necessity and shouldn’t be something that anyone needs to worry about while they focus on getting the care they need.
Out of pocket expenses
Travelling in and out of hospital can be very expensive, even more so for those that do not have the facilities they need in their home county. Along with this, treatments can result in side-effects, leaving patients unable to use public transport (if this is even available).
Utility bills & childcare costs
Patients may experience increased utility bills due to the extra time spent at home recovering from surgery. Patients with children could also gave the extra cost of childcare, which they may not have needed before. For example, a married couple with a stay-at-home mother, now have to pay the extra costs of childcare if one of them becomes unwell.
Reduction in earnings
Patients (and their family members) may experience a reduction in earnings. Most serious illness patients need to take time off work during treatment and most suffer a substantial fall in income. This can lead to further stress as they may not know how long their employer will pay sick leave for and to what amount. This is particularly relevant for those who are self-employed. Self-employed people, many of whom might not be eligible for illness benefit or disability allowance, sometimes try to continue work between treatments, this an extra worry.
Having Serious Illness Cover will give you one less thing to worry about and letting you concentrate on the main thing – getting better!
We are delighted to have sponsored the jerseys for the Cahir u6-u12 camogie teams. It was such enjoyment presenting these to the teams during the week. It was great to see the amount of young girls dedicated to the sport and the commitment and devotion of their coaches and the club is outstanding. To see the effort they put in with the girls is admirable and it is no wonder that they have such a high attendance at trainings and matches. We wish them the very best with their development and skills and continued success.