RTE Talking Money on Life Insurance

Back in June (sorry for the delay, we had the recording but didn’t post it!) we did a piece on life insurance and both how and why it matters.

As usual, Jill and Karl didn’t always agree on everything but the need to insure against your greatest risk was universally accepted and how to do it sensibly is really straight forward.

You can catch us again ‘Talking Money’ every Monday on RTE Drivetime at about 18:15.

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Central Bank report on Switching mortgages

That so many people can switch their mortgage and don’t was always something that puzzled us as professional advisors.

(dowload the report here)

They found many of the things we intuitively knew but put numbers on it, issues such as inertia, complexity of product, and other issues like naive procrastination.

The numbers are not small either, savings of over €10,000 are being passed by and Irish consumers seem to be willingly paying about €65,000,000 more than they should to the lenders simply by not being more pro-active with their own finances.

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Talking Money – Switch your mortgage to save

This week on ‘Talking Money’ Karl Deeter and Jill Kerby were discussing ‘switching’ with Cormac on RTE’s Drivetime. It was coincidental that many of the points we made were reinforced by the Central Bank findings this week on mortgage switching on points such as assertive customer behaviour being important and not allowing inertia to hold people back.

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Buffet on staying out of debt

When one of the best investors the world has ever known says you should stay out of debt it might be worth listening to! We are advocates of keeping debt as low as possible, this involves financial habits and life habits that lead to financial success. Enjoy the video, the words of this video are full of wisdom.

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Negative income tax

The idea of a ‘universal income’ or ‘negative income tax’ is a proposal that gives people a certain amount of money instead of giving them welfare. It takes everybody and treats them the same, a negative income tax applies a tax rate to a persons situation and depending on your income you either pay tax or receive a top up.

It’s important to note that the ‘minimum’ is not the same as ‘making equal to’ the point at which you start to pay tax. It’s an interesting idea but one which may have practical challenges if implemented.

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Newstalk: Pat Kenny Show on variable rates

We were asked to speak with Pat Kenny today about variable rates and the government plan to intervene to make banks drop them. This was, after considering various pieces of evidence shown to be a deeply political rather than pragmatic move. We also demonstrated that there are documents which the Minister for Finance had drafted up with the banks specifically stating that he would not intervene on matters of pricing, the recent round of ‘meetings’ is in direct contravention of that.

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Property Conference, Thursday 30th of April 2015

We’ll be one of the speakers at a property conference being held in UCD tomorrow which is expected to have about 700 attendees.

Our talk is titled ‘Mortgages, Property & why we can’t have nice things’. It’s a look at intertwined aspects of the financial and property markets as well as why some of these issues occur and will continue to occur.

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RTE Drivetime: ‘Talking Money’ on mortgage rates, 20th April 2015

On talking money we looked at mortgage rates, where they are, where they are headed and what the best choice might be for people who are trying to decide what is best for their personal situation.

It’s a tricky question, rates can and do go up and down, but we believe the long term trend is for rates to go lower, in fact, that trend has already been occurring and there isn’t anything that seems in a position to stop it from happening. This is good news for borrowers (not so good for deposit savers!).

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RTE Drivetime: ‘Talking Money’ on Quantitative Easing, 30th March 2015

Quantitative Easing or ‘QE’ for short, is a process where Central Banks buy assets from commercial banks and it is known to bring down bond yields and drive up other asset values.

This has begun in Europe and on Talking Money we looked at some of the effects it may have and the issues that such a highbrow economic issue raises for regular people.

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RTE Drivetime: ‘Talking Money’ Buy a car, not a clunker 16th March 2015

Cars are one of the larger non-housing purchases people make. They are expensive to own and maintain and the shortage of car purchases during the downturn has meant that second hand car prices are quite high now.

This week on talking money we looked at some of the practicalities around buying a car, the price of buying new and some of the things to look out for.

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