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’ Financial Milestones, 23rd March 2015

The idea of ‘financial milestones’ is that at certain times in a persons life they should have achieved certain financial goals. This isn’t materialism, it’s simply a money amount which demonstrates the level of financial sense being instilled in the person, the same as school tests show levels of literacy etc.

Karl Deeter and Jill Kerby went through some that children should have at certain ages and why they are important.

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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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RTE Drivetime: ‘Talking Money’ what about those ‘Vulture loans? 9th March 2015

The idea that a buyer of a loan is a ‘vulture’ stirs up a lot of negative connotations. In this instalment of ‘Talking Money’ on RTE’s Drivetime show our very own Karl Deeter discussed the rules that loan buyers have to abide by.

An interesting point is that it will likely be many of the ‘vultures’ who do better deals than the banks will do and that people need not be overly afraid (at least in advance) to their loan being sold because the law is there to protect them.

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RTE Drivetime: ‘Talking Money’ on good versus bad insurance, 2nd March 2015

Talking Money is a segment every Monday on RTE’s Drivetime show where Karl Deeter and Jill Kerby talk about big financial issues. This week it was about insurance, and how to tell the difference between the ‘good’ kind, the ‘bad’ kind and how much each one matters and costs.

This is an important topic because too many people have too much of the wrong type of cover and not enough of the good type.

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The sums behind ‘taxing’ the banks into a rate cut

Yesterday we were on the Sean O’Rourke show discussing variable rates on RTE Radio. We mentioned how doubling the ‘tax’ on banks won’t actually change anything. The mechanisms were briefly covered and we got a few emails asking for clarification so here it is.

The ‘levy’ was part of the Finance Act 2014 which imposed a new annual levy on financial institutions aiming to raise €150 million per annum for 3 years.

This sum is payable on October the 20th in each year (2014-2016) and it applies to a financial institution that is the holder of an Irish (or equivalent EU) banking licence or is an Irish (or equiv EU) building society that was obliged to pay DIRT – unless the amount required to pay in 2011 was not more than 100k.

The main outcry is centred on variable rates for primary home dwellers in particular. So how much of that debt is out there?

We know there are about 300,000 ‘loans’ but the quantum of debt is €39.638m which is about €3bn …

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RTE Today with Sean O’Rourke on mortgage rates

We were speaking with Sean O’Rourke about mortgage rates, that they were falling as part of a trend and that new moves to force them down would likely not work. It came on the back of a piece by Conor Pope in the Irish Times that quoted us in the article entitled ‘New bank levy could see mortgage rates rise not fall‘.

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RTE Drivetime ‘Talking money’, going broke in old age, 23rd February 2015

On the 23rd of February we looked at the very real issue of people going broke when they are advanced in years. This can be a problem due to bad investment performance for those who have pensions, having no pension and not having enough, or outliving your money – what refer to as having ‘too much month at the end of the money’.

We have suggestions, but as always, prudent planning is key.

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Talking Money on Drivetime RTE1: End of community rating, 16th February 2015

Sorry about the delay on the sound clips! We faced a delay in getting them recorded (all our own fault too). On the 16th of February ‘Talking Money’ was one of the early adapters of the issues surrounding the end of lifetime community ratings in health insurance. Listen in as this is going to be a very important consideration up to the end of April and inevitably there will be people caught out by it.

 

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Talking Money on RTE 1 Drivetime: Cash in pensions for the over 55’s, 9th February 2015

On the 9th of February in the ‘Talking Money’ segment of  RTE 1 Drivetime show Mary Wilson had us in to discuss some changes that were coming down the line in the UK for the over 55’s regarding their pensions. This will have an effect on thousands of Irish people and we considered that as well as whether or not the move was a good idea or not.

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