In the second instalment on pensions we looked at the situation people may find themselves in if they have waited until their 40’s or 50’s to start saving towards retirement. There are some scary valid concerns but also some good news when it comes to retirement provision started late.
On Monday the 27th of October we had the first of two parts about pensions, the focus this week was that people are passing up money that is on the table for the taking. The other issues were about the kind of advice you get, and the best ways to structure your pension as well as to demonstrate the available funds if you save for retirement.
This week on RTE Radio 1’s ‘Drivetime’ our regular Monday edition of ‘Talking Money’ covered the issue of buying a home. Many first time buyers are starting to feel pushed into the home buyer cohort when they have other options such as renting or buying in a cheaper area, this can make a huge difference and we outlined some of the costs and concerns.
On this week’s installment of ‘Talking Money’ on RTE’s ‘Drivetime’ show we looked at ‘Peer to Peer’ lending (also abbreviated as P2P).
There are downsides and upsides to it so we thought it would be worth fleshing that out, Audrey Carville who was the presenter on the day even started off with an interesting factoid that neither Jill nor Karl knew about!
We started off our ‘Talking Money’ series with RTE’s Drivetime (tune in Monday’s at 18:15!) with a talk about the effects of overpaying debt, in particular mortgages.
Paying off debt can often be better than savings because of the difference between the effect debt has on your wealth versus the effect of earned interest on savings. We covered all the bases and tried to explain it in plain English.
We hope you enjoy the weekly pieces which will run through the summer, and don’t forget to write down the hot tip we have each week!