Really useful video. I think the reason a lot of young Irish people get confused is because of the lack of financial content from Irish TH-camrs. So this is really helpful to clear things up!
As a person in my early 20s content like this is helpful. Would love to see more content for early 20s as all the mortgage and pension talk goes over my head as a student/ part time worker
Yes I’m from a working class background. Growing up just got told to never borrow anything and my parents have their life savings siting in a current account. I know we can all do better but haven’t a clue and can only find US advisers when I search which leads me more confusion 😁
I cannot overstate the amount of translating I’ve had to do over the years between American advice and Irish advice! It all comes down to a lack of content. Now that being said…Graham Stephan is absolutely phenomenal to follow…you just need to know what to filter out.
If you invest 100 euro into your pension with a 40% income tax back, it's not 40% return it's actually 66.67% return! 60 euro multipled by 1.67 is 100 euro
Thanks Paul. That explains my utter confusion and amazement in Philly 3 years ago when I overheard 3 brokers in a bar talking about sheltering their big bonuses in their IRA. Up the RA they were shouting at the end of the night as they were kicked out
I'm pretty sure a Roth IRA is funded with after-tax money so it's like a UK ISA. American "pension" is like a (civil servant) DB pension here. American 401(k) is like an employers DC pension here.
Ireland as state and culture is not very open to personal investment. It has more of a welfare state mentality with everything being under government control.
Really useful video. I think the reason a lot of young Irish people get confused is because of the lack of financial content from Irish TH-camrs. So this is really helpful to clear things up!
As a person in my early 20s content like this is helpful. Would love to see more content for early 20s as all the mortgage and pension talk goes over my head as a student/ part time worker
Yes I’m from a working class background. Growing up just got told to never borrow anything and my parents have their life savings siting in a current account. I know we can all do better but haven’t a clue and can only find US advisers when I search which leads me more confusion 😁
Thanks Kevin, great to hear you like the content. Hope all is well on your travels. Mark - askpaul team.
I cannot overstate the amount of translating I’ve had to do over the years between American advice and Irish advice!
It all comes down to a lack of content. Now that being said…Graham Stephan is absolutely phenomenal to follow…you just need to know what to filter out.
The American market place is much more sophisticated and offers far less tax liabilities.
Great advice Paul ,might pop in for a consultation some day
If you invest 100 euro into your pension with a 40% income tax back, it's not 40% return it's actually 66.67% return! 60 euro multipled by 1.67 is 100 euro
For the lower rate of income tax it's 25% return not 20%. 80 euro multipled by 1.25 is 100
Thanks Paul. That explains my utter confusion and amazement in Philly 3 years ago when I overheard 3 brokers in a bar talking about sheltering their big bonuses in their IRA. Up the RA they were shouting at the end of the night as they were kicked out
Thankyou Paul. More Irish content is just what is needed 👌
Thanks 😊 great to here you are enjoying the content. Mark - askpaul team
Brilliant video, great to see qualified Irish-based advice in response to these American videos, which are unhelpful to people here.
Only financial advisor I have ever heard to recommend a managed fund over a passive fund.
I'm pretty sure a Roth IRA is funded with after-tax money so it's like a UK ISA.
American "pension" is like a (civil servant) DB pension here. American 401(k) is like an employers DC pension here.
This is what they should be teaching I irish schools, not teaching us how to be factory works
Great content Paul 👏🏻
A Roth IRA is not the same as Irish Pensions such as PRSA.
Subscribed gonna go through your content seems applicable and useful
Thanks Michal, let us know if you have any questions.
Mark - askpaul team
A good watch. I think many people will find this very helpful.
Thanks Leanne, it was great chatting to you this week 👍
Mark - askpaul team
Great video Paul....just one question, when you have a company pension and they match 5%..is that of your gross or net pay?
It’s off your gross pay 👍
Thanks Mark - askpaul team
Can you do a video on offset tracker mortgage please
Good idea 👍
Is it expensive to book an appointment with a financial planner?
Ireland as state and culture is not very open to personal investment. It has more of a welfare state mentality with everything being under government control.
Hi what's the best way to contact you ???