Protection Questions When Approaching Retirement With Nick McGowan

11/11/24 • 53 min

Informed Decisions Independent Financial Planning & Money Podcast

In this week's podcast I speak with Nick McGowan from Lion.ie about protection from all angles. Particularly chatting about questions that often come up from those that are approaching or just starting retirement. Lion.ie is a bespoke protection advisor based in Tullamore that advises on all areas of protection - mortgage, life insurance, income protection, serious illness cover, etc. Lion offers advise to all but specialise in helping those with health issues get protection at the lowest cost. Key topics:

Should we keep life insurance cover
Is there a financial need
Section 72 policies
Death in Service Benefits while employed
Income protection

I hope it helps. The Trading Game by Gary Stevenson Lion.ie

Should we keep life insurance cover
Is there a financial need
Section 72 policies
Death in Service Benefits while employed
Income protection

I hope it helps. The Trading Game by Gary Stevenson Lion.ie

Previous Episode

How Much Income Will €1 Million Generate in Retirement?

In this week's podcast, I talk about how much income will €1 million generate in retirement.

Planning for retirement in Ireland involves making important decisions about how to generate reliable income from your pension savings (assuming you use pensions as part of your strategy!).

We're going to take the case of our illustrative friend, Harry Houdini, who managed to escape from high-strain corporate role at the ripe young age of 55!

Key points:

Buying an Annuity to generate income
Using an Approved Retirement Fund (ARF) instead
Pension drawdown considerations
How much income will a €1 million pension pot generate?
How do you make it last?

I hope it helps!

Next Episode

Investment Options in Ireland & What It Says About You!

In this week's podcast, I talk about investment options in Ireland.

There are a bucket-load of investment options in Ireland. It is one of the biggest questions we see and hear from people. Yet, the landscape is fairly straight-forward once we get your head around it.

Plus, the route someone will take with their investments is often not led by logic, but by their internal biases. The same occurs when one is choosing their next car to buy!

Show me someone's car, and I'll tell you what kind of investments they have! So much so, I'll go on record as saying;

"The type of car you drive is a lead indicator of the type of investments options you choose" -Paddy Delaney :)

And to jump right-in, here is how I see the investment routes comparing to cars on the Irish roads!!.....

Discretionary Investment Manager = BMW
Life Insurance Investment Product = Volkswagen
Advised Investment Platform = Honda Civic

This week, having had time to do so, I share:

The main investment options in Ireland (via personal & corporate investment and/or pensions)
How they compare to the car you might (or might not) drive, and why....

I hope it helps!

Disclaimer