I don't mean this as a rant, hence posting it in the GFD's. It seemed a lot easier for the Ordinary Joe in the past to fund their retirement. Anyone who was hardworking & sensible with their moneywould have set up a pension & saved some cash. No big deal. Others who did a bit better picked up one or two properties. No big deal either. Now....Pensions are being hit by the levy (who knows for how long and whether the rate will increase). The safety of Irish deposits is the topic of much speculation. Investment properties are being hit for the annual NPPPR charge of 200 euro which may also increase, along with potential water charges etc and reduced mortgage interest relief. (I'd rather not get into whether these reliefs are justified or not, but whatever the view, the reduction of relief is a cost to the owners).
There are some posters here who are well versed in finance and investments. For most ordinary workers though this level of expertise is beyond reach and the costs too high for the amounts concerned.
So, my question is fairly simple...where is an Ordinary Joe expected to put his money for retirement?
There are some posters here who are well versed in finance and investments. For most ordinary workers though this level of expertise is beyond reach and the costs too high for the amounts concerned.
So, my question is fairly simple...where is an Ordinary Joe expected to put his money for retirement?