Seriously? This is an utterly irresponsible position to take.Maybe you don't actually need professional advice?
Marc do you know what most actuaries do? I know of more than a few actuaries who are top of their game but do not have a clue regarding finances. Over the years I have dealt with many of the so called professionals who to put it mildly are full of it. Agree with Clubman post away.Seriously? This is an utterly irresponsible position to take.
The default on this site should be that posters should be encouraged to seek professional advice and only in the relatively limited circumstances such as someone is a professional investor or actuary should they even contemplate a significant financial decision like retirement without seeking professional advice.
I think you need to re-read what Marc actually said.I know of more than a few actuaries who are top of their game but do not have a clue regarding finances.
It's irresponsible to simply pose the question?Seriously? This is an utterly irresponsible position to take.
Disgraceful comment. Marc's criticism was spot on.It's irresponsible to simply pose the question?
Really?
Sorry if I upset some of the vested interests who post here.
Your post asked for typical fees. so Ill have a stab at answering. Theres many different ways the different people/options charge but somewhere in the ball park of 2-4k for a review and plan depending on how complicated it is - ie is your pension all in Ireland, is it all in one pension or several and it needs to be done in the context of all your finances - your pension pot is just part of your wealth. No-one should advise you just on the pension pot. There are then further charges if plan is implemented by your advisor etc but these aren't necessarily incremental to what you are paying on your investments now.With retirement 5-ish years away, what would be typical fees for retirement advice from independent advisors for someone with a total pension pot (now) of just under 400k.
.... or should i take the lazy way and go to Irish Life ? (My pension funds/bonds are with them)
I fully agree. On an AAM money makeover thread you will usually get get full-spectrum, high-quality financial advice for free. Of course there is sometimes silly stuff like "stop drinking take-away coffee" but the advantage is that no one is trying to sell you a product.Why don't you start by posting your queries here?
Naah. Close down AAM no more posts. Seek professional advise only.Thanks all!
I think i need to do some more homework and then first post it in AAM to get a sense of what's involved, and what to do next, including seeking professional advice.
See you in the Money Makeover section...
For most people the advice is generally:Seriously? This is an utterly irresponsible position to take.
Seriously? This is an utterly irresponsible position to take.
The default on this site should be that posters should be encouraged to seek professional advice and only in the relatively limited circumstances such as someone is a professional investor or actuary should they even contemplate a significant financial decision like retirement without seeking professional advice.
What @Marc was discussing substantively wasn't the usefulness or otherwise of AAM but whether or not professional advice is a prerequisite to making crucial and potentially life altering decisions upon retirement.Wrong. Askaboutmoney.com would be a fairly useless website if the default reply was "Seek professional advice." Maybe Brendan should simply automate that so that it came up as the reply and then the thread would be closed.
People come to this website to get impartial and free advice which will make them aware of what questions they should be asking when they do eventually seek professional advice. They can also get some excellent information here about options that they might not have otherwise been aware of.
What @Marc was discussing substantively wasn't the usefulness or otherwise of AAM but whether or not professional advice is a prerequisite to making crucial and potentially life altering decisions upon retirement.
No Gordon did approach one but the two crowds I got to create plans are well recommended and respected doing well today.That’s very shortsighted.
You went to celebrity charlatans in the build up to the financial crisis, got burned, and now you want to paddle your own canoe instead of speaking with an expert.
My Dad’s portfolio fell by 40%-ish during the GFC. It was back above water after about 4ish years and has done very wel since.
There are chancers and there are serious professionals.
Just because Dr Nick chopped-off your leg by mistake, don’t forever avoid medical professionals.
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