http://www.independent.ie/business/personal-finance/some--home-truths-1058453.html
Interesting article in the Indo on the whole property vs pension debate, pretty definitive opinion on the advice of starting a pension early. Personally, I completely disagree and think it is never too early to start a pension.
I would love to hear other peoples views on this especially in the current climate and if people agree that holding off paying into a tax effecient pension scheme is better than gambling on the housing market to keep inflating so that the possiblity or releasing equity may be achieved. Do others agree that getting on the ladder is far more important than paying into a pension? Are the majority of the countries financial advisors wrong?
Interesting article in the Indo on the whole property vs pension debate, pretty definitive opinion on the advice of starting a pension early. Personally, I completely disagree and think it is never too early to start a pension.
One of the main points I disgree with is -The consensus of opinion seems to be that you can't be too young to start a pension.....
This is the advice of most financial advisors. This is the advice of the Pensions Board. This is the advice of the Government.
But this advice is wrong.
, that is a pretty sweeping statement and may be the financial objective of certain people but not of all the 23 year old Johnny's that I know.When Johnny starts his first job at 23, his main financial objective is to buy a house and then to get his mortgage under control.
I would love to hear other peoples views on this especially in the current climate and if people agree that holding off paying into a tax effecient pension scheme is better than gambling on the housing market to keep inflating so that the possiblity or releasing equity may be achieved. Do others agree that getting on the ladder is far more important than paying into a pension? Are the majority of the countries financial advisors wrong?