Whether you’re saving for retirement, purchasing a home, or building your investment portfolio, a financial planner in Ireland can help you navigate the complex world of investments. However, the decision to work with a financial planner can be intimidating, especially when you don’t understand what services they provide or how they charge for their expertise. In this article, we’ll explain what happens during a financial planning consultation, and how it can benefit you. Go here :https://theinvestorscentre.com/ie/

Financial planning is the process of setting goals and developing a strategy to achieve those goals over time. During a financial planning consultation, your advisor will ask you to clarify your short- and long-term goals. This step ensures that your recommendations are aligned with your needs, and can be adjusted as your situation changes over the years.

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A financial planner can help you build a well-structured financial plan, choosing appropriate assets, assessing and managing risk, and reviewing your performance to meet your investment goals. They can also help you manage your tax position by reducing your taxable income and advising on the use of investment schemes such as the Employment and Investment Incentive scheme and capital gains tax (CGT) reliefs.

A financial planner can also help you prepare for your retirement, advising on different types of pension plans, including Personal Retirement Savings Accounts (PRSAs) and occupational pensions, as well as suggesting ways to grow your savings during your working life. They can also help you plan your retirement drawdowns, guiding you through strategies such as a managed income fund, which invests in bonds and high-dividend stocks that pay regular dividends, or an annuity, which offers a guaranteed, steady income for the rest of your life.