All your finance queries answered by Eoin McGee
Summary
Financial planner Owen McGee joins David McCullagh to address listener questions on personal finance. They discuss strategies for managing children's savings, including inheritance tax implications and the benefits of a 60-40 investment portfolio over bank accounts. The conversation also covers pension drawdown timing, the importance of maintaining long-term investment discipline during market volatility, and the need for specialized advice on complex international tax matters.
Topics discussed
Introduction and listener contact details
Declan's question on children's credit union accounts
Inheritance tax limits and retaining control of funds
Investment strategies and the 60-40 portfolio
Maria's query on AVCs vs PRSAs and drawdown rules
Managing market timing risks at retirement
Suzanne's concern on de-risking during market volatility
Options for earning interest on retirement lump sums
Tax implications of US inheritance and shares
Closing remarks
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