Our Review of 2024 & Your Wealth Management Advice for 2025

Marc Westlake and John McNicholas review key financial events and legislative changes in Ireland from 2024 to help guide informed financial decisions for 2025. They emphasize the unpredictability of markets, the importance of understanding financial news, and strategies for diversified, low-risk investments. The episode is also your exclusive consultation for 2025 and covers significant legislative updates in Ireland, including changes in tax and pension rules, and underscores the importance of regular financial reviews, financial apps, and maintaining a rainy day fund. They also discuss how to manage high returns and the need for a forward-looking approach to financial planning.Main Topics:2024 Financial Performance: Discussion of market outcomes, highlighting the strong performance of a typical 60/40 portfolio and fixed income investments.Legislative Changes in Ireland: Overview of increased inheritance tax thresholds, updated pension rules, and changes to the standard fund threshold.Investment Strategy: Diversification, low-risk options, and the importance of managing long-term vs. short-term expectations.Financial Reviews and Planning: Emphasizing regular assessments to account for legislative changes and shifts in personal circumstances.Financial Tools and Apps: Use of apps like An Post Money to track expenses and aid in achieving financial goals, while being mindful of data privacy concerns.---Thanks so much for listening to this episode of the Everlake podcast!If you'd like to work with us, head to https://www.everlake.ie/ and follow the instructions to book a consultation. If you enjoy this podcast, please share it with a friend or colleague and leave us a rating & review on your podcast app.LinkedIn || YouTube || X (Twitter)This podcast is intended for information and educational purposes only and does not represent a specific recommendation or advice for an individual to follow. Speak to your financial adviser, in the context of your own personal circumstances, prior to making any financial or investment decisions.This podcast uses the following third-party services for analysis: OP3 - https://op3.dev/privacy

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