An unaware heiress
A new customer came to see me last month. A widow with long-grown and married children. The reason was her wish to use a small part of the equity in her home for donations to children and grandchildren.The first analysis indicated more than enough space; the monthly...
Are you sure how much pension income you will receive?
We often think that buying a house is the biggest financial expense people have in their lives. That is not true. Usually, the pension involves a (much) larger amount than with the purchase of a house. But in our daily life the pension subject does not get the...
Investing in the stock market now: will I or won’t I
Many of our customers are able to accumulate money every month / quarter. Or there is a gift from the parents, or there is an inheritance. Anyway: with a savings account that no longer yields you are forced to decide whether you also accept the costs of the bank...
Covid-19 and your pension
The newspaper headlines are pretty dramatic: the consequences of the coronavirus have a major impact on your pension. Certainly, the situation is serious. But perhaps not as bad as you think when reading the headlines in the newspaper. The "best" pension system Few...
Bring your next interest rate adjustment forward?
Recently, someone asked me if it is useful and sensible to bring an interest rate review forward by 7 years. Of course with the additional question what in that case the prepayment penalty to be paid would be “net”.The client knew that, compared to the current...
Communicating pension changes: very rewarding!
In addition to our other activities as financial planner, mortgage adviser and asset adviser, we are regularly involved with employers who change pension systems. Our role is in the first instance that we provide explanations. Individual pension advice is sometimes...
Do you have a “Golden Parachute” account too?
Often when employees are lose their job they receive a sum of money from their employer. In the Netherlands, until 31 December 2014 it was possible to use that sum to buy a claim on periodic benefits to replace lost income; the tax burden on the lump sum payment was...
What to do with my scattered small pensions?
A question that occurs more and more frequently, because people change jobs more than in earlier times and work fewer years with an employer. The result is that people often end up with several small pensions.What are small pensions then? These are pensions accrued...
There is no First Aid for Execution Only mortgage victims, and it will not come either!
Your Financials opposes Execution Only mortgages. These are mortgages where advice costs can be saved by shifting many of the responsibilities for verification to customers and artificial intelligence. We are not against it because our business model is under attack...
Is your pension a piece of wet soap to you?
For many people, retirement is like picking up a piece of soap in the shower: hard to get!It starts with the confusion between the state pension date (AOW-datum) and the retirement date. Although the two dates ideally are the same at the end of someone's working life,...
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