Many Irish parents in their fifties are still financially supporting adult children—and it's quietly delaying their retirement goals.

Key takeaways:
• Each adult child can cost around €15k–€20k per year in ongoing support—rent, car, health cover, and general expenses.
• Those costs directly reduce pension contributions and long-term savings, sometimes delaying retirement by years.
• Using tools like the McClements Scale shows how each extra person in the home adds significant cost pressure.
• Setting clear timelines, gradually stepping back support, and redirecting funds into pensions can rebuild financial freedom fast.

When kids finally stand on their own two feet, your savings—and sanity—get a big lift!

I hope it helps!

You've probably wondered: what does financial advice actually cost in Ireland, and is it worth it?

Indeed, many people are also probably wondering if they are actually paying for advice, who may or may not be getting any!?

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Many professionals in their 50s ask that question when they start thinking about retiring, reducing hours, or simply getting their finances in order. They may have accumulated assets through their careers, may or may not have had an advisor during that time, but are now considering the need as they plan their next chapter.

At Informed Decisions, we believe clarity beats guesswork. So let's break down what you pay, what you get, and how to know if you're getting real value.

What you'll learn:
• Typical fees Irish advisors and providers charge
• What clients (should) get for those fees
• Whether advice adds measurable value to clients
• How to tell if advice is independent and worth paying for
• How to find a professional and transparent advisor

If you're retiring in Ireland with around €1 million in pension savings, one of the biggest questions you'll face is whether to take income from an ARF (Approved Retirement Fund) or to buy an annuity.

In this episode, I break down both options in plain English — what they mean, how they work under Irish tax rules, and which might suit your lifestyle and risk appetite.

Key Points:

What's an ARF?

What's an Annuity?

Typical Income from a €1m Pension

Taxation

Pros and Cons

I hope it helps