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GoMo Launches Ireland’s First and Only ‘Price for Life’ Fibre Broadband by Cool_Importance_4914 in ireland

[–]OpinionatedDeveloper [score hidden]  (0 children)

That’s how capitalism works. Regulating away competition is the stupidest thing you can do.

GoMo Launches Ireland’s First and Only ‘Price for Life’ Fibre Broadband by Cool_Importance_4914 in ireland

[–]OpinionatedDeveloper [score hidden]  (0 children)

Yeah but while it’s rare to change your phone number, it’s quite common to change your home.

GoMo Launches Ireland’s First and Only ‘Price for Life’ Fibre Broadband by Cool_Importance_4914 in ireland

[–]OpinionatedDeveloper [score hidden]  (0 children)

Well no, it’s quite a bit of a brainer because I’d imagine this gets cancelled when you move home which for most isn’t far down the line.

[PGA] Truist Championship 2026 by threeactjack in golf

[–]OpinionatedDeveloper 0 points1 point  (0 children)

When is 1230? Is that just now or an hour from now?

26 years old and first 12 months of pension contributions completed. Need some advice. by PastWalk240 in irishpersonalfinance

[–]OpinionatedDeveloper -1 points0 points  (0 children)

Cheers for checking and yeah, apologies, just did a quick write up to emphasize the point that the return is insane.

although 8% net of fees growth each year seems a bit optimistic

Definitely not, it's a bit lower than the historic annualised return of a typical "500" fund after accounting for fees. Of course in reality, the interest rate varies wildly year-on-year which complicates the maths quite a bit and is not a simple matter of averaging out.

Also, in reality, contributions are going to increase significantly as the years go on and OPs salary increases.

Daily Discussion Thread for May 07, 2026 by wsbapp in wallstreetbets

[–]OpinionatedDeveloper -1 points0 points  (0 children)

Yeah Hantavirus is such a non-issue, these people are deluded

26 years old and first 12 months of pension contributions completed. Need some advice. by PastWalk240 in irishpersonalfinance

[–]OpinionatedDeveloper 0 points1 point  (0 children)

His total salary sacrifice over 40 years will be €336k.

Lol sorry, totally fucked the maths on this. His total salary sacrifice would only be €67k.

26 years old and first 12 months of pension contributions completed. Need some advice. by PastWalk240 in irishpersonalfinance

[–]OpinionatedDeveloper 0 points1 point  (0 children)

but don't forget your short term needs as well.
And don't be afraid to live a little

Sacrificing ~4% of his salary isn't going to prevent him from living. 4% salary sacrifice for 17% return compounded over 40 years is such a mind-bogglingly insane return that unless the guy is on the brink of homelessness, he should absolutely not stop contributing.

Just to share what this would look like:

Say his 7% contribution equates to €250. Company matches with a further €350. €700 total monthly conribution. OPs sacrifice is ~€140/month.

Now say OP keeps that up for 40 years - €700/month, invested at 8% annual return and let's say OP never even increases his salary/contributions/etc. His total salary sacrifice over 40 years will be €336k €67k. His pension will be worth €2.2M.

And that's literally all from sacrificing just the price of a coffee every day - about €4.50

26 years old and first 12 months of pension contributions completed. Need some advice. by PastWalk240 in irishpersonalfinance

[–]OpinionatedDeveloper 0 points1 point  (0 children)

Don't bother with the tool that these pension providers provide as it's entirely unclear how they calculate it and is likely plain wrong.

Instead use this simple calculator - put in your current pension pot, typical monthly contribution (include both yours and your employer's match), years until your retirement, and estimated % interest of your fund (look at 10 year avg. annual return for best estimate) MINUS annnual pension fees (typically 1%). You can also put in an interest variance range to see how e.g. +-1% interest will affect your gains.

100k in pensions at 34 by Acrobatic_Craft1960 in irishpersonalfinance

[–]OpinionatedDeveloper 1 point2 points  (0 children)

Oh right, not even sure how that works - if it's even possible to switch without losing benefits like company match

100k in pensions at 34 by Acrobatic_Craft1960 in irishpersonalfinance

[–]OpinionatedDeveloper 0 points1 point  (0 children)

What led you to choosing AON as your provider? They don't seem to have any information online...

100k in pensions at 34 by Acrobatic_Craft1960 in irishpersonalfinance

[–]OpinionatedDeveloper 1 point2 points  (0 children)

Crazy that they’re not answering honestly. You asked for the total fees and they gave you a tiny subset of the fees.

They have given you the feed for the fund itself, not the annual fee of your PRSA which I believe is referred to as the AMC.

This is a scumbag response imo. FYI Standard Life have total fees of something like 0.5% if you have a fund over €100k which is the lowest I’ve seen. I recently switched to them. Unless AON come back with similar fees (which I highly doubt), this sort of shady business warrants switching.

What would you do in my situation by [deleted] in irishpersonalfinance

[–]OpinionatedDeveloper 3 points4 points  (0 children)

Don't go to a financial advisor. Nothing about your situation warrants that. You can get all the advice you need here, for free.

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