The Hard Shoulder Financial planning advice for 45-60 year olds
Aug 19, 2025
Sinead Ryan, a Consumer Journalist with the Irish Independent and the Presenter of the Home Show on Newstalk, shares invaluable financial insights for those aged 45-60. She emphasizes the importance of effective financial planning during mid-life, balancing current luxuries with future stability. Sinead discusses strategies for maximizing investments, planning for children's education, and the necessity of having a will and emergency fund. Family involvement in financial discussions and understanding spending habits also play a crucial role in securing one’s financial future.
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Peak Earnings Require Future Planning
- Ages 45–60 are often the peak earning years and a critical time to plan for future income decline.
- Treat spending as mindful investment in priorities rather than mindless splurging.
Invest Aggressively For Retirement
- Maximise retirement contributions now and be willing to invest aggressively in equities.
- Keep only an emergency cash fund and put everything else into investments for growth.
240 Paydays Creates Financial Urgency
- At 45 you typically have about 240 monthly paydays left until 65, framing urgency for planning.
- That countdown explains why many seek brokers and pension advice in mid-40s.