Dempsey Financial Planning
Dempsey Financial Solutions does lifestyle Cash flow planning. Its something that’s fairly new to Ireland but it has been the method of choice in Financial Planning in the USA, Australia and Canada for many years now and in the last three years has grown substantially in the UK and Ireland.
You work with one of our team to plan out your financial goals using our bespoke software programme which will compute your tax both income and Inheritance tax, and more importantly give you a real Net Worth figure.
Once we have input your data we can have a much more interesting chat about the “What if” scenarios in your life.
It’s a really easy tool to work with as it gives you a high level colour coded picture of your financial life now and can easily show you what you need to do to dridge the gao between where you are now and where you need to be in 10-15 years’ time. Although it’s a helicopter view of your financial life we can dive down into any level of detail you wish in the plan without losing our focus on the overall objective…Financial Freedom.
Its starts with a conversation with Padraic Dempsey with no charge and no commitment, and continues as a relationship requiring commitment from both sides. We will help you to come up with your own flexible financial plan that you can share with your accountant and together we can look at the various “what if” scenarios in your life and avoid any nasty surprises in your financial future.
5 Steps to create your plan
Step1
To ensure that the money you are currently spending on financial products is being spent in the most cost and tax-efficient manner possible. For example:
- Are you collecting all the tax allowances available to you?
- Is your debt structured in the most tax effective way?
- Are you carrying debt you shouldn’t be carrying?
- Are you paying too much for your debt or life assurance?
- Are the charges in your savings and investments plans too high?
Step2
You may not know what your lifestyle income is, i.e. the money you spend on your current lifestyle, not your future lifestyle. In this step we identify your lifestyle income and the unencumbered assets that will be require to fund that income into the future.
Step3
The identification of the shortfall (if applicable) between the assets values required for your Financial Independence (as outlined in Step 2) and the future value of the assets that you already own. We then identify the most suitable and tax-efficient methods to close the gap.
Step4
Identify the actions requires to protect your plan against the possible threats that could be presented by accident, serious ill health or death.
Step5
A regular review of your Financial Independence report should be ongoing to ensure that you remain on course throughout your journey.
Other Services
Many of our clients have legacy debt issues from the Celtic Tiger era, these need to be resolved as part of their journey towards financial independence. Dempsey Financial Solutions are authorised by the Central Bank to broker debt management solutions with the banks on behalf of our clients. Dempsey Financial Solutions have had notable success with the banks in this area in the last two years with both NAMA and the banks agreeing restructures or debt forgiveness
Why Choose Us?
- New concept to Ireland
- Bespoke software programme
- Decades of financial experience
- Personal 1-1 service
- We will save you money
- We will protect your money
What Client’s Say
“I would like to express my thanks for the work you have done for me over the past years. The expertise and attention to detail with which you handle my financial affairs is excellent. Your continual advice on financial planning issues has saved me significant amounts of money.”
“My wife and I came to you to discuss the options that were available for our future financial planning. We were very impressed with the personalised professional service and advice given to us and how you have tailored this specifically to suit our situation and future needs. We now believe that we have the right structure in place to hand over our estate to the next generation.”
“I have been a client since 2013 and would highly recommend the services of Dempsey Financial Solutions. Padraic and his team assisted me with my complex financial structures and I have been more than happy with the results. I will definitely continue to avail of their service.”
“We came to Dempsey Financial Solutions in 2009. We know how to earn money and how to spend it but when it came to financial planning we had no idea. After meeting with Padraic we took on his recommendations and here we are 6 years on, extremely pleased with the decision we made. We find the entire DFS team courteous, helpful and easy to work with and they are so easy to recommend to others.”