Informed Decisions Financial Planning & Money Podcast

Welcome to Informed Decisions, Ireland's #1 Personal Finance Blog & Podcast! Hope you managed to catch last weeks' Podcast with Andy Agathangelou, all about developing more transparency in Financial Services, it was a decent chat! This week I am on a mission to shred some myths about that big question: Should I take my benefits out of my Defined Benefit pension scheme, or leave my benefits in my Defined Benefit pension scheme. Granted it is not a question that everyone of us will need to answer over a life-time but it is one that I see more and more in recent times. In addition to that it is a decision which can potentially have such a significant impact on one's future lifestyle and financial well-being that it deserves a closer inspection! Given that in the region of 60% of people who have a Defined Benefit scheme have left that employment and so will typically have the option to leave if they want. We're gonna try help them understand whether that's a wise move or not! Before we begin I have to declar