One of the most efficient and effective ways for young people to accumulate wealth is through retirement savings accounts. Taxes are normally avoided until you start withdrawing money from them and the annual costs of these types of investment accounts are often considerably lower than other types of investment accounts. And if that wasn’t enough, many employers are often willing to match employee contributions up to a certain amount.
- Our Retirement – Performance page shows the performance of the Buy & Hold investment approach versus the average performance of Irish pension funds from January 1994 to December 2020;
- Our Retirement – Savings page provides a hypothetical example of how someone on a modest income could end up contributing €500 a month if they had a progressive and generous employer. It also provides our calculator estimates of the potential future value of employee and employer contributions and tax savings when invested using the Buy & Hold approach;
- Our Retirement – SSIA Comparison page shows how much an Irish individual could potentially receive for every €4 they save into a retirement savings account compared to the €1 they received for every €4 they saved into SSIA accounts;
- Our Retirement – Suggestion page provides a simple suggestion on how to manage your own retirement savings account.