It can be an anxious time watching falling asset values when they are a significant source of retirement income. Whilst now is NOT the time to be making radical changes to your portfolio structure, it is an opportune time to revisit your cash flow strategies for the new financial year. Below are four areas for your review (not all 4 will be relevant to everyone).
Categories for Pension
“How much can I earn in retirement” is possibly one of the most commonly asked question in the financial planning world, and one that is very difficult to answer. As with almost all financial planning issues, there is no 'one size fits all', and the answer is always specific to the individual/couple. However we can still consider the question generically, and how government legislation regarding “minimum drawdown %’s” for account-based pensions can question the sustainability for those over 65, and even more so for those aged over 75 and beyond.