Burying your head in the sand is not a good option. Worrying about it is, but only if accompanied by action.
The BIG question to ask your adviser is:-
“Am I selling investments regularly in order to cover income withdrawals?”
Don’t take any flannel. The only answers are “YES” or “NO”.
If the answer is “YES” your action should be just as clear. CHANGE ADVISER! But speak to me first on 07770 575122 so that I can set you in the right direction.
If you think your investment strategy involves “model portfolios” or “discretionary management” there is a good chance you are in trouble and you really do need to take this seriously.
I am a great fan of Drawdown Plans. It is the way I manage my retirement income. However they will only work if the cash flow and investment management strategies are right. For many people unfortunately that is not the case.
The biggest single reason drawdown plans don’t work is selling investments at the wrong time to cover withdrawals.
My strategy is quite clear – it isn’t a kneejerk reaction to what has happened in the markets recently. Links to my previous blog on this and related matters can be found below.
Don’t wait until the money starts to run out and you have to substantially cut back your income. Book a call by using box on the right and let’s talk through your options.
This document and our on going services are not personal advice. We'll give you all the help and guidance you need to make your investment and retirement decisions, but we can't advise you. If you're not sure whether you need regulated financial advice we can put you in touch with a suitably qualified and experienced regulated adviser. Because we are not regulated by the Financial Conduct Authority you will not have access to the Financial Ombudsman Service in respect of any complaints. If you use one of the "no advice" on line services to handle investment transactions they will be Regulated and you will have access to the Ombudsman and The Financial Compensation Scheme in respect of their services. The value of investments/pension plans can fall or rise depending on market performance. The Retirement Team and The Investment and Retirement Coach are trading names of Capture Success Ltd Reg No 01825075 Tel 07770575122