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Endowment dilemma
Dorsetdonuts
Posts: 6 Forumite
My endowment has run for 22.5yrs and has an approx 35% shortfall. It is with AXA in a managed fund. I can take £25k now and try and make the money work harder over the next 2.5 yrs? I can't afford to make the shortfall up by extra payments or anything else so I am trying to look ahead. What would you do? Thank you
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Comments
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It is with AXA in a managed fund. I can take £25k now and try and make the money work harder over the next 2.5 yrs?
or you can switch funds if you think the managed fund doesnt offer the required potential.What would you do?
do a cost/benefit analysis to compare all the options and make a decision based on those facts and some opinion.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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