Metlife Retirement Portfolio

Ribin

Thanks some useful thoughts - Having read the reports, I did like the PAT approach to investment

kidmugsy

Ribin wrote: »

Having read the reports, I did like the PAT approach to investment

I enjoy investing, my widow-to-be doesn't. For her PAT might be an attractive buy-and-hold investment.

bmm78

Ribin wrote: »

I have decided to go the MGM Flexible annuity route ( I know capped drawdown would probably be more beneficial but don't want to manage the investments myself). MGM Figs are max income £24.5k min £10.2k with 1.1% annual fee.

My question is - to achieve an income of £20k p.a. would I be better off setting my withdrawals from the plan at the minimum and top up from my tax free cash of £145k, thus mitigating tax and allowing the plan a better opportunity to grow OR should I just take out the MAX cash each year, to get as much cash out as quickly as possible and invest any surplus alongside the TFC?

Any thoughts?

Cumulative income can often work out better if you max out the income and accept that there is a bigger risk that the income will drop in the future. It does require a bit of discipline with what you do with the additional income, as well as keeping an eye on fund performance.

An important point to note with investment-linked annuities is that only the minimum income can be used towards the £20k Flexible Drawdown limit.

Ribin

Having digested and researched the advice on here I have now done a U turn in my thinking and am now looking at capped drawdown without guarantees but to give me some peace of mind I am considering funds with volatility controls. MetLife in conjunction with Blackrock do such funds and whilst their performance is not that exciting, they have performed well when the market has turned whilst still giving reasonable growth.

Just wondered what the collective thought of such funds?

Here is an article
http://www.risk.net/insurance-risk/feature/2273271/insurers-look-to-volatility-controls-to-support-longterm-guarantees