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What's a reasonable annual 'draw-down' from a pension pot
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AnotherJoe wrote: »Dont you think drawdown for a time and then an annuity once past a certain age would be better? Annuity rates aged around 60 are rubbish once you include inflation (whilst ISTM that drawdown inherently caters for inflation)
It really depends on the circumstances. A clean health annuity at 60 may not be worth it. Although by that time, many do qualify for enhanced terms. A short term annuity or drawdown may be sensible for a period.
I wouldnt want to eliminate it without knowing figures first. Once known, it may well be eliminated or deferred until 65ish.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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