Topping up my pension

NoExpertamI

Having exceeded my 3 score years and 10, I am thinking about reducing my modest ISA investments to no more than half a dozen funds - with a greater emphasis on reducing both risk and cost (charges). Currently I have 43% in stocks (managed funds) and 28% in (largely) corporate bonds. The rest is either in cash (10%) or the money market. These funds cover the UK (51%) and the US (23%). Most of the rest is in greater Europe. At some point in the next year to two I aim to start drawing an income from these savings. By then they may comprise a mix of tracker(s) and one or more managed funds. I would welcome any observations. Thanks

LHW99

May be better posted on the pensions board?

[Deleted User]

LHW99 wrote: »

May be better posted on the pensions board?

It's an investment question, not a pensions question, so surely better here. I'm not qualified to answer but someone will be along shortly to help, I'm sure.

chockydavid1983

43% equity doesn't seem too risky
If costs are high, consider switching to passive funds

Linton

Provided the size of your portfolio is more than sufficient to sustainably provide you with the standard of living you want, your strategy seems sensible to me. At the more detailed level in my view your UK allocation % looks much too high for equity, perhaps a % in the Far East would be beneficial. These problems would be solved by a global tracker perhaps with a small number of satellite funds.

xylophone

http://monevator.com/investment-trusts-for-deaccumulating-income-investors-2016-update/

may be worth a look.