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Drawing income from SIPP
fcandmp
Posts: 155 Forumite
This may sound straight forward but it is the first annual review of SIPP since commencing drawdown and I would much appreciate other’s experience.
I should start by saying I hold two years cash to meet my cautious needs and have a proportion of income funds, but the bulk is in multi asset accumulation funds.
So, when it comes to rebalancing cash what do I sell? I don’t hold bond funds outright and am therefore faced with a decision as to which funds to sell. How do people approach this question and does past performance have any bearing on the decision (as far as I can see I hold no dogs.)
Many thanks for your thoughts and experiences.
I should start by saying I hold two years cash to meet my cautious needs and have a proportion of income funds, but the bulk is in multi asset accumulation funds.
So, when it comes to rebalancing cash what do I sell? I don’t hold bond funds outright and am therefore faced with a decision as to which funds to sell. How do people approach this question and does past performance have any bearing on the decision (as far as I can see I hold no dogs.)
Many thanks for your thoughts and experiences.
0
Comments
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Just sell enough to rebalance back to your original allocation.“So we beat on, boats against the current, borne back ceaselessly into the past.”0
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So, when it comes to rebalancing cash what do I sell?
You rebalance to the allocations that are most suitable for your chosen strategy/risk profile.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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