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Seeking bit advice on my own pension
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Mick70 said:
if we should be looking to transfer all of this into a different vanguard fund (ie 60:40), unsure if you are actually able to do this1 -
Pipthecat said:Mick70 said:
if we should be looking to transfer all of this into a different vanguard fund (ie 60:40), unsure if you are actually able to do this
N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.Not exactly back from my break, but dipping in and out of the forum.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!0 -
Surely the question is what are your projected expenses if you were both to stop working. Then you can add drawdown to current db pension to fill the gap before state pension and see if it all works out. Having a healthy amount in cash is fine if you’ll use that to drawdown from. Good luck0
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LifeStrategy over Target Retirement:1
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Pipthecat said:Mick70 said:
if we should be looking to transfer all of this into a different vanguard fund (ie 60:40), unsure if you are actually able to do this0 -
Mick70 said:Pipthecat said:Mick70 said:
if we should be looking to transfer all of this into a different vanguard fund (ie 60:40), unsure if you are actually able to do this
Other than that, you mostly won’t lose value. If the fund mix of the fund you are selling if very different from the one you are buying, and the one you are selling has lost a lot of value recently in the parts that are not in the new one, if you see what I mean, you are effectively locking in those losses. However you may find that currently your target retirement and your lifestrategy are having roughly the same components - you would need to look at the portfolio information on Morningstar or another site to compare.
Example, - the Vanguard target retirement fund quoted in your OP has pretty much the same proportions of bonds/stocks right now, as the Lifestrategy 60, so it shouldn’t make any immediate or lasting difference - it’s just that your fund mix won’t be automatically moved in the future until you decide to do so.2 -
thanks for sharing this knowledge Pat , posters like yourself do help the likes of me and others who at times find pensions a bit of a minefield
cheers2
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