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Equities exposure when approaching retirement age

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Comments

  • kempiejon
    kempiejon Posts: 1,004 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    An income stream that doesn't pace inflation with a long drawdown would need some fettling#, perhaps liquidating to maintain lifestyle.
  • Mick70
    Mick70 Posts: 777 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    cfw1994 said:
    Linton said:
    To link to the original topic,…..

    I’m not convinced the original poster is still reading 🫣
    ha  :)   ..  sorry had a maic build up to xmas at work, then managed to get a week off

    No I still haven't decided but some interesting points on the discussion .

    Checked this  morning and my current RL portfolio is 71% equities,  the next one down is 59%.
    I did notice that couple colleagues same age as myself who stayed in the default lifestyle pension have been moved into about 45% equities and that will reduce further yet 

    Guess the point I was making is that I probably have near enough now for retirement and so the nagging doubt is always, why take more risks ?   I still plan on working two more year (for various reasons)
  • Mick70
    Mick70 Posts: 777 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    should add - I am aware I have a decent DB pension also , so don't get me wrong on that , my wife pension however is a lot less (and no DB element) , I'm going to post about her scenario soon  :smile:
  • kempiejon
    kempiejon Posts: 1,004 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Mick70 said:
    Guess the point I was making is that I probably have near enough now for retirement and so the nagging doubt is always, why take more risks ?   I still plan on working two more year (for various reasons)
    Why take more risks, I guess because we're not quite sure if that's enough? Probably having near enough is just the sort of term that I'd use to keep taking the risks.
    It's more a psychological decision than financial to learn to stop playing.
    An alternative view would be to look at capital preservation and index linking. 2 more years of putting some aside perhaps you'll have more than enough?
    I'll tidy up my portfolio in March so might be looking at reducing risk as per a suitable asset balance.
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