Equities exposure when approaching retirement age

kempiejon

An income stream that doesn't pace inflation with a long drawdown would need some fettling#, perhaps liquidating to maintain lifestyle.

Mick70

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

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 

kempiejon

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.