What age to move from investments to cash savings

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/82003499#Comment_82003499

The word 'risky' means different things to different people.

In 20/21 the well known Scottish Mortgage IT dropped 75% in 6 months.

newatc

I'm 77.

30% Equities

70% Cash

I'm happy with that mix and I expect to stay at that percentage until the handover (unless I go into care when cash will sink !)

OldScientist

https://forums.moneysavingexpert.com/discussion/comment/81999927#Comment_81999927

Just for interest

CPIH March 2022=116.5, March 2026=140.8, so a 20.9% rise

Royal London STMMF, end of March 2022 to end of March 2026 - growth of 17.8%.

So a small real loss for the STMMF. Anyone chasing rates in easy access savings accounts could probably have done bit better than the STMMF so might have broken even or made a small gain in real terms.

DT2001

Dunstonh is as usual spot on, there is not one correct answer. It is down to everyone’s unique position/perspective.

I watched the Fidelity podcast recently produced by Tom Stevenson and Ed Monk which is well worth viewing about the trade off between peace of mind and returns.

I am mid 60’s and OH early 60’s. As OH is still unsure about when she’ll retire I have an ultra short bond holding equivalent to 6/7 years SP inside her SIPP - this is reducing each year as SPA nears. At OH’s SPA we’ll have guaranteed income in excess of our ‘necessities’ spend. I did take some of the paper profits from our global ETFs and put into a spread of income focused investment trusts. Whilst these will fluctuate in terms of capital value they should, if past history repeats itself, continue to return a reasonable % against the original purchase price (and above my % goal for a WR). If one uses the portfolio analysis at Fidelity it shows by equity/bonds ratio as very high as the ITs are equities. Overall I have 60% global ETFs, 20% ITs and 20% in cash/nr cash SIPP/ISAs (but this includes the SP coverage and funds earmarked for bank of mum and dad assistance). At the moment my thinking is that I will draw a fixed % of the total and if necessary top up from the cash fund which I am hoping will allow me to hold a lower %.

Bostonerimus1

I will always be 80% plus equities because my main goal is growth and to leave money to my family.