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  • FIRST POST
    • maxie014
    • By maxie014 12th Mar 18, 8:42 PM
    • 144Posts
    • 72Thanks
    maxie014
    Which is best?
    • #1
    • 12th Mar 18, 8:42 PM
    Which is best? 12th Mar 18 at 8:42 PM
    Me 54 hoping to retire at 62 at the latest.
    My wife 50 hoping for the same.
    Me final salary pension also paying 75 a week avc through the company i work for.
    The mrs has a small lgps pension also a sipp paying 200 a month in vanguard 40.
    Savings i think we have enough,where would be the best to save more,i take it the wifes sipp would be the best as she wont pay tax at retirement,i was thinking of just paying extra a month in cash for the 20% tax uplift,or would it be better in the vanguard 40,she is quite risk averse.
Page 1
    • dunstonh
    • By dunstonh 12th Mar 18, 9:20 PM
    • 92,613 Posts
    • 59,931 Thanks
    dunstonh
    • #2
    • 12th Mar 18, 9:20 PM
    • #2
    • 12th Mar 18, 9:20 PM
    she is quite risk averse.
    What risks is she averse to?

    Inflation risk? shortfall risk? investment risk?

    Investments may suffer inflation risk and shortfall risk but cash WILL suffer inflation risk and shortfall risk. Investment risk is not on/off but a sliding scale.

    Is it more likely your wife doesn't understand these things and her lack of knowledge and understanding could do more damage than good. Have you tried to explain these things to her?
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • Brynsam
    • By Brynsam 12th Mar 18, 9:26 PM
    • 936 Posts
    • 606 Thanks
    Brynsam
    • #3
    • 12th Mar 18, 9:26 PM
    • #3
    • 12th Mar 18, 9:26 PM
    For more info about risk, try this: https://www.moneywise.co.uk/first-time-investor/investing/what-investment-risk
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