Don’t rest on your laurels when you retire

When you finally reach retirement, it is often the misconception that you can now stop planning for your finances because you’ve accumulated enough wealth to warrant a comfortable retirement. That is the time to stay focused. It is even more vital to protect your wealth and prevent your capital from losing value. 

At retirement, your wealth is in capital preserving vehicles that still offer decent returns to ensure your retirement income doesn’t diminish. This could be in the form of annuities, interest earning investments or any other investment vehicles or trusts etc.

It is important to maintain your financial savvy and keep an eye on your investments.

•    Keep your investments diversified to mitigate risk
•    Keep in mind that your retirement outlook is one of preservation
•    Avoid investing too aggressively as the high risk may see you losing capital – unless you have separate funds that you use for your investing habit.
•    Careful not to jump on the hype wagon of the latest investing trend - always chat to your advisor first before investing, to get better insight and all the facts on the new hype.

Your advisor will keep you on the straight and narrow when it comes to your pensions and wealth. If you still have that investing bug in your system, it is normal for a portfolio to allocate around 10% for alternatives and higher risk investing depending on your risk appetite and financial plan. [email protected]

You’ve worked hard to build your wealth and your nest egg, make sure it is protected.

Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere advisor for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.