How to Maximise Your Income in Retirement (3 simple steps)
Financial Planning
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For a higher more sustainable income in retirement, you’ll need a higher level of investment growth, and to get higher levels of growth you need to take more risk.
With higher levels of investment risk come higher levels of short-term volatility. If you think you can stomach a 40% drop in the value of your portfolio, without panicking, then being 100% invested in stocks and shares may be right for you. If you think that would stress you out, then you need to reduce the risk by adding an allocation to bonds, or other diversifying assets, to your portfolio.
Watch the first video in this series here:
• How much do you need to retire? The 4...
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0:00 Recap
2:25 Risk & Return
6:15 Investment time horizons
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