Does your portfolio fit your retirement lifestyle?

Having worked hard for the majority of your life to save money for this point, you are now ready to begin taking money from your pension. With the right strategy, you can help make sure your retirement savings last.

Typically, client portfolios are determined through a combination of the client’s initial objectives and risk tolerance. However, upon retirement it is equally important to consider this, as well as your plans when building a well-diversified portfolio.

Whether it’s travelling the world or financing your new hobbies, different plans create different opportunities for investing for the future. Long term travel will want your full attention, and so riskier products that would have you checking markets daily may not be the best approach, instead consider index funds for lower maintenance. Alternatively, looking at discretionary fund management will help you maintain the risky investments, as a fund manager will make all decisions for you, but this will come at a small cost.

Retirement creates the time for new hobbies. From golf to pottery and everything in between, financing new hobbies can be expensive. With no income from employment anymore, you may want to gear your portfolio to be income orientated in order to fund your new found pastimes.

Most people lack the experience to safely manage and maintain their own investments, and this is where the financial advisers at Ascot Wealth Management come in. With a wealth of knowledge and experience, our advisers are happy to listen to your targets, future plans and risk attitudes in order to create a suitable financial plan, tailored specifically to you.

If you have any questions surrounding funding your retirement, a deeper understanding of your current financial situation, or just some advice on what to do next, contact us so you can spend more time doing and less time worrying.

Please note that this content is to be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances.

Written by: George Kemp

Date: 30 November 2022

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