I get lots of emails these days about pretty much all aspects of personal finance. But as we have been dealing this seasons with the subject of The Great Transition, I thought I would pick out a few questions specific to the subject of retirement and investing in retirement, and try to answer them in this week’s show…

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Retirement Questions Answered

Rather than attribute these questions to individuals who have sent them, I have picked these six retirement questions because they represent the kinds of questions I have been getting. In a couple of cases, I have used the questions verbatim, but I have tidied the rest up to reflect the load of similar questions.

Remember, it's not too late to ask a question. If you have one, the best place is in the comments section below, or head over to the Ask Pete page, and maybe I'll record a video answer for you…

Here are the subjects of the six questions answered in this week's show:

• With markets high right now, how can I protect myself from a market correction if I'm about to start drawing from my portfolio?
• If my final salary pension is reduced for every year I take it early, how can I balance the reduced pension against receiving it for longer – which is the better deal?
• What benefits are there in working with a financial planner, rather than an IFA, if I have a specific plan for my drawdown? (This question also takes in the natural yield vs total return subject)
• Does it really make sense to secure some of my retirement income with annuity rates as low as they are?
• Are there any circumstances where it might make sense to intentionally go over the lifetime allowance?
• If I retire early, do I have to reduce my drawdown so my money doesn't run out?

 

Resources

Podcast: Financial Planning vs Financial Advice

Video: Financial Planning vs Financial Advice

Article: PwC blog on Lifetime Allowance

App: 7IMagine on the App Store, and on Google Play

Transcript

As always there is a transcript available for the entire show. you can get it by clicking the huge blue button below:

 

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