Investing in retirement is a subject of much scholarly research, strong opinions and a whole boatload of crap information. My job today is to cut through all of that and give you the stuff you really need to know and do to invest successfully in retirement.
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This podcast is brought to you with the help of Seven Investment Management, who specialise in multi-asset investing, something I talk about a lot, and which I think should form the core of most people’s investments. 7IM have been helping me out here on MeaningfulMoney for ages, and I'm very grateful.
You can see what they’re up to at 7im.co.uk
It IS possible for anyone to achieve their goals, whether financial or otherwise, by following some pretty basic rules.
Hopefully what you’ll find here are simple tips and tricks to help you in your financial planning. If I can help in any way, email me here, or contact me via the SocMed links below.
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Brilliant resources – thankyou so much for making all this advice so accessible. Am confused though with how to meet two points of your guidance: (1) keep fund choices simple and have a single multi-asset fund and (2) use the investment ladder.
My wife and I have an ISA and a SIPP each and to manage tax we will need to drawdwon funds from all 4 over the first years of our pending retirement. The investment ladder suggests we need to have 3 categories of investment (cash plus increasing levels of risk) in each of the 4 pots. That could mean 12 separate investments (if we use the same funds in each vehicle, it is still 12 pots).
Am I misunderstanding your guidance? or is this as simple as I can make it?
You’ve interpreted things correctly, and if you were coming to my firm for advice, this is likely what we would build for you, perhaps using a different multi-asset fund at each of the risk rungs of the ladder. But I can see how this might be tricky to build for yourself, or seem unnecessarily complex.
This video might help you – there are some simpler versions of the ladder towards the end: https://meaningfulmoney.tv/2024/01/05/will-you-run-out-income-and-cashflow-in-retirement/
brilliant thank you so much!