So, you’re retiring?

Naturally, you don’t want to risk losing your money. But just because you’ve stopped working, it doesn’t mean your money should!

What can you do to grow your money each year while keeping your risk low?

While there’s no such thing as a ‘no-risk’ investment, to make the most of your savings, consider choosing a mix of investment options and then leaving your money be – a diverse portfolio left alone can help your money grow, yet keep it safe.

But how do you make sure you get the mixture right?

Grow your money, keep it safe

There are two parts to growing your money with in-built safety. Consider the following:

  1. Choose a broad mixture of assets to smooth out the volatility over time. You may slowly reduce volatile investment options as you age but part of your money needs to keep growing even into your 80s. Let time work its magic and only withdraw what you need to live on each year.
  2. Think about this: in the crash of 2008, if you only took out what you needed to live on (say, one-thirtieth of all your money), then you would have only suffered a loss on that small portion. And after only five years, the markets have recovered.

Next steps

Our recommendation: get professional advice to make sure you’re set up for the best possible retirement.

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