![]() If only! The pension is a strange DB/DC hybrid as a result of the company being taken over halfway through my time there and plunged in value from £94k to £73k in just 6 weeks during the Truss turmoil How did you bungle that, Robert D? I thought you had a good civil service pension. The learning curve I'm on sometime seems almost vertical and so I really appreciate everyone's help and consideration. With everything already invested, rebalancing, especially into something less likely to make its money back, ie selling equities low to buy bonds, doesn't seem like a sensible course of action. ![]() When any one of my funds gets to a point that I can afford to turn it into cash I will will start to build a fund to act as a buffer against taking further withdrawals at a loss.įinancially its been a crappy time to retire - Inflation through the roof, big drop in bonds and equities (I did have some bonds but they tanked and so I cut my losses, reinvesting in equities that I thought would more than make up the loss). Either way its all just bobbing along the bottom for now. I guess I was just thinking about how to cope with the erosion of one fund that I am currently drawing from as it's lost the least (or made the most), depending on when you look at it. Other than a modest monthly withdrawal, I plan to leave things just as they are for now. I should have taken a cash lump sum when things were on the up, but that's hindsight for you. ![]() It's one of 3 income streams and so I'm happy to take a fair amount of risk in the hope that it will recover over the next 3 years. Although the timing was lousy, I'm not unhappy with the way my portfolio is set up. Thanks everyone for your answers, there's a lot to think about in there.
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