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Retirement planning in volatile markets
Against a backdrop of tumultuous markets and a faltering economy, decisions over retirement saving and income options have come into focus.
“For anyone that is willing to take an ongoing degree of investment risk then it makes better sense to delay buying an annuity until they are in their 70s than buying one immediately in retirement.
“There are of course many people with small pension funds who cannot afford to do this but for people with reasonable sized funds, waiting until they are in their mid-70s would usually make more sense.”
While the start of 2012 may have seen steadier investment seas than the end of 2011, what is clear is advisers need to continue talking to their clients in this climate and keep their eye on the wealth of routes available.
