IN THE BACK
I would argue that taking more investment risk is the central weapon in tackling the dilemma of making your money go further and staying ahead of rampant inflation
Sounds sensible ? Well , this type of investment planning is now viewed as a little dated and restrictive for the following reasons : 1 . Reducing risk in your 50s ( as you approach retirement ) can have a major impact on the growth potential of your portfolio , particularly as the value should be significant over this period 2 . You no longer have a fixed date to cash in your investments , so a market crash when you reach your retirement age is no longer catastrophic
3 . People are living significantly longer . This means your investment horizon is also longer and you will need more money to fund your retirement 4 . Most people no longer benefit from final-salary pensions , and company / personal pensions tend to be smaller So , this is the dilemma . Many people saving for retirement need to make less money last longer , and can no longer rely on their employer to make the difficult decisions for them . Yet there is still a push towards
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