Platforms & Pensions
If you have a lot of money in your pension , then capital preservation is a good strategy and a well thought-out lower-risk portfolio is for you
when you were building your retirement pot . Keep your money invested and growing . Sure , it will start to diminish as you begin to draw it down , but the balance can keep growing . Avoid bad habits such as taking out a fixed amount each month , even when you don ’ t use it , as you want the largest amount of money possible exposed to growth potential . Keeping your pension invested over the longer term will act like a parachute for your money , slowing the rate of descent . If your career ends more suddenly than you hoped , then you need to replan . You may have to seek alternative work so that you at least reduce the amount of income you need to draw down from your retirement pot , or review your property and downsizing strategy to bridge any gaps . As with real life , you should never look upon your retirement plan as a finished project .
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