How to manage drawdown pensions during market volatility
By Cristian Angeloni, 3 Apr 20
Quilter gives five tips on how to limit coronavirus-induced damage for retirees
Even though many have been looking forward to hanging up their hats and stopping work, the current circumstances might need them to reconsider whether retirement is feasible at this moment in time.
“If you are just beginning your retirement journey or you are not yet retired then it is worth thinking about prolonging your career,” Greer added.
“Many people choose to phase into retirement gradually, rather than seeing it as a cliff edge goodbye to work.
“Shaving a few years off your retirement date removes the immediate term worries about cashing in your investments to generate income during a dip in the market.
“By delaying retirement, investors may be able to side-step the sequence of return risk to some extent.”
Tags: Covid-19 | Drawdown | Pension | Quilter | Volatility
