The approach to retirement is a sensible time to review one\u2019s investment strategy. Decades of investing help build up knowledge, confidence and portfolios, but can sometimes make such a review daunting \u2013 especially if it involves a string of stocks and funds for which you are no longer completely sure of the purpose. Gregory and Maureen are far from the first couple to come to these pages for help, and they won\u2019t be the last.<\/p>\n
Gregory is 61 and recently retired, and next year will be joined by his wife, Maureen, 59. The couple are in a good position, with substantial savings and defined benefit pensions combined with a very realistic income aim. They have more than \u00a32.2mn to spend on their retirement, and with two adult children already on the housing ladder, the outlook for substantial one-off expenses is limited \u2013 excluding care, which they would like provisions for. The savings are held across a range of different accounts, and Gregory suggests they need around \u00a350,000 annual income after tax. So far, so good.<\/p>\n
The largest component is Gregory\u2019s workplace pension\u00a0\u2013 this remains untouched apart from his tax-free lump sum, which has been shared with the family. It is invested in a \u2018target date fund\u2019 and so at this stage will mainly be allocated to bonds. Gregory manages his and Maureen\u2019s personal pensions, Isas and general investment account\u00a0\u2013 worth a total of nearly \u00a31.3mn. However, this is where it starts becoming complicated.<\/p>\n","protected":false},"excerpt":{"rendered":"The approach to retirement is a sensible time to review one\u2019s investment strategy. Decades of investing help build…\n","protected":false},"author":2,"featured_media":124596,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[138,246,3899,111,139,69,86891,244,245,86890,5153],"class_list":{"0":"post-124595","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-financial-planning","11":"tag-new-zealand","12":"tag-newzealand","13":"tag-nz","14":"tag-pensions-retirement","15":"tag-personal-finance","16":"tag-personalfinance","17":"tag-portfolio-clinic","18":"tag-standard-article"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/124595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=124595"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/124595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/124596"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=124595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=124595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=124595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}