Everyone wants to make the most of the money they have for retirement, and to generate more income from the investments and schemes they’ve chosen.
In this week’s podcast, I talk through the best ways to approach investments once that you’ve stopped earning a salary.
Retirement is seen as a way of releasing the stresses of working life, and moving towards a new chapter. With rising living costs, however, the right strategy must be adhered to in order to maximise our accumulated wealth.
An assessment of our current investments and savings must be undertaken in order to first see if the accrued amount is sufficient, and secondly to establish the amount of income we may withdraw, and how often, and whether this sun is suitable for our needs.
A common mistake is to view our retirement funds with an element of finality. This leads to being too risk-averse. Retirement funds, if handled correctly, should generate more income.
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