Description
This is the second article in the mini series “Traps to avoid in retirement”. This article describes how investing too conservatively can see your money running out way too soon. It also mentions the effects of interest rates on your savings.
Introduction
There’s a common view that as you approach retirement you should tilt your investment portfolio towards more conservative investments. This means favouring things like term deposits, annuities and cash management trusts while reducing exposure to more volatile assets such as shares and property. The thinking is that preservation of capital is key, as without an earned income it is hard to recover from any downturns in the share or property markets.
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