Congratulations! You’ve been working and saving for a long time to get to this point – now it’s time to enjoy it. A little bit of planning and a few sensible decisions will ensure you get the most out of your retirement.
- Re-evaluate your risk profile – you may want to be slightly more defensive now that you don’t have a salary to rely on.
- Re-evaluate the asset allocation within your portfolio, you may want to increase your exposure to defensive assets.But don’t be too defensive as your money still needs to last a long time.
- Maximise your access to social security and government benefits.
- Make sure your estate planning is in order.
Your adviser can go through these and other issues with you to ensure that you get the most from your savings. That will give you the peace of mind you need to truly enjoy yourself in retirement.