How optimising returns in retirement may see you risk running out of money

If you want your money to last in retirement, you’ve got to stop optimising for returns…

I was in a retirement forum this week where there was a discussion about where to invest money in super. The answers that came through to be honest were mind-blowing and ill-informed.

If you are within five years of retirement you are currently in the danger zone of retirement planning.  This takes in the first five years pre-retirement and five years post retirement. Any bad decisions in this time period will leave you regretting your decisions in retirement.

You only need to turn to the popular “compare the pair” super campaign which is misleading many heading towards retirement.

Why, you might ask?

You see your working life is a game of accumulating as much money as you can. High returns work for you. However, as you approach retirement your game needs to change and the rules are very different.

Continue to do what you did in your working years and this can be devastating for your retirement.

Many don’t have the knowledge or are blind to their own blindspots.

I’ve put together a video which explains this risk and how your mindset needs to change if you want a comfortable retirement without putting yourself at risk of running out of money.

This is the new game of retirement and the rules you must now navigate.

Get this right and it will decrease your chances of running out of money.

Watch the video below to learn more…

Disclaimer: This information is general in nature. It is not to be taken as personal advice. You should seek the advice of a professional financial adviser.

If you’d like to have a plan to safely navigate retirement, reduce your risks of running out of money, book your Retirement Clarity Call with Glenn by clicking here.

You’ll discuss your current concerns and challenges around your retirement. Glenn will provide some insights and a roadmap to allow you to safely navigate your retirement journey.

Glenn Doherty – CFP – Financial Planner | Retirement Planning Specialist |Retirement Planning Made Simple for aspiring happy lappers and avid travellers within 7 years of retirement

We work with people in Adelaide and around Australia virtually via zoom!

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Advice Disclaimer: Any reference in this publication to the provision of advice refers to advice of a generic nature, and should not be taken as product or investment recommendations. Before any action is taken based on the information provided, independent financial advice from a licensed financial adviser should be sought. Financial Freedom Project Pty Ltd ATF GA & DC Doherty Family Trust Trading as Jigsaw Private Wealth is a Corporate Authorised Representative of Spark Advisors Australia Pty Ltd. The information contained in this publication is of a factual nature only and is not intended to constitute financial product advice. Information is current as at date of publication. This is an online information blog. It does not imply an offering of securities.