Please see below an article published by Invesco within the last week covering an interesting topic for us all.
As you can see from the above article, longevity is increasing. This increase in longevity, places additional importance on ensuring you draw a sustainable level of income from your assets in retirement to target maintaining a standard of living that you are accustomed to.
Current industry research suggests that drawing between 2% and 4% per annum of the value of the total invested assets as an appropriate withdrawal rate which should help investors sustain the value of their assets over the long-term.
Global events, such as Covid-19 which had a big impact on markets when it was announced, could accelerate depletion of assets. Receiving ongoing advice in retirement can help mitigate some of the risks and help you protect and sustain your assets.
Please continue to check our Blog content for advice and planning issues and the latest investment, markets and economic updates from leading investment houses.
Please keep safe and healthy.
Carl Mitchell – Dip PFS
IFA and Paraplanner
22/06/2021