The underperforming markets over the last few years could leave you stressing over finances, especially if retirement is in the cards soon. These markets can be problematic for retirement, especially in the long term, if you plan to use your assets to draw an income.
Poorly performing markets means that your total portfolio value is worth less, and when you start drawing an income, its value decreases even more. This could leave you with a shortage of funds later in retirement.
If you still have a few years left till retirement or plan to work more years instead of retiring, then time is on your side, as markets tend to recover. For every downturn, there is usually an upturn.
It is vital that you manage this risk and allocate your income drawdown in such a way that reduces risk to your portfolio.
Now is the time to chat with your deVere advisor to manage the risk of your portfolio and avoid income shortages down the line.
Your advisor will help lower your retirement risk according to your individual financial circumstances and needs. [email protected]
Please note the above is for educational purposes only and does not constitute advice. You should always contact your deVere advisor for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken as a result of reading the above.
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deVere Spain’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines. Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere Spain’s Head of Public Relations on [email protected] or call +44 2071220925