S5E8: Retirement Questions Answered

The Meaningful Money Personal Finance Podcast

Pete Matthew

Education, Business, Investing

4.9 • 1.7K Ratings

🗓️ 19 April 2017

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

I get lots of emails these days about pretty much all aspects of personal finance. But as we have been dealing this seasons with the subject of The Great Transition, I thought I would pick out a few questions specific to the subject of retirement and investing in retirement, and try to answer them in this week’s show…

Retirement Questions Answered

Rather than attribute these questions to individuals who have sent them, I have picked these six retirement questions because they represent the kinds of questions I have been getting. In a couple of cases, I have used the questions verbatim, but I have tidied the rest up to reflect the load of similar questions.

Remember, it’s not too late to ask a question. If you have one, the best place is in the comments section below, or head over to the Ask Pete page, and maybe I’ll record a video answer for you…

Here are the subjects of the six questions answered in this week’s show:

With markets high right now, how can I protect myself from a market correction if I’m about to start drawing from my portfolio?
If my final salary pension is reduced for every year I take it early, how can I balance the reduced pension against receiving it for longer – which is the better deal?
What benefits are there in working with a financial planner, rather than an IFA, if I have a specific plan for my drawdown? (This question also takes in the natural yield vs total return subject)
Does it really make sense to secure some of my retirement income with annuity rates as low as they are?
Are there any circumstances where it might make sense to intentionally go over the lifetime allowance?
If I retire early, do I have to reduce my drawdown so my money doesn’t run out?

Resources

Podcast: Financial Planning vs Financial Advice

Video: Financial Planning vs Financial Advice

Article: PwC blog on Lifetime Allowance

App: 7IMagine on the App Store, and on Google Play

Transcript

As always there is a transcript available for the entire show. you can get it by clicking the huge blue button below:

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Transcript

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0:00.0	Hi folks and welcome to the Meaningful Money podcast Season 5, Episode 8.
0:11.8	This is the podcast dedicated to helping you put your finances in order. My name is Pete Matthew
0:17.8	and I'm going to share with you everything you need to know and everything you need to do to secure your financial future.
0:23.8	I'm here to help you make sense of money.
0:33.5	Great to have you with me once again.
0:35.8	We're here to round out season five of the podcast.
0:40.3	And I get loads of emails these days, most days, about pretty much all aspects of personal finance.
0:46.6	But as we've been dealing this season with the subject of the great transition, the shift into retirement,
0:52.6	I thought I'd pick out a few questions specific to the
0:55.0	subject of retirement, investing in retirement, and try to answer them in this week's show. So that's
1:00.2	where we're going today. After I've done that, I'm going to look at some reviews, which have been
1:04.5	very kindly left for me this week, announce what we're going to be talking about next time,
1:08.0	as usual. Now, before all that, though, remember, this podcast is brought to you with the help of Seven Investment Management. They're a firm
1:15.0	of investment managers based in London who specialize in multi-asset investing, something I bang
1:20.1	on about all the time on this show. Multi-asset investing brings institutional investing
1:24.8	techniques to ordinary people, just like you and me.
1:32.2	And 7.m. have been sponsoring me here, helping me out for more than five years now,
1:35.2	because they believe in what I'm doing, trying to get decent, easy to understand,
1:39.0	easy to put into action, financial information out to those who need it.
1:41.0	So I wouldn't want to do this without them.
1:44.2	They've just gone far above and beyond what I ever could have asked of them. So I'm so grateful, please do check out what they're up to as a, if nothing else,
1:49.4	as a means of saying thanks to them for helping me do meaningful money week and week out.
	...

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