Our reader, who wishes to remain anonymous is 61 and has been investing for 20 years.
He says: "As my wife and I have built up the investments, I have looked carefully at each individual purchase but maybe not given enough thought to the development and balance of the overall portfolio. It has a leaning towards UK equities with overlaps between different funds and I have tried to obtain some geographical diversity. My general approach is to buy and hold long term.
"I work full time and am also in receipt of a pension of about £17,000. I am considering retirement in the next 12 to 18 months and for that reason am moving towards income generating investments.
"On retiring I intend to take 25 per cent from the Sipp fund and draw down from the remainder. Overall we would like to achieve an annual income from the investments of about £12,000.
"I have been happy to take on higher risk investments with the prospect of capital growth but looking at the immediate future, I think I need to adopt a more cautious approach towards preserving capital value and producing income."
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