Managing Your Money 

Hold trackers as a core and add commercial property

Reader Portfolio

Anonymous, 61

Description

Sipp and Isa portfolios

Objectives

Retirement income

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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