This investor wants to take £40,000 per year from his pensions and £10,000 per year from his Isas in retirement
He and his wife need to reduce their number of holdings
They could consider cutting holdings in income funds that do not meet their growth objectives
Pensions and Isas invested in funds and shares, cash, residential property.
Retire at age 65, grow pensions to value of £1.2m+, take lump sum and £40,000 per year income from pensions, 5%+ average annual total return, draw £10,000 a year from Isas in retirement, start family, buy holiday home, reduce number of holdings.
David, age 37, and his wife, age 32, earn £80,000 and £25,000 per year, respectively. Their home is worth about £210,000 and has a mortgage of £120,000.