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Should I take all my pension now?

If this investor cashes in his final salary pension he will lose a regular income stream free from investment risk
Should I take all my pension now?

 

  • This investor wants to cash in a final salary pension
  • If he does this he will lose a regular income, free from investment risk
  • He needs to make sure his investments suit his risk tolerance
Reader Portfolio
Ray 55
Description

Pensions, Isa invested in shares and funds, residential property, cash.

Objectives

Retire at 67, decide how to take pension, use investments to finance a comfortable retirement, buy a holiday home worth around £300,000.

Portfolio type
Investing for goals

Ray is age 55 and earns £60,000 per year but his wife has recently been made redundant from her part-time job. They have four children and six grandchildren.

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