- Richard wants to grow his own and his wife's investments to a value of £2m in 10 years' time
- His desire for a 9 per cent annual return is unrealistic
- Their investments are very focused on funds which invest via a growth style so he should add some value funds
Isas, Sipps and general investment accounts invested in funds, pensions, cash, residential property.
Retire and grow investments to value of £2m in 10 years, 9% a year investment return, draw 4%-5% a year from investments in retirement.
Richard is age 47 and earns £205,000 a year. This includes his employer’s contribution to his pension, which he takes as cash due to problems with the pensions annual and lifetime allowances. His wife does not have any income.