- These investors want a joint retirement income of £70,000 to £80,000 a year, and to move to a larger home and rent out a second property
- Their assets should be able to generate their target income, although this will depend on how much they spend on property
- They need to cut their number of investments
Reader Portfolio
James and his wife
57
Description
Pensions, Isas and trading accounts invested in shares and funds, cash, residential property.
Objectives
Stop/reduce work at age 60, travel and have comfortable retirement, joint retirement income of £70,000 to £80,000 a year, build larger home, rent out a second property, manage pensions lifetime allowance, sell business, draw on assets tax efficiently, simplify portfolios.
Portfolio type
Investing for goals
James and his wife are age 57 and have grown-up children. They run their own businesses, and he earns around £42,000 and his wife earns around £15,000 a year, which covers their day-to-day expenses. Their home is valued at about £1.25m and has a mortgage of £10,000 remaining.