In the earlier stages of retirement, you might leave your money invested in a pension drawdown product. There is a risk here that if you’re not on top of managing our money you could run out of cash, particularly later in retirement, and when you reach your 80s or even 90s you might no longer feel comfortable managing your investments.
By contrast, those seeking the certainty of a secure income in retirement might want to consider investing a larger part of their pot into a lifetime annuity. This can provide a safety net of a guaranteed income and the peace […]
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