Should I consider more conservative options, or perhaps reduce the
pressure on my balance by taking a lower pension?
Q.
I receive a monthly pension from an industry super fund, where
my money is invested evenly between the balanced option and
Australian shares. Given the state of the share market, should I
consider more conservative options, or perhaps reduce the pressure
on my balance by taking a lower pension?
A.
You should decide with your adviser, what percentage of your
fund should be invested in each asset class, and then try to stick
with those numbers. Obviously, when the market is down, you should
try to minimise the amount you withdraw so reducing the pension
would be a good strategy.
Each week financial advisor Noel Whittaker answers your
questions.
