How's this investment portfolio?
So I'm with Royal London with a bunch of standard investments which are getting a 7.2% return. I'm 58, I retired at 55. I support my wife as well who has no money. She is 61 and gets full state pension at 67, as do I. My attitude towards risk is medium. At this point in the game, should I be leaving things as they are, or go for something better? I haven't started withdrawing from it yet as I've been drawing on a second, much smaller pension fund which will run out this year, so I'll be drawing from this one starting next year. I have calculated that I can draw down the full £67,000 (avoiding higher rate tax, using the 25% tax-free) from it, rising by 2.5% per year, using money from my S&S ISA to prevent higher rate tax, and reducing the drawdown to take account of the state pensions when they kick in. By my calculations this will not deplete the pension fund. So strictly speaking, I don't NEED a higher return, but it might be nice!
