Hi all,
Looking for some ideas/advice on what to do with my investments/pension.
What would you do in my situation?
55 year old male in the UK, looking/hoping to possibly early retire in the next3/4 years.
Kids have left home, we have zero debt, house is paid off and worth about £400k, we will hopefully downsize and release £100k from that.
Got a stocks and shares ISA with Vanguard with about £80k in it, this has lost about £6k in the space of a month, I have cashed in £50k from it (left it in the account to invest in the future) which was in the S&P 500 and a worldwide stocks ETF.
I have about £265k in a private pension with Royal London, which again has lost about £20k over the last month, would you be looking to move what is in here into safer things like bonds?
Ive been on the Royal London site and its not the easiest site to navigate, my pension seems to be in 4 funds - American tilt, far east ex Japan, sustainable leaders and European, so at first glance it seems pretty well diversified.......... but when retirement is on the horizon, things are getting worrying at the moment.
Is it time to seek out a good IFA? what would you be doing in my position as it is?
Cheers.