xxd09 wrote:Thanks for that -mistake in my phrasing -should have been “struggle to keep funding their on going retirement expenses “ -apologies
I would suggest that for a lot of retirees their occupational and state pensions are tight at covering their daily living expenses never mind holidays,new car or replacing a roof
Well done not being in this position
Personally my wife and I,s State and Occupational Pension cover 40+ % of our living expenses-a portfolio of equities and bonds do the rest
Seemed to have worked so far and portfolio is much greater than at start of retirement
xxd09
Understood. I am always surprised how much of that portfolio income gets reinvested. I think that drawing capital should be a last resort, but not always possible to avoid.
TJH