Portafina in the press...

Jamie Smith-Thompson says “When it comes to managing money in retirement the two key watchwords are financial planning and budgeting. For most people this isn’t an exciting or always comfortable prospect. But the bottom line is, the sooner you know how much money you’ve got coming in and how much you might need, the sooner you can make realistic and achievable plans for now, and for the future. In the long run, knowing exactly where you stand financially feels a lot better than avoiding the subject and putting it off for another day, which is one the biggest mistakes a retiree can make with their money.”

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Jamie Smith-Thompson says “When it comes to investments such as your pension, make sure your money is globally diversified. If there is an issue in one part of the world, it won’t affect all of your funds. Then, check to see if your pension is invested across different asset classes. These could be equities, property, or fixed interest investments such as bonds. It’s all about spreading your potential risk across many baskets. This will help to offset decreases in your investments no matter what is going on in the world.”

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