Despite varying attitudes to financial risk amongst UK pre retirees, a recent survey suggests that one third (32%) would be open to using stocks and shares investments to offset rising living costs in their retirement.
With declining pension pots and inflation effects, investment in stocks and shares can provide a good solution.
Rising cost of living – No. 1 fear for retirement
MGM Advantage Research concluded that the rising cost of living is the number one fear for retirement with over 50% opting for this, even over health deterioration (45%) and losing a loved one (32%).
Using stocks and shares despite risk attitude
Subsequently, one third of 55+ year olds from the same survey, some retired but many reaching retirement, said their plan to keep afloat in retirement was to retain some exposure to stocks and shares investments.
More people are opening their minds to investments in stocks and shares simply as they feel they don’t have the range of options available to them unless they take some form of risk.
What is your attitude to risk?
Download the Dental & Medical Risk Assessment Questionnaire and call one of our experienced financial advisers to help with an effective retirement plan.
You may also like our related article – Your attitude to risk – what is it?
Retirement planning for doctors and dentists
The earlier you start planning for your retirement, generally the more effective.
Retirement planning can take the form of all shapes and specialist financial help is advised. A financial adviser can also reassure you and discuss Risk V Reward – a key part of any investing planning.