A RETURN assumption of 6 to7 per cent per annum seems respectable for a retirement portfolio. But did you know that the timing of a bear market when you are in retirement could wreak havoc on your savings? JP Morgan Asset Management publishes a Retirement Insights series, which incorporates Singapore and other Asian numbers into its analyses.
A recent paper, "Timing Retirement'' addresses issues around investing and spending in retirement, rather than saving for retirement. There are six key risks that should be addressed, it said. These include risks relating to longevity, withdrawal rate, housing, inflation and sequence of returns. "A portfolio that has been receiving regular savings, invested...
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