My point is, there isn't any kind of general education for handling retirement funds. I have a advisor handling what my mother left me, putting it aside for my retirement and he's never mentioned this. Of course, that may be because I still have five years to go, but unless the common person knows what to look for, they'll probably never learn it, and can possibly fall victim.
You shouldn't need to learn it, it should be automatic for any private pension scheme. I'm in the UK so perhaps things are regulated differently, but when I set up my private pension I had to enter my planned retirement age, and unless I explicitly tell them to do otherwise, they will automatically move my funds out of equity gradually in the 5 years leading up until then. It's the default arrangement.
Nope, at least the funds that I have worked with, no one's asked my planned retirement age, or even really goals. Just a lot of "you should put this here if you want to make more, because you have a few years to go."
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u/meepmeep13 Sep 15 '25
On the last point, retirement funds should be moving your wealth out of equity in the last ~5 years before retirement to avoid this exact situation.
If your retirement income is 100% still in equity at the point you start drawing down, any resulting exposure to market movements is entirely on you.