So keep your retirement savings as long as possible

Bruce Whitfield of The Money Show interviews Warren Ingram, a personal financial advisor at Galileo Capital.

Seventy-five is the new 60 when it comes to retirement, said Bruce Whitfield from The Money Show rather pessimistic.

Maintaining retirement savings is an exercise in psychology and anxiety management, suggested Warren Ingram’s personal financial advisor (scroll up to listen).

Retirees may need financial advice for the first two or three years, but they likely also need a psychologist.

Warren Ingram, Personal Financial Advisor – Galileo Capital

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As life expectancy increases, some people will be retired for as long as they worked, Ingram warns.

In other words, you can’t stop being a long-term investor in retirement.

Taking no stock market risk … and investing all of your money in cash to avoid risk is just not a wise idea … The biggest enemy of a good pension is … inflation, a slow poison …

Warren Ingram, Personal Financial Advisor – Galileo Capital

A good proxy for determining a realistic rate of inflation after retirement is the cost of medical assistance and its increase over time, probably around 8 to 9% per year …

Warren Ingram, Personal Financial Advisor – Galileo Capital

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The best protection against inflation is always productive assets such as shares in listed companies and listed real estate companies.

she [shares] Come on a roller coaster ride … But that doesn’t change the fact that you have to be there …

Warren Ingram, Personal Financial Advisor – Galileo Capital

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Ingram suggests keeping at least half, but as much as 75%, of your investments in stocks and listed real estate.

You can conservatively invest the rest in cash and government bonds.

Warren Ingram, Personal Financial Advisor – Galileo Capital

Be prepared for the roller coaster … and pay someone for an hour or two for advice …

Warren Ingram, Personal Financial Advisor – Galileo Capital

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