Drawdown dilemmas: Five essential tips during the Covid19 crisis
Financial Adviser Michael Macleod shares his top five tips to share with drawdown clients currently experiencing an incredibly punishing time in the markets.
Investors have endured an incredibly punishing month during the global markets sell-off which has been especially troubling for drawdown clients.
Global markets sold-off indiscriminately during the worsening coronavirus pandemic have presented troubling questions for people either in drawdown or approaching retirement – due to the potentially damaging impact on retirement income plans.
Here, Michael shares five tips to communicate to spooked drawdown investment clients which could help shape their standard of living and financial wellbeing in retirement.
- Stay Invested
If you are not invested, then you cannot be a part of the recovery when it arrives. His