Reviewing your Scheme investments
The appropriate fund for you can be influenced more by your personal circumstances than how investment markets themselves are performing. Your age, changes in your family situation and other investments you have can mean you may need to consider realigning your retirement savings goals.
Remember that volatile investment markets aren’t a good reason for sudden changes in direction. Markets go up and they go down, and quickly, and it is normally better to ride out the volatility – even if a falling share market can make you nervous.
How frequently should you be having a look at where your savings are invested? It’s up to you, although yearly is a popular choice because you can tie it in with the arrival of the Scheme annual report and your benefit statement, your birthday or some other important anniversary.
And it doesn’t need to be a full-blown review. The main thing is to confirm that your Scheme membership continues to meet your needs when retirement finally beckons.
Want to know more? For more information on the Scheme call 0508 intandem (0508 468 263) or visit westpacintandem.co.nz
23 Feb 2018