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Aidan Geysen

Better way for retirees to ride out COVID-19 storm

Rather than flounder in the face of dividend cuts, income seekers can use a different approach that smooths out volatile years.

Aidan GeysenContributor

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While reduced dividends from the big banks may have irritated retail shareholders, many investors (particularly retirees who use the popular "income-oriented" strategy to fund their retirement) are understandably bracing themselves for the anticipated slash in payouts across the Australian sharemarket.

But this need not be the case.

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Aidan Geysen is head of investment strategy at Vanguard Australia.

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    Original URL: https://www.afr.com/wealth/personal-finance/better-way-for-retirees-to-ride-out-covid-19-storm-20200501-p54p4j