How should someone who is retired and drawing a pension from their self-managed superannuation fund manage their cash flow and capital preservation requirements?

There has been much discussion recently on how to increase a retiree’s “appetite” to draw down their super capital in retirement. The government has emphasised that super is not an estate planning asset that is accumulated in retirement and then passed on to the next generation. But with life expectancy increasing and escalating costs in older age a concern when it comes to aged care, the desire to preserve capital is understandable – particularly for those focused on remaining self-funded for the rest of their lives.