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Tim Mackay

The investment shift that could undermine your wealth plan

Whether to invest for income or growth is not the right question to ask for those in or moving to retirement.

When SMSF investors near retirement, their strategy often shifts from accumulating wealth to generating sustainable income. This transition is driven by a mix of psychological, financial and lifestyle changes.

Importantly, there is a noticeable preference to rely on portfolio income rather than total returns to fund retirement.

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Tim Mackay is an independent financial adviser at Quantum Financial.

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    Original URL: https://www.afr.com/wealth/personal-finance/the-investment-shift-that-could-undermine-your-wealth-plan-20240502-p5foix