But this is not always an option and not always the best option.
For those still without sufficient equity, what are you going to retire on?
And more, a lot of retirees actually want to keep active through an occupation of sorts. Some turn into full time investors.
Certainly, it's even more important to preserve the nest egg built up over the previous stages, but also we somehow inherently understand that selling everything, taking no risk, and putting it all into a St. George fixed deposit account is not a good answer.
And financial planners who simply get you to sell up your assets to invest in superannuation funds, giving you a chuck of it here and there (based on a presumed stockmarket historical return) until the money runs out - doesn't always seem to be, intuitively, the best advice.
