Hi all, I hope that you're managing to restrain the frustration of being impounded.
I am looking for some independent but qualified guidance. Having already been raped on my endowment policy a few years ago, I really would prefer to act now on my pension pot but really not sure what to do
Advice from my IFA is to keep regularly investing as my money will buy more shares at a lower face value and when the markets pick up, this will will help to bridge the gap of any loss in my overall pension fund. I sort of get that and it makes sense ......BUT is this the best action to take.
My very simple, unqualified view is that IF I COULD, draw it all out, park it somewhere, keep putting aside the regular contributions but not making the payment to my pension and then when it turns, at least I'm back to a similar place to where I started before this fiasco
I am 58, so I can draw some down I guess but was wondering whether there are any others out there with any more qualified advice to offer?
Thank you in advance