In our weekly series, readers can email in with any questions about retirement and pension savings to be answered by our expert, Rachel Vahey, head of public policy at investment platform AJ Bell. There is nothing she does not know about pensions. If you have a question for her, email us at money@theipaper.com.
Question: I am 58 years old, and want to retire in the next two to three years. I have a pension with my employer, and a SIPP with a financial services company.
Even though we may be soon getting peace in Iran, I’m worried about the longer-term effects of this war, and especially about my retirement savings taking a hit. Should I just move my pension money into cash to keep it safe?
Shorts
Answer: Planning for retirement is challenging at the best of times, and it can feel even harder when global events make markets more unsettled.
