Remain invested until 90 years old

Dear Mr. Tan

I have most of my investments in a large, well diversified equity fund. At what age should I start to realize all my investments, so as not to expose my retirement avings to greater risk of market volatility (even if I do not need the money then)?

Reply:

I suggest that you remain invested in the equity fund until you are 90 years old or later.

You can make monthly withdrawals from your investment fund, after you retire from work, say at age 65 or 70. Withdraw what you need to meet your monthly expenses, and keep the rest invested in the low cost investment fund. Do not worry about the volatility.