I recently met with my existing clients, both in their early 50s, for their annual progress meeting.

They had just received an inheritance of $400,000 from their father’s estate.  Whilst they weren’t entirely sure about what to do with this lump sum, they knew they wanted to put it towards building their retirement nest egg, as opposed to just sitting in their bank account where there was a potential for them to spend it.

We discussed their options in detail, their broader retirement plans as well as any other goals they had between now and retirement.

We decided on creating a tailored investment plan utilising a dollar cost averaging strategy which would benefit them both now and over the longer term.

By implementing this strategy, we proceeded to invest $100,000 each month for a period of 4 months. This strategy significantly reduces the risk of buying when markets are high and averages out the cost price for the investment period.

In addition to the above, we also started a regular investment plan into their new portfolio as part of their overall strategy to help further build their wealth.

Due to our active management approach and regular contributions, they have been able to see their wealth significantly increase over time.

They were satisfied in knowing their funds would be working hard for them between now and retirement whilst also allowing them flexibility to access a portion if they desperately needed to.