Having very recently retired I am now accessing my super as a pension and was thinking about ways to structure it.
It's an industry fund (not into smsf) and offers the typical balanced, growth, cash etc options, can invest in a max of two with income derived from one to be taken fortnightly, monthly,quarterly, half yearly or yearly with a min of 5% of fund value.
Fund is not huge so basically will need most of the income to live on, unfortunately no govt pension top up.
Looking for some thoughts re balancing income. For instance how would taking the 5% as cash in lump then investing it in a bank or something paying a known rate of interest compare to leaving all in the (single) fund and drawing fortnightly and disregard any volatility ?
Just looking for food for thought rather than specifics.