November 2021 – Investing and financial planning are not the same thing, and your considerations and priorities need to change over time. As we approach retirement (or retire) the goal of our portfolios should no longer be about ‘shooting the lights out’, but rather ‘ensuring the lights will still be on’. While we still need growth to keep up with inflation and provide us with cash flow, preservation of capital, tax minimization and estate planning become increasingly important. Professional advice is crucial.