Richard Gaunt wants to increase his income yield from 3pc to 6pc
Credit: JAY WILLIAMS
A steady income in retirement is the holy grail for most investors. Richard Gaunt, 74, from Somerset, is no different.
The semi-retired public relations professional has several moving parts to his savings plan. First, there is his £300,000 Isa used to supplement pension income. However, he wants more and needs to boost the yield from 3pc to 6pc, while making sure it doesn’t dwindle in size.
“My aim is to improve my income and ensure my wife has enough to live on when I am gone. I want to keep my total funds above a safety net of £400,000,” he said.