【summary】
Not only how to start a new NISA, but also an exit strategy is important.
An exit strategy is a way of thinking about how to sell assets and use them for living expenses after retirement.
When accumulating money, focus on how much it will increase.
However, what is needed in retirement is to make up for the monthly shortfall consistently.
The main methods of withdrawal are as follows.
| How to break it down | Suitable for people |
|---|---|
| Sell only when necessary | People who have difficulty reading their expenses |
| Sell a certain amount every year | People who want to make household budget management easier |
| Sell at a fixed rate | People who want to adjust according to their asset balance |
| Hold cash for several years | People who don't want to sell when the market crashes |
When exiting the new NISA, it is important to create a system that will prevent you from selling heavily in bad years.
What is an exit strategy?
An exit strategy is deciding how to use your invested assets.
With the new NISA, investment profits are tax-free, making it compatible with long-term investment.
However, when it comes to using it in retirement, the timing of selling and how to withdraw it becomes an issue.
積み立てる
↓
長期で運用する
↓
老後に取り崩すIf you accumulate money without thinking about this last part, you will easily get confused when it comes time to use it.
First, check your retirement deficit
The starting point for an exit strategy is the amount of the shortfall, not the amount of assets.
For example, if your pension income is 230,000 yen per month and your living expenses are 280,000 yen per month, the shortfall is 50,000 yen per month.
生活費28万円 - 収入23万円 = 月5万円不足If you are short by 50,000 yen a month, it will be 600,000 yen a year.
Think about how to make up for this shortfall with NISA assets, savings, retirement benefits, pensions, working income, etc.
There is no need to sell all of your new NISA assets.
It is realistic to use it to gradually fill in the gaps.
How to withdraw 1: Sell only when necessary
The method of selling only when needed is flexible.
Suitable for people who have difficulty reading expenses such as medical expenses, home repairs, travel, and family support.
However, the decision to sell must be made every time.
You may be reluctant to sell when the market is down, and you may end up holding back on your living expenses too much.
| Advantages | Disadvantages |
|---|---|
| Can be used flexibly | Easy to make decisions |
| Avoid unnecessary sales | Watch the market too much |
| Easier to deal with large expenses | Easier to have poor planning |
While it is easy to use for people who are used to investing, it can be a burden for people who are not good at making decisions.
How to withdraw 2: Sell a certain amount every year
Selling a fixed amount each year makes it easier to manage your household finances.
For example, you could sell 600,000 yen every year and use it to cover the 50,000 yen monthly deficit.
毎年60万円を売却
↓
月5万円ずつ生活費に使うThis method is compatible with the purpose of making up for pension shortfalls.
However, even in years when the market price has dropped significantly, you will still sell the same amount.
It would be more realistic to have a rule to adjust the sale price when the market price declines.
How to withdraw 3: Sell at a fixed rate
The method of selling at a fixed rate is a method of changing the selling price according to the asset balance.
For example, the idea is to sell 3% to 4% of your assets every year.
When assets increase, the sales amount increases.
When assets decrease, the sale price also decreases.
| Method | Features |
|---|---|
| Fixed price sale | Sell the same amount every year |
| Fixed rate sale | Selling amount changes depending on the balance |
While fixed-rate sales make it easier to preserve your assets for a longer period of time, it also makes it difficult to stabilize your living expenses.
It is more realistic to use it in combination with pensions and savings.
Cash cushion to avoid selling during a market crash
A very important part of an exit strategy is a cash cushion.
If the market price drops significantly after you enter retirement, it will be difficult to sell your assets.
If you have several years worth of living expenses in cash at that time, it will be easier to avoid selling during a downturn.
生活費の不足分 2〜3年分を現金で持つ
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相場が悪い年は現金を使う
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相場が回復したらNISA資産を売るThis way of thinking also leads to psychological security in old age.
In addition to increasing the assets of the new NISA, it is necessary to design it so that you do not panic when using it.
Don't try to time the sale perfectly
A common mistake with exit strategies is trying to time the sale perfectly.
I want to sell at a high price.
I don't want to sell if the price goes down.
This feeling is natural.
However, if you want to use it for living expenses in retirement, it is more important to sell it in a planned manner to fit your household budget than to hit the market ceiling.
| Actions to avoid | Reasons |
|---|---|
| Sell everything at once | You may miss out on subsequent gains |
| Selling more than necessary when the market declines | Asset lifespan is likely to be shortened |
| Can't sell because you're waiting for a high price | Living expenses plan is ruined |
| Make decisions based only on taxes | NISA does not tax investment profits, but asset allocation is another matter |
The new NISA is a tax-free system.
That's why you should prioritize asset allocation and living expenses over taxes.
summary
When considering a new NISA exit strategy, it is important to first think about how to use it in retirement.
Sell only when you need it, sell a certain amount every year, sell at a fixed rate, and have a cash cushion.
Which is correct depends on your household finances.
The important thing in common is not to be forced to sell in a year when the market is bad.
The new NISA is designed not only as a system for increasing people's income, but also as an asset to be used in retirement.
If you think about this, it will be much easier to decide on the savings amount and product selection.
Reference
- Financial Services Agency "Know NISA"
- Financial Services Agency “Asset formation and management in an aging society”
- Japan Pension Service “Nenkin Net”