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Should I cash up private retirement fund?



I am 54 years old and I have around 65k in a private scheme with the Westpac bank Retirement plan scheme. It matures when I am 60, which is why I haven't converted it to Kiwisaver. I am also a member of the SSRSS and my employer is currently contributing 3% so I also haven't bothered to convert that to Kiwi saver as Im better off with the 3% contribution. This matures when I'm 65. My question is, should I take the Westpac 65K out now as I actually meet the criteria that would allow me to do this, but its a small window of opportunity - I possibly won't continue to meet the critiera in another 6 months. I could then put it on fixed deposit so its more accessable. It hasn't performed well over the last 18 months (worse in the 08/09 year than this 09/10 year by the look of it) and is a conservative plan.I know it might make me more money in the next 6 years if I leave it, but if I do leave it, should I increase to a balanced or even dynamic fund?

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