Should I transfer them now to a stream that protects the capital?

Q.

I plan to retire in December 2009 when I turn 55. My husband will retire in 2011 aged 60 - he is with State Govt Fund and will receive a pension. I have two super accounts both in Australian Shares. Should I transfer them now to a stream that protects the capital?

This is something to discuss with your adviser but keep in mind it is most unlikely you will die just after you retire - it is highly probable that you will live to 85 or more. This means you should be looking at a 30 year timeframe at least. Of course it's important to keep at least three years planned expenditure in the cash area so you are not forced to dump good assets when the market is having one of its normal downturns.