To do this best, firstly, you should:Make the low-risk fund a PIE cash fund. If yes, sell units in that fund to top up your cash fund and leave the bond fund alone, as suggested by our correspondent. Second: if the share fund has gone down, leave it alone, and check if the bond fund has gone up. If yes, move a year’s worth of spending from the bond fund into the cash fund. Once it recovers – or your share fund recovers – you can top up the cash fund from either.

Source: New Zealand Herald January 30, 2026 20:37 UTC