“People have a lot of what I call straggler shares. They are things they went into because they read something in the news, or it was a friend that recommended them and it's easy for people to buy, but it's really hard to get people to trigger that sell and walk away from a loss or to take a profit.”

Shorte said, for example, Commonwealth Bank shares presently are high, so it would be a good time to “take a little bit of profit off the table” and be confident that the fund is putting that away for the future.

“[It’s a good time to] review your portfolio, making sure that you have a good idea of where it's spread and also looking and asking yourself about whether you should diversify more, especially for those coming towards pension phase.”

“We like to have two to five years of pension money in cash and fixed interest and bonds before someone moves into pension phase. The whole idea behind that is when something like Trump happens, people are scared that their money is going to drop and they're not going to have money to pay the pensions.”

For this reason, he said, it’s best to make sure that when a member is retiring, they have set aside a portion of their fund into a “bucket” that is secure and safe and will cover expenses, despite what happens with the markets.

“They're not going to have to sell down their favourite shares or good performing stocks because they've got the money for those pensions.”

“Some people say that's not a good strategy, that you're missing some of the upside. Most of my clients don't care about a really high upside. They just want a steady return; they want some certainty. But as an adviser, we have to deliver that through the good times and the bad times.”

With 30 June approaching, it is also advisable to review contribution strategies, Shorte said.

“There are common threads for each age group. With a lot of people in their 40s, we're using those unused contributions, but they're not willing to commit non-concessional at this stage.”

“For them, we're looking at other options like the lower spouses investing in their name or using investment bonds because a lot of people now in their 40s want to have that option to retire at 55 to 60.”

For older age groups, Shorte said, advisers should be trying to work with them to try to get as many assets out of their name and into the super system as possible.

“My agenda is to get as much into super as possible, and then once you're retired, if you want to take some out, yes, you can.”

“But use the system to get as much in as tax effectively as possible, and then at that golden age of 60, try to find ways for people to trigger that conditional release after 60.”

He added that there are now a lot more people aged 60 carrying debt than in previous generations, and it is good practice to talk to them about using every piece of concessional space to get the tax deductions.

“At 60, if they can meet a condition of release or they can start a transition to retirement, we can take money out tax-free and pay off up to 10 per cent with a TTR off their loan,” he said.

“A lot of clients say no, they just want to pay down the loan at 57, but if you can top up your contributions, you save 17 to 20, 22 per cent tax at 60, then you can take out those contributions tax-free and pay down the loan. You're just getting the loan down a few years later, but much more tax effectively.”