Simply accumulating assets without a clear strategy can lead to gaps in growth, unnecessary risk, and missed opportunities.
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Retirement Planning
A re-elected National Government would further increase default KiwiSaver contribution rates, forming the party’s first election pledge of the campaign.
Moving into a retirement village can be a great option to live out your later years. But with so many different options and decisions to make both personally and financially it’s important you have all the information to make the call.
When it comes to saving for retirement, most people know two things: they want their money to grow, and they don’t want to pay too much in fees. Both are important, but here’s the key point: what really matters is your net investment performance — what you actually take home after fees.
Having an ACP in place can bring valuable peace of mind, for both you and your family. Think of it as a gift to your future self, and a relief to those you love. It’s about making your wishes known, so others aren’t left guessing.
Research from Fidelity Life has shown New Zealanders are spending their earning years anxious about finances and making money missteps. New Zealanders aren’t taking advantage of the wealth of knowledge the advice community can offer and instead rely on a ‘she’ll be right’ approach to protecting and growing wealth.
When planning for retirement, one of the most common questions people ask is, "How much money do I need?" The truth is, there is no universal answer. Retirement needs are deeply personal and vary based on lifestyle, health, location, and financial expectations.
A recent study has found that people who work with a professional financial planner feel better off both financially and more broadly. They report having a better quality of life, enjoying more financial confidence and resilience, and feeling more satisfied with their financial situation.
The Retirement Commissioner website at sorted.org.nz provides a great range of free practical information, guides and tools to help you get your money sorted.
Core Advice are pleased to be one of the presenters at the Retirement Preparation Hui being organised by Presbyterian Support to provide vital tips to help soon-to-be retirees to understand the potential challenges, find new purpose, and thrive in their upcoming retirement, for a full, rich, and rewarding life.
With increasing life expectancy, New Zealand now has a larger portion of the workforce continuing to work past the traditional retirement age of 65. According to Age Concern, in 2013, 22% of New Zealanders over the age of 65 years were in paid employment – an increase from 16.8% in 2006 and 11.4% in 2001.
In these uncertain times it is easy to feel like things are out of control.
It’s important to realise that investment markets are moving up and down all the time – stability is not ‘normal’.
Your investor risk profile is a combination of both your risk capacity and your risk tolerance and directly affects the type of investment funds or options you should be considering.
While the rest of the world struggles with Covid-19, Kiwis are fortunate to be living in a bubble and relatively isolated from events overseas. However, this may not always be the case.
If you are selling your home to move into a retirement village, don’t make the mistake of cancelling your home insurance too early.
Everything is a bit up and down at the moment, including investment markets and therefore KiwiSaver balances. Of course, the value of your KiwiSaver investments (and your KiwiSaver balance) goes up and down all the time, but the impact of Covid-19 has seen more movement than usual.
When investment markets start bouncing around, and especially when they fall, investors can often have a sense of unease or even mild panic. When this happens, it is important to maintain some discipline and ensure you stick to your investment plan.
Each year, Mercer produces its Periodic Table of investment returns. which tracks 16 major asset classes and ranks how each has performed, on an annual basis, over the last 10 years. A glance at the Table quickly highlights how challenging it is to unearth patterns and predict what the years ahead may hold.
New research from Baker Tilly Staples Rodway indicates Kiwis overall will actually pay a day’s less tax this year, albeit five more days than two years ago.
The gap between NZ Super and the cost of living even a "no frills" lifestyle has widened, research from Massey University shows.