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Retirement Planning
AMP managing director Blair Vernon believes as the cost of labour increased DIY skills will become increasingly valuable in retirement. Those who did not have the skills to do things themselves and needed to pay for services would fare worst in retirement, he said.
Kiwi women are lagging behind their American counterparts when it comes to earning more than their partners.
Research by Boston Consulting Group found one third of married women in the United States earned more than their husbands.
We know it's hard to resist spending now in order to have something more to use in the future. Retirement can seem like such a long time away but a little bit saved now can make a big difference later.
Kids find it just as hard as adults.
The Government is cautiously supportive of including higher KiwiSaver contribution rate options and “increasing KiwiSaver coverage” but cannot say yet what that might mean.
Commerce and Consumer Affairs Minister Jacqui Dean has released the Government’s response to the Retirement Commissioner, Diane Maxwell’s, review of retirement income policies.
The costs of living are constantly increasing – food, rates, power and heating, phone, rent or mortgage repayments – you name it, just covering the basic bills is getting expensive. Which means that once you retire and income reduces, keeping up with things becomes even harder.
