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Lifetime Retirement Income - Lifetime Retirement Income

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At a glance
Name
Lifetime Retirement Income
Category
Professional Services
Address
Level 5, Wakefield House, 90 The Terrace
Wellington
Postal Address
PO Box 10760, The Terrace, Wellington 6143
DHB
Nationwide
Phone
04 472 7902
Mobile
021895533
Email
View Email Address
Web
Visit Website
Facebook
Find us on Facebook
Personnel
Manager
Casey Bright - 022 137 0324
Owner
Media
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Lifetime Income Fund - Investment Statement Lifetime Income Fund - Investment Statement Lifetime Income Fund - Investment Statement

The Lifetime Income Fund Investment Statement dated 10 December 2015

The Lifetime Income Fund The Lifetime Income Fund The Lifetime Income Fund

The Lifetime Income Fund 

A short summary describing how the Lifetime Income fund provides tax paid lifetime income for retired people. 

The Lifetime Income Fund With Case Studies The Lifetime Income Fund With Case Studies The Lifetime Income Fund With Case Studies

The Lifetime Income Fund With Case Studies.

A longer explanation of the Lifetime Income Fund at work with different examples.

Case study 1- A 65 year old who invested part of their retirement savings and commenced fortnightly income payments immediately.

Case study 2 - A 75 year old who invested part of their retirement savings and commenced fortnightly income payments immediately.

Case study 3 - A couple 65 & 75 years of age who joined the Lifetime Income Fund at age 65 and then drew out part of their investment to pay for a hip operation 5 years after joining the fund.

Case study 4 - A couple in their 60's who joined the Lifetime Income Fund and defer receiving income for 5 years to help preserve their saving and earn a higher lifetime rate latter in their retirement.

 

Description
Retirement is a new adventure. It’s the reason you started saving all those years ago.

But now you’re finally here, how do you make sure your nest egg does the job you wanted it to do?

Your pay cheque may have stopped but the bills haven’t, so how do you turn a lump sum into a reliable, lifelong source
of income?

Lifetime has taken the best thinking about retirement income management from around
the world and created a solution that works for New Zealanders.

It’s based on the two central objectives of any retirement plan – protecting your capital and structuring your income from it in a way that
will last you the rest of your life.
Testimonials
DIRECTORS

Diana Crossan - Director & Chairperson
Diana was New Zealand’s Retirement Commissioner for ten years. She was Senior Executive with AMP in the UK and New Zealand and held senior leadership roles in the public sector and SOE sector. Past directorships include Mighty River Power and New Zealand Post.

Martin Hawes - Director
Martin is one of New Zealand’s leading personal financial planning commentators. An authorised financial planner, Martin has authored multiple books and publications on personal financial planning and is a current columnist for the Sunday Star Times.

Graeme Mitchell - Director
Graeme was an ex Audit and Assurance Partner at Deloitte. He is a current board member of CIGNA Life Insurance NZ, a member of the National Provident Fund board of trustees, Chair of Audit Committees of Ministry of Justice and Ministry of Social Development.

Tim Paris - Director
Tim is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, and a graduate of the University of Connecticut. Currently the Chief Executive of RUARK Insurance Advisors in Connecticut, New York.

John Strahl - Director
John was a former Partner at DLA Phillips Fox. Principal legal adviser to Tower Limited for over 2 decades, handling de-mutualisation and capital raising in NZ and Australia. Principal adviser to the Wellington City Council.

Ralph Stewart - Director and Managing Director
Ralph has a Diploma in Business Administration, Victoria University, Wellington, New Zealand and a Masters in Business Administration, Manchester University, England. He also has thirty years’ experience in New Zealand financial services including Chief Executive of AXA New Zealand and the Accident Compensation Corporation of New Zealand.

Rhys Gwilym - Director and Chief Operating Officer
Rhys has a BSc (Hons) in Physical Oceanography and Masters in Business Administration from Manchester University. Previously based in Europe, he has worked in operations, commercial and marketing roles for some of the world’s largest multinationals.
Updated: 1 Feb 2016
Languages Spoken
LanguageStatusDetails
English Yes
Updated: 1 Feb 2016
Professional Services
Professional ServicesStatusDetails
Financial Services Yes Lifetime Income combines investment and insurance to give you an income for life. Whatever happens in the markets, the income from your savings is protected. The income starts from age 65 and continues for the rest of your life, however long you live.
Updated: 2 Mar 2016
Description
How the Lifetime Income Fund Works?

Lifetime Income Fund invests your savings in a balanced fund. Regular withdrawals are made from the fund to provide income payments to you.
The regular income payments are made regardless of how the fund performs.
If you choose to invest in the Lifetime Income Fund but defer when you start the income payments, Lifetime still locks in your gains. If the markets go down for a year or two, your income payments are based on the higher value locked-in earlier.

If your regular income payments use up all your savings, the Lifetime Income Fund continues paying your regular income for the rest of your life, however long you live.

Your savings are held in your name by the trustee for the Lifetime Income Fund. You can withdraw up to 20% of it at any time or indeed cancel the whole thing and take the balance of your savings back.

Whatever remains in your fund at the time of your death is paid to your estate.

Updated: 2 Mar 2016

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