Kiwis over fifty are prioritising their independence more than ever before according to new research by New Zealand Seniors, with 1 in 2 (50%) optimistically looking forward to retirement as the beginning of new adventures. While the events of the pandemic have caused more than a third (38%) to stray …
Read More »Tag Archives: retirement
It’s time to retire the word ‘retire’
It’s 2022; so why are we still using a word from the 16th century to describe life after full time work?
Read More »How much money do I need to retire in New Zealand?
One resource that is particularly is the Four Rules of Thumb, created by the Retirement Income Interest Group of the New Zealand Society of Actuaries. It lays out four rules that can be used to determine how you could spend your retirement savings, accounting for the differences in people’s situations
Read More »What is the future of New Zealand’s superannuation?
With the number of Kiwis aged 65-plus set to hit 1.3 million by 2034 (more than a fifth of the population), many are calling for changes to be made to the NZ Super scheme to ensure its sustainability. So, what might the pension look like in the future?
Read More »Retirement Commissioner recommends urgent review of retirement villages legal framework
The office of Retirement Commissioner Jane Wrightson has released a report calling for a review of retirement village legislation to reset the balance of power between consumers and village operators.
Read More »Will interest rates go lower? Yes. Here’s why
Our term deposit rate is much higher than in similar developed countries, including Australia, the UK and Sweden. The deputy of the Reserve Bank of New Zealand (RBNZ) recently cited this as a reason the RBNZ had to do more to bring the interest rates down. The RBNZ is our …
Read More »Retirement Commissioner defines pension’s role
Do you know what the role of NZ Super is? Is what many still call ‘the pension’ there to ensure dignity in old age? Is it there to provide a basic standard of living? Or is it a reward for working hard and paying taxes? If you can’t decide, you …
Read More »7 steps to finding a good financial advisor
Research by the Financial Services Council suggests that a New Zealand financial advisor is worth the impressive sum of $1.5 million over 25 years to every person they assist. If you haven’t already received the backing of an advisor, what better time than now? The Financial Markets Authority has developed …
Read More »The future of working past 65
The job market does not support older adults in the workforce as much as it could. There is a lingering perception that older workers do not have up-to-date skills and attitudes, especially in terms of technology and overtime. These perceptions are often incorrect; however, they do create a major barrier …
Read More »Age brings perspective to COVID-19 challenge
Older people, particularly those with underlying health conditions, were initially thought to be more susceptible to COVID-19, but in many ways older people and retirees may be better equipped psychologically to cope with this very strange time we find ourselves in. Older people have the experience of retirement to draw …
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