Archive | Retirement

pension-or-lump-sum

Pension or Lump Sum?

Pension or Lump Sum? Many retirees are in a position where they need to decide between taking a pension or a lump sum on retirement. Workplace pension schemes may offer options of a lifetime pension, a lump sum or a combination of the two. A part lump sum option also applies to members of the […]

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get-ahead

Get Ahead Before You Retire

Get Ahead Before You Retire The last five years or so before retirement are some of the most important in your life. Your choices between spending and saving in those few years will determine the quality of your retirement. The wealth you have accumulated at the time of your last day of paid employment will […]

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Fifty

Top Tips for Your Fifties

Top Tips for Your Fifties Whether you plan to keep working after becoming eligible for NZ Superannuation or not, 65 still looms as the defining age for retirement, and it looms even larger in your fifties. Depending on your circumstances, the prospect of reaching 65 can lead to feelings of joy, fear or uncertainty. The […]

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Elder Abuse

Elder Abuse

Elder Abuse Our population is aging and incidents of elder abuse are increasing in line with this trend. Elder abuse is a serious issue in New Zealand, and Age Concern report that they receive around 2000 referrals a year, with the most common types being financial, physical and emotional. For every referral, there are, no […]

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Retirement Income

Annuities for Retirement Income

Annuities for Retirement Income Retirement is something to look forward to – a new way of being, and lots of new experiences ahead. However, there is one big concern, and that is making sure there is enough money to provide a comfortable lifestyle until the end of life. Accumulating money in KiwiSaver or superannuation scheme […]

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Retired Couple

Living on NZ Superannuation

Living on NZ Superannuation There is an avalanche of baby boomers who are retiring. The burning question for most of them is “How can I live on NZ Superannuation?” A couple who both qualify for NZ Superannuation receive around $576 a week after tax. That’s just under $30,000 a year. For people on an average […]

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Overcome Fear

Overcome Your Retirement Fears

Overcome Your Retirement Fears It’s not easy going back to work after an enjoyable holiday. Rather than returning to the same old drudgery, many people consider a fresh start by thinking about applying for a new job or contemplating retirement. Dreaming about a different life and making it happen are two different things. While some […]

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tough

Tough Times Ahead for Retirees

Tough Times Ahead for Retirees One of the key determinants of term deposit rates is the Official Cash Rate (OCR), which is the principal monetary policy tool used by the Reserve Bank to maintain price stability. Reducing the OCR has a stimulatory effect on the economy, as borrowers take advantage of lower rates to spend […]

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Happy Retirement

Prepare to Retire

Prepare to Retire A quarter of those in retirement say they don’t have the money to do the things they want. Another quarter say they have enough to do everything they want and the rest, around a half, are able to do only some of what they want. These are the grim findings of a […]

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Migrating

Migrating Pensioners

Migrating Pensioners There is an interesting trend developing amongst retirees; they are increasingly on the move internationally, not only for holidays but to live overseas permanently or for extended periods. Better health and increased longevity for retirees are factors in this trend, as well as the desire to be close to children and grandchildren living […]

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Three Buckets

The Three Bucket Approach to Retirement

The Three Bucket Approach to Retirement How best to get income from investments in retirement is a problem that has many possible solutions. The return on an investment portfolio is a combination of income (interest or dividends) and capital gain (the increase in the value of the investments over time). The disadvantage of income-producing investments […]

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guilt-free-zone

Guilt-free Retirement Planning

Guilt-free Retirement Planning Many books on retirement planning suggest you start thinking about planning your retirement when you start your first job. While it is true that the sooner you put plans in place for the long term the better off you will be, it is unrealistic and impractical to start planning too soon. Let’s […]

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