Archive | Retirement

Spending the Kids Inheritance

Spending the Kids’ Inheritance

Successive generations always seem to be better off than the last. Our parents had a better standard of living than their parents and our children seem set to have a much more than we ever had. For that reason, most retirees don’t seem very concerned at all about leaving an inheritance. However, despite having a […]

Continue Reading
Rainy Days

The New Retirement

Retirement is one of those words that is becoming less relevant over time and let’s hope it disappears from our vocabulary some time soon. These days, it is unusual for people to be working full time one day and not at all from the next day forward. It is much more common for people to […]

Continue Reading
Rest Home Subsidies

Residential Care

One of the biggest fears for retirees is the prospect of ending life in a rest home, and seeing the family fortune eaten up by fees. While at any given time only around 5-7% of people over the age of 65 are living in residential care, statistics show that just under 40% of older people […]

Continue Reading
Sunset Years

The Sunset Years

As the saying goes, there is nothing more certain in life than death and taxes. The minute we are born we are on a gradual path towards the inevitable, while paying taxes along the way! Around the age of eighty people start to become conscious of their mortality. Beyond this point, a traumatic health event, […]

Continue Reading
Knowing When to Retire

Knowing When to Retire

Choosing the time to retire is a key life decision that some people find extremely difficult. No doubt we can all think of someone who has stayed in the workforce a bit too long. There are a number of reasons why people can be reluctant to retire. Worries about not having enough money to retire […]

Continue Reading
OLYMPUS DIGITAL CAMERA

Planning For Retirement

Your retirement years are around a third of your adult life and it’s worth planning ahead to make sure they are the best years of your life. Approaching retirement age is a bit like running up to the finishing line after a marathon race. A big spurt of effort is needed just at a time […]

Continue Reading
Age Gap

Dealing with an Age or Health Gap

Retirement planning is not easy, and it’s made even harder when there is a significant difference in age or health status between two partners in retirement. It is not uncommon to have an age gap of ten or more years, or for one partner to have a life-threatening or debilitating illness. In these cases, the […]

Continue Reading
Have Your Cake

Why Retirees Needn’t Be Conservative Investors

Conventional wisdom says that once you are retired you shouldn’t take risks with your money. That’s good advice, however it doesn’t mean you need to be a ‘conservative’ investor. It simply means that if you invest in assets such as shares and property which have a high return but high volatility, you need strategies for […]

Continue Reading
Transition

Transition to Retirement

Compulsory retirement ended in New Zealand in 1999, and since then, the percentage of people over the age of 65 who are working has rapidly increased. It is estimated that 27% of men and 17% of women aged 65 or more are working – some through choice and some because they cannot afford to retire. […]

Continue Reading
Housing Related Poverty

Older People in Housing-related Poverty

The Government has recently released its report ‘Stocktake of New Zealand Housing’ which looks at homelessness and housing-related poverty. Undertaken by a team of independent experts, this report brings into the open the consequences of falling home ownership. A significant cause is the under-supply of housing; the number of houses being built has fallen behind […]

Continue Reading
Four Pillars

The Four Pillars of Retirement Income

There are several different ways to generate cash from an investment portfolio to top up your retirement income. Many retirees make the mistake of confusing cash with income and this leads them to invest in interest-bearing investments such as bonds and term deposits to supplement their superannuation. Yet interest is only one of the ‘four […]

Continue Reading
Underspending

Avoid Underspending in Retirement

One of the biggest mistakes retirees make is to underspend in their retirement. Retirement is full of uncertainties, so the safest strategy is to spend as little as possible. There is nothing wrong with that approach if you don’t mind going without for the benefit of your children. However, most retirees these days are happy […]

Continue Reading