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Retirement Planning

Retirement Planning

Even if it seems a long way off, it pays to plan for your retirement as early as possible.  Many retired New Zealanders get their income from two main sources – NZ Super, and their own savings. However it is estimated that around 40% of New Zealanders over the age of 65 rely on NZ Super alone.

The following are the current rates of NZ Super:

 * This amount may be affected by other income you receive. Rates at 1 April 2017 (adjusted 1 April each year)

How much you’ll need to save will depend on your own circumstances, but the sooner you start, the more you will have.


       What lifestyle do you want?

     Travel, hobbies, new car, smaller home, money for medical bills

       How much will you need?

     Today’s males live to age 86

     Today’s females live to age 88

     You could be in retirement for 25 years or more

       Where will your money come from?

     NZ Super at present, but will it still be here in 20 or 30 years’ time

     KiwiSaver savings

     Other savings

     The sale of a property, family inheritance

       What can you do now?

     Think about how much income you would like

     Start saving NOW, it is never too late


Get in touch with Total Wealth.  We can assist you to plan for the long term and check to see if your savings and investments will meet your long term objectives.