According to Westpac Massey University Fin-Ed Centre An Auckland couple would need to have a combined $552,000 in their KiwiSaver funds to have some choices in their retirement, based on the spending of today's retirees.
It's that time of year where all the "listicles" (list articles) come out to play. Here's one from the NZ Herald on Ten tips to be a better investor. They are:
Over the break, the NZ Herald ran an article on Be resolved to get financially fit. Key points in the article include:
An interesting reflection piece from a mid-life review.
How the introspection commenced was: "Just to exacerbate my mortal thoughts this week I received a very formal and cold letter from my insurance company telling me they were taking another $3 off me every month for my life cover premium.
Normally I'd take a cursory glance and hopefully file it somewhere sensible. But this time I lingered on the form, sat down and read every word.
The FMA (Financial Markets Authority) recently completed research surrounding the barriers to obtaining financial advice.
Here's the media release in full:
A quarter of respondents in a new survey say they don’t know how to find or choose a professional adviser and the same number are worried the person they did use might try to sell them something that might not be right for them or that they don’t need.
The New Zealand Hearld produced an article (16/09/2015) that they sourced from the Washington Post,
with some interesting "rule of thumb milestones" for your 40's.
They were as follows:
According to The Independent, Farming classified as 'most deadly occupation' in New Zealand
Quad bike and tractor accidents have become the most common causes of death on farms in New Zealand where farming is classified as "the most deadly" occupation, claiming, on average, a life every three weeks throughout the year.
In addition the statistics show that a farmer or an agricultural worker is injured every half an hour.
The regulator in Australia - ASIC (the equivalent of our FMA) put out handy tools for you and me, similar to those found on sorted.org.nz.
We cam across this handy app recently which helps you to "Track your personal expenses on the go with this easy-to-use app from MoneySmart. TrackMySPEND gives you a clear picture of what you are spending your money on."
Australian non-bank mortgage provider, Aussie Home Loans, put out an interesting article addressing some misconceptions about mortgage brokers. Now of course we are biased, we are for a very good reason - we have been delivering value to our mortgage clients for the past 8 years.
The article starts: