Kiwisaver Balances Are Rising – But Are You Saving Enough?
Have you thought about your retirement? You might have visions of tropical island holidays, quality time with the family, or you might simply dream of being financially comfortable, with enough savings to cover health needs and maintain independent living.
Whatever your goals for retirement, the sooner you start saving, the better off you’ll be!
So, how much do you need to save?
New Zealanders are living longer past the 65 year age of retirement. That means many of us could see 30 years (or more!) of retired life relying on the savings we’ve accumulated during working life.
Are you on track?
Where does KiwiSaver come in?
There are a number of things you can do to ensure you’re on track with your KiwiSaver scheme to have the amount you need by age 65.
Shop around for the best provider; consider scheme performance, fees and your appetite for risk.
Start early and keep contributing. It all adds up!
Contribute at least $1,042.86 each year before June 30 to receive the Government contribution of $521.43.
Consider increasing your contribution amounts. You can now contribute up to 10% of your gross salary. If you can manage this, this is one of the best ways to safeguard your retirement.
At AdviceKiwi, we provide pressure-free class advice on your Kiwisaver options to ensure you can reach your financial goals.
Contact Joel today, and make the most of your KiwiSaver account to secure the retirement lifestyle you want, whatever it looks like.
Generate Kiwi’s KiwiSaver Survey: https://www.generatekiwisaver.co.nz/kiwisaver-survey/JMC01
Sorted’s Retirement Planner: https://sorted.org.nz/tools/retirement-planner
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