Closeclose
What does your planned retirement lifestyle look like?
Whether you have been saving for retirement for as long as you remember, or have left it somewhat late, it’s crucial to have a clear view of the level of income you will need in retirement. A clear view and a sound plan.
There’s no one size-fits-all approach to retirement planning, but in general terms there are some key areas of focus in the lead up to that last work-day, for example: paying off or significantly reducing remaining debt; assessing your investment risk profile; maximising savings (KiwiSaver contributions for example); and adjusting insurances to manage longer-term costs.
If you’d like to take a 360 look at your retirement planning - your KiwiSaver, Superannuation, insurances and more - we welcome you to get in touch.
In the years leading up to retirement, it becomes increasingly important to keep a close eye on your future, and what you're doing today to secure the lifestyle and financial security you aspire to in your post-work life. Here are just a few of the many things to keep on your radar:
A few questions to keep top of mind:
(1) Have you given some thought to what's important to you - what would you like your retirement to look like?
(2) Do you know how much you need to save for retirement?
(3) Are your investments aligned with your risk profile and horizon?
(4) Will you be carrying significant debt into retirement? Could you reduce that debt?
(5) Could you afford to increase your KiwiSaver contributions?
For couples, the lead up to retirement prompts a range of new questions and conversations that are important to have. When you'd both like to retire; where you'd like to retire; the lifestyle you each have in mind - these are just some of the important things to openly discuss, so that both your shared and individual goals for retirement are clear and can be planned for.