Retirement Planning
Traditionally New Zealanders have not been good at saving for retirement and many people rely mainly on NZ Government Superannuation payments. These payments provide for a basic standard of living but in many instances need to be supplemented from other savings.
We assist many clients with retirement planning issues. This includes clients who are building up savings for later in life and also clients who are now in retirement and need a regular income. We will try to make sure that you will have enough capital to provide you an income when you want to stop working and "put your feet up".
A retirement plan will help with the following issues:
Pre Retirement
- Firstly we discuss your plans and objectives. This will include looking at current savings, when you are looking to retire and what sort of income would you like to provide for yourself.
- We have access to some excellent tools which can help calculate what you need to be doing to achieve your objectives.
- We can access a wide range of savings products but for many younger people KiwiSaver will now be the most appropriate vehicle for retirement savings and please refer to our KiwiSaver page for more information.
- For older clients who haven’t been putting enough monies away for later in life we can set up an Investment Portfolio which is able to receive regular payments and lump sum contributions.
In Retirement
- A large number of our investment clients have already retired and are drawing down on their savings. In effect we build an investment portfolio that is a DIY annuity which will provide you with the income you need.
- Our investment portfolios are tailored to match a client’s risk profile but more importantly structured to provide you with the money you require. We can set up regular payments to a nominated account or lump sum payments when required.
- There are the unknown factors such as what future returns will be, future inflation rates and how long you will live, however we can give you some useful projections based on your particular needs. We also provide a regular review system to make sure we are keeping on track with your requirements.
- Depending upon a clients risk profile and capital available most clients will have a larger portion in fixed interest investments to provide security and a regular income flow. However to ward off the longer term effects of inflation we believe it is important to have some longer term exposure to growth assets such as shares and property.
For further information regarding NZ Government Superannuation please refer to the Work & Income website below: www.workandincome.govt.nz/get-assistance/main-benefit/nz-superannuation.html