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On Wednesday, the minimum default KiwiSaver contributions increase from 3% to 3.5%.
This is good news for those employees that are paid KiwiSaver on top of their gross salary.
However, there is a large chunk of the population that will see no benefit from this change […..]
I am pleased to announce yet another new addition to the website resources.
Another calculator, this one in the form of KiwiSaver calculations.
I haven’t come across one with the level of detail you will […..]
As most kiwis know, KiwiSaver withdrawals are allowed for first home buyers. It has almost become an automatic action of first home buyers to use their KiwiSaver because it is allowed. But just because something is allowed doesn’t necessarily make it […..]
There are a large group of people whose retirement plan is contributing 3% to Kiwisaver and living happily ever after. I hate to stamp on your plans but Kiwisaver alone is not enough.
The best way to show this is […..]
If we can’t afford houses without tapping into our retirement money what does that tell us? That houses are too expensive.
We need to stop listening to all the experts who have a finger in the housing pie, and stop putting home ownership on such a high pedestal. You wouldn’t pay $40,000 for a $25,000 car, so why are we willing to pay so much extra for houses.
I understand why Kiwisaver has been allowed to use as a tool for first home buyers. I get it. Home ownership rates are declining and more people are working past the age of 65. Retirement is getting harder, and not owning a home can make it that much harder, especially if you [……]
A few months back, I wrote an article worried about the number of people using their Kiwisaver retirement funds to buy a house.
It seemed to me that a lot of us were tapping into our Kiwisaver just because we can, and I’m not sure that everyone understands the impact this may have on long term savings.
Well I have recently come across a report that tells us how many first home buyers are tapping into their Kiwisaver to buy a house […..]
We live in a very pro housing society here in New Zealand. Everyone wants to get on the property ladder, even if houses are relatively expensive. We are told that houses double in price every 10 years and you are a fool if you don’t buy. All the while, conveniently forgetting about […..]
I constantly hear people bashing Kiwisaver. Not helped by articles like this, that feed into the hype.
9 Common objections to Kiwisaver[…..]
This morning, Stuff published an article with the headline that a KiwiSaver client is $120,000 out of pocket from being in the wrong fund.
The gist is the client was in a conservative fund and is disappointed their fund provider didn’t recommend they move to a growth fund.
They only found out they were in the wrong fund when they went to a Financial Adviser for some advice. The advisor was Money Guide. A company that provides KiwiSaver advice. Money Guide pointing out that the client missed out on $120,000 from being in a conservative fund, rather than a growth fund. What a great and caring adviser right? […..]