The landscape for retirement is not the same as it used to be. James is retiring today (born in 1953) and has a life expectancy of 78 years. Kevin is born today and can expect to live to age 91.
James has just 13 years of retirement for his money to last. Kevin has almost double the time – 25 years. He needs […..]
Let me explain using two fictional employees – Mike and Jacob. They worked for Megacorp Inc and were identical in all aspects of their job. They both started working at age 25 and both worked for 40 years. Their salary and salary growth were identical, along with their Kiwisaver contributions. They made the same investments with their savings during which they both earned […..]
If I am being honest, I never thought that early retirement used to even be a possibility on an average middle-class income. I thought we HAD TO go to university, get a job for 45 years and then retire. End of discussion.
But I am here to tell you early retirement is a definite possibility and I have […..]
