Nearing Guide

IN DEPTH GUIDE

Nearing

Welcome to our retirement guide ‘Nearing’, designed for New Zealanders in their 50s or 60s who are within 10 years of their planned retirement. We’ll unpick the key factors to consider, keeping in mind that a lot will depend on your unique circumstances – including what assets you have in place.
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Nearing Guide
Disclaimer

IMPORTANT: Please note that the content provided in this guide is of a general nature. It is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current developments or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek independent guidance. Feel free to get in touch if you have any questions, comments or concerns.

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Understanding KiwiSaver Withdrawals

Understanding KiwiSaver Withdrawals

As you know, age 65 is currently when your KiwiSaver savings become accessible. What you may not know is that you don’t necessarily need to withdraw your money and close your account.

You could withdraw all of your KiwiSaver funds, or withdraw only part of it and leave the balance there to accumulate. You might even choose to leave your KiwiSaver funds untouched until later, if you have other assets to support your income needs in the meantime.

So, it’s up to you. But if you decide to leave all or part of your funds invested, keep in mind that you will no longer be receiving your employer contributions and annual Government contributions, as those benefits ‘expire’ when you turn 65.

What you need to be thinking about

What you need to be thinking about

A lot is probably going on in your financial life, and it can be easy to overlook your retirement needs. But with ten years or less until your planned retirement, you have an opportunity to put the finishing touches to your long-term strategy. And maybe ramp up some of your investments and scale down others, while keeping diversification top-of-mind.

For several reasons, the ‘Nearing’ life stage is not easy to define: financial circumstances vary widely from household to household, and from person to person. So, you are the starting point: your needs, your goals, your assets. By understanding where you’re at and where you’d like to get, you can approach the final leg of your retirement planning journey with confidence and big-picture thinking.

In the meantime, we’re here for any questions you may have, big or small.