Mary Holm https://maryholm.com NZ's most trusted personal finance journalist Fri, 07 Aug 2020 04:58:24 +0000 en-NZ hourly 1 https://wordpress.org/?v=5.2.7 NZ Herald 8 August 2020 https://maryholm.com/nz-herald-8-august-2020/ Fri, 07 Aug 2020 12:00:40 +0000 https://maryholm.com/?p=10269 Family trusts no longer let you avoid rest home fees Advice from Shakespeare on treating children equally in wills What should “lazy and irresponsible” reader do with his million? NZ Super unlikely to be slashed, especially for those on low incomes Widower describes 17 years of retirement travel with wife Money Week QWe have a family trust set up to protect our investments, especially to avoid our...

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NZ Herald 1 August 2020 https://maryholm.com/nz-herald-1-august-2020/ Fri, 31 Jul 2020 12:00:34 +0000 https://maryholm.com/?p=10241 Couple muddling trusts and wills — and courting trouble by not discussing uneven inheritances with family Young hopeful homebuyer in a position to take risks KiwiSaver retirement estimates too high? — what to do about it Travel early in retirement, 85-year-old urges QBeing recently retired, with savings invested in a family trust, we’re concerned whether new trust laws coming in next year mean we...

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RNZ Radio 30 July 2020 https://maryholm.com/rnz-radio-30-july-2020/ Thu, 30 Jul 2020 03:15:47 +0000 https://maryholm.com/?p=10238 What ‘economic wellness’ means How can we achieve it Will our health improve if we achieve economic stability? Is it easier to be well if you have money? Plus: Is National’s plan to let people withdraw $20,000 from KiwiSaver to start a business a good idea? Listen to the segment below, or click here to read Radio NZ’s summary. You can listen to these sessions as podcasts.

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NZ Herald 25 July 2020 https://maryholm.com/nz-herald-25-july-2020/ Fri, 24 Jul 2020 12:00:05 +0000 https://maryholm.com/?p=10219 You don’t need nearly a million to retire comfortably Should couple sell Covid-struck business now and retire, or wait and hope? Report shonky kiwifruit contractor, reader urges Reverse mortgage could help last week’s house buyer QMy latest KiwiSaver statement projected a balance of $253,000 when I’ll turn 65 in 14 years, allowing about $200 per week. I thought that sounded positive...

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NZ Herald 18 July 2020 https://maryholm.com/nz-herald-18-july-2020/ Fri, 17 Jul 2020 12:00:24 +0000 https://maryholm.com/?p=10216 72-year-old should buy house she rents. Plus how to make her savings last Last week’s indebted reader should get a mortgage No choice but to apply for overseas pensions No government handouts without rules — but help is available QI am a 72-year-old single retired woman. I rent a house, paying $350 a week, and have $490,000 currently in two term deposits. The owners of the property I rent have...

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RNZ Radio 16 July 2020 https://maryholm.com/rnz-radio-16-july-2020/ Thu, 16 Jul 2020 03:15:29 +0000 https://maryholm.com/?p=10212 You don’t forget it! Easier to budget Probable better return in KiwiSaver than in bank Most importantly — spread your contributions out. Dollar cost averaging in other situations: employees in KiwiSaver, other savings, moving from one risk level to another, moving money between countries What about when you have a lump sum to deposit? Listen to the segment below, or click here to read Radio NZ&#

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NZ Herald 11 July 2020 https://maryholm.com/nz-herald-11-july-2020/ Fri, 10 Jul 2020 12:00:36 +0000 https://maryholm.com/?p=10209 When debt can be good… … And when it’s not Job seeker benefit not easy to apply for Is this NZ Super reduction fair? QWe are a married couple in our mid 40s, and over the last 25 years have managed to build our wealth to where we are comfortable and the kids can do activities and education etc. But we have been a bit stale lately as not sure what to do. I’m currently paying $10,000 to $12...

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NZ Herald 4 July 2020 https://maryholm.com/nz-herald-4-july-2020/ Fri, 03 Jul 2020 12:00:37 +0000 https://maryholm.com/?p=10201 Parents can give money to adult son without tax complications Another parent can do likewise, but watch out for care subsidy rules Conservative KiwiSaver fund’s high returns are genuine — but won’t always be there Change will give people NZ Super despite their partner’s overseas pension NZ Super application timing was wrong on some websites QI would like to give money to my son on a regular basis...

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RNZ Radio 2 July 2020 https://maryholm.com/rnz-radio-2-july-2020/ Thu, 02 Jul 2020 03:15:48 +0000 https://maryholm.com/?p=10194 Which is better for you — NZ or international investing? Which is better for New Zealand as a whole? How to invest internationally How to tell if your KiwiSaver fund is mostly NZ assets — not easy Listen to the segment below, or click here to read Radio NZ’s summary. You can listen to these sessions as podcasts. Subscribe free to Mary’s RNZ podcast here. No paywalls or ads — just generous...

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NZ Herald 27 June 2020 https://maryholm.com/nz-herald-27-june-2020/ Fri, 26 Jun 2020 12:00:14 +0000 https://maryholm.com/?p=10191 Government KiwiSaver contributions to over 65s wouldn’t work, or be fair How reader with cancer could set up her savings Over how long should you drip-feed a lump sum into an investment? Is weekly drip-feeding better than monthly? I suggest reader takes rental property off the market … … but she’s sold it! Don’t put proceeds into another rental QYou recently wrote about the “unfairness”.

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