Q&As: Two questions to ask before trading up to a more expensive house; A pilot joins the call for annuities for retiring KiwiSavers; Mercer explains its alternative to conventional annuities; A KiwiSaver provider gives children a break on fees; A reader is taken aback over a headline about steady incomes — and I’m taken aback that she cares!
Q&As: Calling all KiwiSaver providers: Please let us know if you have plans to offer annuities or similar; Other payout possibilities for retired KiwiSavers; Couple who have returned to NZ but still own UK house should sell it, buy here and get on with enjoying life; Dwindling children’s KiwiSaver accounts possible but unlikely.
Cries of indignation, shock and fear from Credit Card Land. Three readers coming from three quite different perspectives responded to my last column about repaying credit card debt. One slightly indignant reader always pays his credit card bills in full, another was shocked at what happened when he didn’t one month, and the third has run up a $7000 credit card debt.
Q&As: Reader wants to pay financial adviser according to performance, but advisers not so keen; Adviser’s reason for putting clients into finance companies is not good enough; RFAs — registered financial advisers — must also operate under stricter rules; Grandma might want to put conditions on financial help for student grandchildren.
Q&As: Should KiwiSaver member move to a provider with better investment performance?; Reader “gets it” on why KiwiSaver is so good; Another reader is over-enthusiastic; Is it wise to put more money into KiwiSaver?; Index funds are well and good, but what if everyone invested in them?
Q&As: Why chimpanzee can outdo professional stock pickers; Reader might be able to beat the market in property investment, but he has little chance in shares; Which KiwiSaver providers offer index funds?; Do KiwiSaver changes favour those on high incomes? It depends how you look at it.