GETTING A KIWISAVER WOF — for people of all ages
Worried about how the Covid-19 pandemic is affecting your KiwiSaver investment, and wondering what to do about it?
Or is KiwiSaver the last thing on your mind? Maybe you were auto enrolled and have ignored it since.
I’m worried. While it’s great to see many new people getting into investing in shares, and others taking more interest in their KiwiSaver accounts as their balances grow, they could be riding for a fall.
What’s the best way to save for children or grandchildren?
Making regular savings for young children or grandchildren can be a great way to help them head into adulthood.
Hope for the best, but expect the worst
If you’re investing in shares, always assume a downturn might be just around the corner — as recent events have dramatically shown!
Paying off your mortgage allows you to get stuck into some serious saving
You’ve paid off your mortgage. Yay! But what now?
Bank term deposits might not earn much, but sometimes they’re the best option
They’re boring and they pay low interest. But bank term deposits are probably the best place to park money for a few months — or even a year or so. Anywhere else could be too risky…
It’s a great idea to get all the incentives in KiwiSaver
Employees usually receive their full employer and government contributions, unless they are on a savings suspension. But what about everyone else?
Should you use extra cash to reduce your mortgage or top up your KiwiSaver?
If worry about your rental is keeping you awake at night, it might be time to sell
If you can learn to handle risk, you’ll get more out of your KiwiSaver fund.
Ask someone which KiwiSaver fund they are in, and most will name their provider — a bank or other financial institution. But the provider doesn’t matter nearly as much as which type of fund you’re in.