How much insurance should we have?
– Email from listener: Do we have too much insurance?
– Attitudes to insurance
– Types of insurance
– Keeping insurance costs down
Struggling to pay rates? Try a rebate or postponement:
(First: A comment on National’s proposed KiwiSaver changes)
– People facing big rate rises
– Different councils’ offerings
– Rebates for people on low incomes
– Postponement in some cases for everyone
– How it works
– How to get help with this
Important info in your KiwiSaver annual statement — and how to improve it next time
– What’s in the statement
– Total at 65, and weekly spending through retirement
– How your provider came to those numbers
– What to do if you want them to be higher
– Why moving to a higher-return fund is not wise
It’s OK to give up on ever owning a home.
– Home ownership falling — people need family help to buy
– It can work to be a long-term renter
– Advantages of renting
– But you need to save lots for renting in retirement
– Prediction — long term house prices will fall relative to incomes
– Best way to save
Kids and KiwiSaver
– You can sign them up at any time
– The rules for under 18s on government and employer contributions, when teenager gets a job etc.
– Maybe make small contributions — starts saving habit
– $10 or $20 a week could start a house deposit — not just from parents
– Changes at 18 — keep helping with contributions
– Saving for children outside KS — pluses and minuses
KiwiSaver back to positive! Also, new KiwiSaver help for new parents
– Returns January to March positive for almost all KiwiSaver funds
– Are the best short-term funds also the best long-term?
– Main points: Hang in there; higher risk = higher return; never judge by short-term performance
– Government helps KiwiSavers on paid parental leave
Laddering — a clever way with term deposits and perhaps your mortgage
– What is laddering?
– Who might be affected?
– Why do it? — gives longer-term returns on deposits (which are usually higher); frequent access to some of your money; some protection from bad luck with timing.
– How it might work with a mortgage