Q&As: In defence of so many questions about KiwiSaver — and a challenge to readers; Getting the best out of KiwiSaver for a non-earning wife and college kids; Getting the best out of KiwiSaver for an early retiree on a low income.
Q&As: Why don’t banks lend money for share investment?; 2 Q&As on how you can best help your grandchildren (or children) into KiwiSaver; Christmas gifts for those who really need them.
Combining kids and KiwiSaver. Every New Zealander under 65 will benefit from joining KiwiSaver, including newborns. But the rules — and how to make the most of them — are different for children, and many readers have questions about that. Here are a couple…
Q&As: KiwiSaver is just right for 30-year-old son having difficulty saving for his first home; Why sign up a one-year-old for KiwiSaver? Also: Some winning entries in the “KiwiSaver: How to make it work for you” giveaway.
Q&As: How can employees get around the KiwiSaver restrictions on them, and how much should you contribute for your children?; A mother worries about whether she should sign up her children in KiwiSaver. Also: Some winning entries in the KiwiSaver book contest.
Q&As: Four readers give diverse views on whether baby boomers or Generation Xers got a better deal on tertiary education, student loans, and affordability of houses.
Q&As: Two on why many rental property investors should pay tax on their gains when they sell. It’s the law!; How to teach teens about budgeting; Allowing for tax when calculating returns on term deposits.
Excerpt from Get Rich Slow. This is the final week in which we are running excerpts from Mary Holm’s bestselling book, “Get Rich Slow: How to grow your wealth the safe and savvy way.” Mary’s regular Q&A column will resume next week.
Q&As: Man who has made $3 million from shares; How much risk for a 53-year-old?; How good is advice from banks?
Borrowing tricky between family or friends. A quote recently caught my eye. “The easiest way to teach children the value of money is to borrow some from them,” it said. But that applies not only to children. Adults, it seems, take much more notice when someone has borrowed from them than when someone has lent to them.