Q&As: Is mortgage interest as ‘dead’ as rent?; $1 million needed in retirement, says reader…; …But here’s how you can do well with half that.
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.
Wanted: better insurance against outliving our savings. Imagine you’re heading into retirement. You’ll get NZ Super, but you also have savings in KiwiSaver or elsewhere. You would like to spend that money over the rest of your life and leave the house to the kids. But — not knowing how long you will live — how can you decide how much to spend each year?
Excerpt from The Complete KiwiSaver: Which Assets Are for You? This week, Mary Holm’s Q&A column is replaced by an excerpt from her latest book, “The Complete KiwiSaver”. The principles she discusses here apply not just to KiwiSaver but to investing in general. Her Q&A column will resume next week.
Q&As: Many elderly, and others, could benefit from rates postponement schemes; Why floating interest rates might be better — for home equity release schemes and ordinary mortgages; A not-so-dumb question about the $50,000 exemption for international tax changes, and a new source of info on the changes.
Q&As: Should retired couple invest in a commercial property? Why take on that risk?; Can we predict NZ dollar movements?; When is it best to change money from US to NZ currency; A US website that evaluates international charities; Yet another charity offers a Christmas gift programme. Plus: Win a ticket to a seminar.