The Investor 21 April 2012
Why a reader advises his son against KiwiSaver… …and why I disagree. A reader’s letter explaining why he’s advising his 18-year-old son not to join KiwiSaver has not convinced me.
Why a reader advises his son against KiwiSaver… …and why I disagree. A reader’s letter explaining why he’s advising his 18-year-old son not to join KiwiSaver has not convinced me.
Q&As: Should reader buy a NZ house now — while still overseas — or later?; 3 readers’ varying views on student loans; 2 readers seem to be a bit muddled about the new KiwiSaver tax credit.
Q&As: Best ways to play the KiwiSaver game if you are an employee with a mortgage; 2 readers argue — convincingly — with my comments last week on student loan repayment; Why a reader changed her attitude to repaying her children’s student loans.
Slow and steady not always the way to win. Slow and steady isn’t always best when it comes to regular investing. We’ll look at making annual investments, to keep it simple. But the same principle applies to contributing to KiwiSaver or other investments in which you make more frequent deposits of the same amount.
Q&As: Students get a good deal by world standards, and shouldn’t dodge student loan repayments; How come the bonds in a balanced KiwiSaver fund report losses?; Winning the tax game if you have a home and a rental property; Where to get free budget advice.
Q&As: Is it better to go for the most expensive house you can, or the cheapest?; Adult son in sheltered workshop should keep up with KiwiSaver; Slight risk of holding back on using student loan repayment bonus.
A big year for KiwiSaver. In the annals of KiwiSaver history, 2012 will be notable for two things. It will mark the start of a two-year shift away from government input and towards more employee and employer input, and it will be the first year in which members can withdraw their savings in retirement.
Q&As: How to plan retirement savings if you don’t want to own a home; Family in last week’s column must have muddled their language a little; If you’ve lived in Australia, applying for NZ Super may not be straightforward.
Should KiwiSavers with mortgages keep contributing? This year’s changes to KiwiSaver make it debatable whether members with mortgages should keep contributing to the scheme.
Q&As: Government action needed to help out retirees withdrawing their KiwiSaver money; No tax when you take money out of KiwiSaver; KiwiSaver gets good and bad report cards, depending on your approach; 2 readers explain how they financially helped their student children.