RNZ Radio 14 September 2023
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
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
Q&As:
– One person’s waste of money is another person’s treasure
– Pick your period and you can make any point you want about shares
Plus:
– Upside, Downside: The one high-return, low-risk investment
Q&As:
– Become a digital nomad — but keep the house
– What it’s like working with a financial mentor
– Sell the house and rent in retirement?
– Some banks reject parents’ loans to children for house buying
– A warning on lending to an elderly parent
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
Setting up emergency money
– Many NZers don’t have access to emergency money
– A good tradeoff — increase hardship but gain mental health
– Imagine your pay has been cut
– Where to put emergency money
– Make use of mortgage situation
Listeners tell us who they think needs financial help
Entries into our Christmas book giveaway on who you would give my two latest books to, and why
– Themes running through the entries, examples and comments
– The winners
Q&As:
– Off the boat and on to a degree at 50
– Best place for 11-year-old’s inheritance
– Term deposits or cash funds for money to spend soon?
– Reader caught out by falling markets
Plus:
– Winners of Gift Book Giveaway
Q&As:
– Small savings safe in KiwiSaver — as long as …
– How to withdraw retirement savings set up in three tiers
– An example for a fairly risk-averse retiree
– What to use instead of a cheque in the Christmas card
– No, I haven’t been ripped off!
Plus:
– Enter the giveaway of my books for Christmas
Which funds, in and out of KiwiSaver, are best at different life stages?
– It’s not actually about age
– How to set up your savings
– Best low risk investment?
– Best medium risk investment?
– Best higher risk investment?
– Review situation once a year
Q&As:
– How to invest while living a gypsy life — for saving for anything else
– Oops! Growth funds don’t work for short-term saving
– When your money really is goneburger
– How to pick which share platform to use
– Why 4 “good” shares are not performing well
– Worries over whisky