Q&As: Should readers put inheritance into a rental property?; Should another reader keep their rental or seek higher returns?; Property versus shares over the last 10 years; Couple in late 70s should reconsider shares — and their adviser; Reader perhaps overrates paying down mortgage.
Q&As: Self insure only for the small stuff; KiwiSaver not good for rainy day money – but diversification is important; Can’t beat mortgage repayment after taking tax into account; Mortgage versus KiwiSaver revisited.
Q&As: Should first home buyer put KiwiSaver money into the purchase?; Should pay rise go into mortgage or KiwiSaver?; Is health insurance necessary?; Reader misunderstands role of NZX; NZ Super rises faster than costs, despite reader’s numbers.
Sorting your finances step by step. Based on Mary’s new book “Rich Enough? A laid-back guide for every Kiwi”: Why it’s best to do it in steps. Why the steps are in this order. What the steps cover: Step 1. Start now — it’s easy; Step 2. Kill off high-interest debt; Step 3. Set up insurance — and a rainy day fund; Step 4. Join the best KiwiSaver fund for you; Step 5. Boost your saving painlessly — how and where; Step 6. Stay cool; Step 7. Head confidently towards retirement — and through it; Step ? (when it’s the right time for you — if ever): Buy a house, or sell one.
Listeners’ questions about mortgages. Topics covered include: Fixed or floating, and how long a term?; Should you put extra money into mortgage or KiwiSaver?; Using KiwiSaver to buy a container house; Reverse mortgages vs ordinary mortgages for retirees.
Q&As: Woman starting again after separation could get KiwiSaver help; Reverse mortgage not a good idea for retiree with rental and cash; How to decide your KiwiSaver risk level.
Q&As: Paying down mortgage beats adding to KiwiSaver; Why it can be good to be in more than one KiwiSaver fund; Will this work instead of a reverse mortgage?, readers asks; Come on, KiwiSaver providers!
Q&As: Family rescues woman from ‘loan shark’; Couple should concentrate on reducing mortgage; Should couple be with same KiwiSaver provider?; KiwiSaver review good but not ideal; Money Week coming.
Q&As: Should solo mum take on a bigger mortgage?; Is it wise to use KiwiSaver money to buy a first home?; Should you be allowed to use KiwiSaver money to pay down a mortgage?; Over how long should you drip-feed $200,000 into an index fund?
Q&As: Check credit ratings before investing in finance companies; Reader gets higher term deposit interest by asking; Possible interest rate rise and what to do about your mortgage; How KiwiSaver employee contributions are counted towards tax credit.