It's No Secret
It’s No Secret is a podcast for Kiwis who want their money questions answered.
Are you wondering when is the right time to get on the property ladder, whether you should invest with family or how to talk to your significant other about investing and budgeting? If yes, you’re in the right place. Our hosts Cat Emerson and Christine Jensen will answer these questions and more.
They’ll take you through the ins and outs of all things finance, money, property, investing and building wealth so you can move towards achieving financial freedom. Whether it’s learning about budgeting, what to do with your savings or whether you should be investing in the share markets, we’ve got you covered.
Each Tuesday we’ll release one short episode that answers a specific money question. No long ramblings and no financial jargon. Investing hacks, budgeting tips and financial freedom included.
You’ll be left feeling inspired, relieved and ready to take the next step in your financial journey.
Happy listening!
Submit a money question or get in touch at our Instagram @itsnosecretnz
It's No Secret
94. How Much Do I Actually Need to Retire?
How much money do you really need to retire? In this eye-opening episode, we break down the real numbers behind retirement planning in New Zealand.
With recent Retirement Commission research showing that 65% of people over 55 have no concrete retirement plan, we'll help you understand what you need and how to get there.
Key Questions Discussed:
- What's the difference between a 'no frills' and 'choices' retirement?
- How much does NZ Super actually provide?
- What are the current retirement savings targets for different lifestyles?
- How do you calculate your personal retirement number?
- What role does KiwiSaver play in retirement planning?
- How do living costs affect retirement savings goals?
- What common retirement planning mistakes should you avoid?
- Is it ever too early to start planning for retirement?
Key References:
- Massey University 2023 Retirement Report
- Te Ara Ahunga Ora Retirement Commission Research 2022
- Stats NZ Income Data (June 2024 quarter)
- NZ Super Rates 2024
- Sorted.org.nz Retirement Calculator
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Got questions? Get in touch: www.itsnosecret.co.nz
Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.
The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.
Any information we provide is general only and current at the time of writing.
Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz
