Saving for your retirement – how much do you really, really need?
ANALYSIS: A look at quantifying what level of income would support a ‘comfortable’ retirement.
Anecdotal data supports the idea that NZ Super provides a substantial base for a no-frills retirement.
In my last column we looked at various claims by fund managers and financial advisers selling KiwiSaver that New Zealanders aren’t saving enough for their retirement. One KiwiSaver provider is even arguing that individuals need to be saving 12% of their wages. The conflict of interest here is
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