Did you know that for a lot of Kiwis their KiwiSaver is likely to be the 2nd largest asset that they will own in their lifetime? With that in mind, you would think we'd be more inclined to engage more with it, right?

Turns out we’re not! ⁠ Research shows that 1/5 Kiwis don't even know who their KiwiSaver provider is. So today, we're going to motivate you to check in with your KiwiSaver to make sure you're maximising your balance ahead of retirement. Despite it being potentially a long time away.   

In this episode, we cover:

• Cat & Christine's personal experience with KiwiSaver; who their balance is with and why.
• How to check which KiwiSaver fund and provider you're invested in. 
• Whether there's an ideal no. of times you switch KiwiSaver providers and funds. 
• Switching between KiwiSaver providers and funds when the share markets are down. 
• The importance of knowing about your KiwiSaver contributions - how much you and your employer contribute.
• The impact of increasing your contributions now, on when you reach retirement. 
• How fees can negatively compound to eat into your KiwiSaver balance over time. 
• How to assess whether your KiwiSaver balance has performed well.

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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