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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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