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Episode 37 - Unlocked KiwiSaver – what is it?
In a recent article I mentioned ‘unlocked KiwiSaver’ products. It would be remiss of me to not explain what these are. For people outside of New Zealand, KiwiSaver is similar to Australia’s Superannuation or perhaps the 401K in the US. For KiwiSaver, members are not allowed to make a withdrawal on these funds until they are 65. There are exceptions of note here: first home buyers, and those under “extreme hardship” (with various conditions attached).
However, the idea of investing in a managed fund that is easily accessible and available to the public should be appealing to people who want to spread their eggs into different baskets. Remember that diversification is good basic risk management tool for long term investing.
KEY TAKEAWAYS
Bolsterriskmanagement.com
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By Dominic BishIn a recent article I mentioned ‘unlocked KiwiSaver’ products. It would be remiss of me to not explain what these are. For people outside of New Zealand, KiwiSaver is similar to Australia’s Superannuation or perhaps the 401K in the US. For KiwiSaver, members are not allowed to make a withdrawal on these funds until they are 65. There are exceptions of note here: first home buyers, and those under “extreme hardship” (with various conditions attached).
However, the idea of investing in a managed fund that is easily accessible and available to the public should be appealing to people who want to spread their eggs into different baskets. Remember that diversification is good basic risk management tool for long term investing.
KEY TAKEAWAYS
Bolsterriskmanagement.com