- By Southern Cross Partners
There’s a lot to look forward to in the lead up to your retirement. But like most things in life, it pays to have a plan.
Approximately 40 per cent of retired New Zealanders rely on superannuation alone to fund their retirement and life after work careers.
The rest use their savings and other sources of income to bridge the gap between what they’re entitled to, and what they need or want to maintain their standard of living.
Whether you’re nearing retirement or already there, now’s the time to start thinking about your retirement plan.
Begin by figuring out how much money you will need.
This will vary from person to person depending on their circumstances, finances and retirement goals.
Figure out then whether your superannuation entitlements will see you comfortably through your retirement.
If they fall short, factor in any retirement savings, including KiwiSaver, and how you might reduce costs and free up extra money to cover the daily expenses.
Many retirees invest their money into investments that can supply a regular, reliable source of income throughout their retirement years.
We recommend working with a financial adviser to guide you through your investment options and build an investment portfolio that’s suited to your age, stage and risk appetite.
As a rule of thumb, investing in your retirement usually means building a diversified investment portfolio that includes income-producing, medium-term investments with a low-risk profile.
When determining where to invest your money, you should also consider your overall liquidity, whether you want active or passive investments, and whether the company or provider you’re investing with is transparent and trustworthy.
At Southern Cross Partners, we understand that navigating the investment landscape, especially when you’re using your hard-earned pennies, can be a daunting exercise.
That’s why we have built a handy guide to help you invest in your retirement and enjoy the financial freedom you deserve.
You can visit www.southercrosspartners.co.nz to download a copy.
About Southern Cross Partners
Southern Cross Partners is New Zealand’s largest property back peer-to-peer lender.
We’re 100 per cent New Zealand owned and operated, and we’ve been providing short-term mortgage finance to borrowers since 1997 and matching them to investors since 2009.
Our first mortgage investments are built on trust and the fact we lend our own money first.
Grounded in simple family values, we are transparent in who we are and how we operate.
We offer a personal investment approach where all our investors have direct access to the people handling their investments.
Disclaimer: Southern Cross Partners is licensed to provide peer to peer lending services under the Financial Markets Conduct Act 2013.
This article is general in nature only and has not taken into account any particular person’s objectives or circumstances.
We recommend you speak with a financial adviser before making any investment decisions.
