Are you on track to hit your KiwiSaver retirement goals? 

While planning for retirement might not be on your to-do list in your 20's, 30's and 40's, it's a crucial thing to consider when preparing for the future. Thankfully planning for retirement is made easy with KiwiSaver.

Between your 20’s and your 40’s is the time where you can start to make significant differences to how much you can save in KiwiSaver. This is due to the impact of compounding investment returns over the long term - the earlier you can start putting away money, the longer it has to accumulate investment returns.

So while retirement might still feel like forever away, it’s important to start to pay attention to saving for it as soon as possible, and not wait until the time gets closer - otherwise you might discover your returns aren’t nearly as great as they would have been if you had started earlier!

Right now the retirement age is 65, however this may increase by the time you get there. It’s also possible that NZ Super (aka the pension) may become means tested in the future so simply relying on the pension alone isn’t a good retirement strategy.

It’s crucial that you take ownership of your future self today and put some simple savings goals in place to ensure that when retirement age comes, you are in a comfortable position and not left to fend for yourself on a few hundred dollars a week… or worse, unable to retire at all!

Once you’ve started a KiwiSaver, it’s also important to ensure you optimise it. While it’s easy to just open a default fund to start paying into, you could be missing out on better returns just by not being in the correct fund. Compounding interest makes all the difference here, and most people we work with are surprised by the results by simply making a few little tweaks to their fund.

This is where a KiwiSaver adviser comes in. We sit down with you and complete a risk profile and discuss what your goals are for the fund. From here we can recommend what provider and fund might be best for you, or we can split your contributions across different types of funds to ensure we are maintaining a tolerable level of risk. This can be adjusted as time goes on, or as your goals or financial situation change.

From here we will also show you the difference between your current funds performance and your optimised funds performance, and you can decide what fund you would like to opt for. We’ll also give you some guidance around how much to contribute in order to achieve your goals. If you decide to make any changes or need to switch KiwiSaver providers, we’ll handle it all for you, making the transition simple and smooth.

We work with a range of KiwiSaver funds including Milford, Booster, Generate and ANZ. Through these trusted providers and their different funds, we are able to provide a solution for all of our clients, no matter their goals.

If it’s been a while since you looked at your KiwiSaver, or you’re not sure how much you should be contributing or if you are even on track, then reach out for a free chat. No matter whether you’ve been in KiwiSaver for years, or are wanting to start a brand new account, we can help guide you in the right direction and ensure that when retirement time comes, you’ll be able to enjoy life. It’s only an hour of your time, but it could potentially make you hundreds of thousands of dollars.

Get in touch with us today on 03 441 1307 or get in touch via our Contact Us form and we'll be in touch.