In January we uprooted the family from Wellington and moved to a small rural town to the south of Whangarei that is home to less than 3,000 people. The reason behind the move was wanting to slow down life and to be part of community. We found that hard to achieve living in Wellington.
We are stoked with our move so far. We are […..]
Over the last few weeks I have discussed two similar but very different retirement income products in New Zealand.
Last week we discussed reverse mortgages, which have been around for many years. And two weeks ago, we discussed a new retirement income product to the NZ market, Lifetime home.
Today, we won’t go into too much detail about what each of these products are and the pros and risks involved. We did that in the previous articles if you want to check those out.
In this article, we are comparing the two and thinking about which instances one product may be preferred over the other […..]
Two weeks ago we discussed the Lifetime home retirement income product. A new product to the market for those aged 70 and older that need or want to use equity in their home and turn it into income.
In that article I teased that I would compare this product to it’s main competition. The reverse mortgage. Well today is not that day! Maybe next week 😊
First I wanted to provide an overview of reverse mortgages, as I […..]
Lifetime retirement income have very recently introduced a new product in the New Zealand market. I am sure more will be made of the product in the coming weeks.
It is a called lifetime home and it is a product that provides retirees over the age of 70 the opportunity to turn the equity in their house into income.
That is similar in a sense to a reverse mortgage, but that is where […..]
Not too long ago I wrote about one problem rarely discussed with all in one encompassing managed funds in retirement, such as balanced, conservative, growth etc. Funds that hold a mixture of stocks, bonds and cash.
The gist of the problem being that with these funds you don’t get to decide whether to drawdown from stocks or bonds, because the fund doesn’t differentiate between the two. End result is the health of your investment balance will be worse off than otherwise.
Well today I have […..]
There is a well know rule of spending that is preached when planning for retirement. The preachers will say “you should plan to spend 70% of your pre retirement expenses in retirement”.
I am not a big fan of these rules. They work for some, but definitely not all. I wouldn’t even say this works for […..]
