Many people will decide to retire at 65 while others will continue to keep active in the workforce through a desire to keep adding value to community and themselves.
How do you envision the transition at this phase of the lifecycle?
It is common for people to believe that they will need to keep working past 65 as while they own a debt-free family home they have done little else to prepare for retirement. If you desire to retain your current lifestyle it is very likely you will need more money than the government super payment.
See HERE for the current payments that people may qualify for.
If New Zealand Superannuation isn’t going to provide you with the income you wish, it is important for you to supplement this income with other income-producing assets.
If there is time to add further assets to ensure that you can be self-sufficient and not have to work past 65 it is important to determine what these assets may be and if they suit not only your retirement goals but also your appetite for risk.
There is a lot of evidence available that shows it is healthy to work longer than other generations did as it adds to our life balance and a calmer state of mind (when we are doing what we love to do).
Working helps us create and experience a purpose in life and as we always say here at Financial Architects;
“If you help enough people get what they want, you will always get what you want”
Take some time out of your busy life to reflect on what your future needs look like and begin mapping out a plan to help you get there.
If you wish to consider this subject further, complete the inquiry form by clicking here
and we will arrange your complimentary initial planning meeting for you.