In this episode of Money Made Simple, Jennie is joined by Tom Hartmann, personal finance lead at Sorted and part of Te Ara Ahunga Ora Retirement Commission. Together, they break down KiwiSaver in simple, practical terms to help you feel - and help you actually get - sorted when it comes to planning for your nest egg. Whether you're just starting out or have been contributing for years, this episode is packed with insight and easy-to-understand tips to get your KiwiSaver settings right. This episode covers:
- Why KiwiSaver is an investment, not just a savings account
- How managed risk in KiwiSaver can lead to better long-term rewards
- Common misunderstandings about balances, fees and fund performance
- Why percentages (like fees) can be misleading without looking at the total dollar amounts
- How to set your fund type to match your risk profile and goals
- What to do at retirement - why you don’t have to (and maybe shouldn't!) take it all out at 65
- Tools that make comparing funds and planning your KiwiSaver future easier
Resources mentioned in this episode, all thanks to Sorted.org.nz:
- KiwiSaver projection calculator: https://sorted.org.nz/tools/kiwisaver-calculator
- KiwiSaver fund finder: https://sorted.org.nz/tools/kiwisaver-fund-finder/
- Sorted's Smart Investor tool: https://smartinvestor.sorted.org.nz/
- A range of KiwiSaver guides: https://sorted.org.nz/guides/kiwisaver
- Your guide to KiwiSaver hardship withdrawals: https://sorted.org.nz/guides/kiwisaver/applying-for-a-kiwisaver-hardship-withdrawal/
This episode should help you better understand the why behind your KiwiSaver settings, the how of choosing the right fund, and the importance of sticking with your plan for the long term. With insights from one of New Zealand’s leading financial educators, we're hoping to help you grow your financial confidence one podcast at a time!
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Disclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.
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