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!
---
Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!
Find us:
Instagram
Facebook
LinkedIn
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.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.