Planning for retirement: Gold for the silver years

New research on New Zealanders’ financial behaviour shows what we need to do to have a good lifestyle when we retire.

Print Share

15th September, 2012

In the Lower Hutt household of Heather and Rick Mawby, little money is left over at the end of the week for luxuries of any kind, let alone for aggressive investment in stocks and bonds to help fund a comfortable retirement. Forty-year-old Rick is a self-employed builder and 37-year-old Heather teaches part-time. Between them, their income this year is likely to be between $50,000 and $60,000. Heather says they are always on a “financial diet”; she tries to spend no more than $300 a fortnight on groceries, and also sets aside around $240 a month for power, $60 for meat and $200 for fruit ...

Get full access to Listener.co.nz

Subscribers can read the full version of this story.

You can subscribe and get full online access for as little as $5 per week.

Enjoy the high-quality, in-depth journalism of the Listener magazine with convenient online access. This includes access to thousands of archived articles and up-to-date TV and entertainment listings.

Our great content is available online even before it hits the shelves, and includes more focus on breaking news. With our responsive design you get a great reader experience whether you read from your home computer, tablet, or even smartphone.

Already a subscriber? Just login to read full version of this story.

Already an existing print subscriber? As part of your magazine subscription you are entitled to receive full access to the New Zealand Listener Online content. Click here for instructions on how to redeem your digital access.

Or you can subscribe now to get unlimited access to listener.co.nz.