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Keep Investments Simple, Diversified - Warren Buffett
The chairman of US investment firm Berkshire Hathaway, Warren Buffett - known for his folksy straightforward communication style - has turned to farming to recommend his winning strategy for investors to follow. Read More
House asking prices at record highA sellers' market for residential property helped to push the average Read More |
Do you have "financial adviser anxiety"Are you anxious about going to a financial adviser? Join the crowd. Th Read More |
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Former VP flips burgers in retirementIt seems like another life. At the height of his corporate career, Tom Read More |
KiwiSaver default review news comingThere's quite a lot hinging on the outcome of the default KiwiSaver re Read More |
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Financial Planning
House asking prices at record high
A sellers' market for residential property helped to push the average asking price for New Zealand homes to an all-time record high in February, according to the latest monthly NZ Property Report.
The report, compiled by real estate industry website realestate.co.nz, said the average national asking price for homes was $483,099, a 9 per cent rise on the same month last year. Read More
Do you have "financial adviser anxiety"Are you anxious about going to a financial adviser? Join the crowd. Th Read More |
Girls need plan to be super womenParents, you need to raise your girls to be better with money than boy Read More |
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FMA CEO AnnouncementThe Financial Markets Authority (FMA) today announced that CEO Sean Hu Read More |
Singles need financial safety nets tooWhy do you always write about couples' money, a reader asked. It's a f Read More |
Savings
Keep Investments Simple, Diversified - Warren Buffett
The chairman of US investment firm Berkshire Hathaway, Warren Buffett - known for his folksy straightforward communication style - has turned to farming to recommend his winning strategy for investors to follow. Read More
Girls need plan to be super womenParents, you need to raise your girls to be better with money than boy Read More |
Low equity home loans to get more expensiveThe limited supply of low equity home loans is about to become more ex Read More |
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Kiwis paying off debt faster and smarterNew Zealanders are getting better at tackling debt and spending within Read More |
Kiwis more optimistic, but don't want to spendBetter results in a consumer confidence survey suggest nearly half of Read More |
KiwiSaver
Girls need plan to be super women
Parents, you need to raise your girls to be better with money than boys.
I've been musing on the topic because this week the Commission for Financial Literacy and Retirement Income will release a report on how well the pensions system is working.
Under debate is whether to make KiwiSaver compulsory and whether the eligibility age for when you get paid the government-provided NZ Super should be raised from 65 years old to 67 or even 70. Read More
KiwiSaver default review news comingThere's quite a lot hinging on the outcome of the default KiwiSaver re Read More |
Few opt for KiwiSaver drawdownANZ Wealth says half of all savers in the three KiwiSaver schemes it m Read More |
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KiwiSaver default review news comingThere's quite a lot hinging on the outcome of the default KiwiSaver re Read More |
Retirement
Former VP flips burgers in retirement
It seems like another life. At the height of his corporate career, Tom Palome was pulling in a salary in the low six-figures and flying first class on business trips to Europe.
Today, the 77-year-old former vice president of marketing for Oral-B juggles two part-time jobs: one as a US$10-an-hour (NZ$12) food demonstrator at Sam's Club, the other flipping burgers and serving drinks at a golf club grill for slightly more than minimum wage.
While Palome worked hard his entire career, paid off his mortgage and put his kids through college, like most Americans he didn't save enough for retirement. Even many affluent baby boomers who are approaching the end of their careers haven't come close to saving the 10 to 20 times their annual working income that investment experts say they'll need to maintain their standard of living in old age. Read More
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