September 27, 2021
Markets

Your six-question guide to KiwiSaver success

KiwiSaver can seem daunting to get your head around, but experts say people only have to answer six questions to make a success of it.

KiwiSaver is a modestly tax-advantaged, subsidised superannuation savings scheme.

People who save into it have their money invested in a mix of company shares on stockmarkets around the world, interest-bearing bonds, cash, and property.

They drip-feed money into KiwiSaver from their salaries through good times and bad, and if they make good choices, they should end up with a comfortable retirement.

At least, that’s the theory.

Question one: Are you in to win?

The first, and most important, question is whether you are in KiwiSaver, or give it the cold shoulder.

There are just six (or maybe seven) questions a person has to answer to achieve Kiwi Saver success.

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There are just six (or maybe seven) questions a person has to answer to achieve Kiwi Saver success.

Someone who is not in will amass a KiwiSaver nest egg of precisely zero dollars, meaning…

Read full article here: www.stuff.co.nz