Nine Steps to Financial and Retirement Success
Over many years of working with people to help them get to, and through, retirement, we have seen the same themes come up again and again. These nine steps reflect the things that most consistently make a difference to long-term financial outcomes.
Over the years, we ran a series of seminars around what actually makes the biggest difference to people getting to, and through, retirement in good shape. These nine steps came out of those sessions and the conversations we still have with clients every day.
They are not a checklist to be completed once and forgotten. Most people move back and forth between them over time as their circumstances change.
If you focus on just two, start by being clear about your goals, and make a habit of reviewing your plan as life changes.
You can explore each of the nine steps in more detail below.
Set clear goals
Manage spending and reduce high-interest debt
Investment returns and interest rates matter
Spread your investment risk (diversification)
Protect your assets and income
Use legal and tax structures effectively
Have fun — with discipline and patience
Seek good advice
If it looks too good to be true, it usually is
Regularly review your plan
Moneyworks NZ Ltd
P: 0800 225 621
E: contact@moneyworks.co.nz
7c Hall Street, Cambridge 3434
Licensed Financial Advice Provider - FSP 15281
Regulatory Information: Moneyworks is a Licensed Financial Advice Provider (FSP15281), and AML Reporting Entity and is supervised by the Financial Markets Authority.