Planning
After 65

Reaping the rewards of the hard work

Age 65 has traditionally been when people aim to finish work.  However, from our experience, a number of our clients wish to continue working, to get the mental stimulation and experience of the community at work.  Other people are chafing at the bit to end work, or to change how they work.

This is the time when you reap the rewards of the hard work of repaying your mortgage (if you have chosen to be a home owner), and of contributing to your KiwiSaver and building up an investment portfolio.  This is the time to start thinking about this question in preparation for retirement: 'If it didn't matter what income you earned, what would you do with your time?

However, it can be a scary time, as you transition from having a regular income to living off those investments.  This is also the time where your money has to continue working for you, so that the purchasing power of your money keeps up with inflation and lasts as long as possible.

The change of mind-set is often difficult, and working out how to set up your income and drawings (on top of NZ Superannuation) takes time.  Moneyworks helps our clients with the technical calculations as well as adjusting to the change of mind-set. 

A core part of the work that we do with our clients is working out how long their money will last, based on their anticipated spending.  This may mean that some clients need to work a little longer to fund that future income and save a little more, but making sure that your money is well invested is crucial.

If you have surplus funds after you have retired, it may be time to think about gifting small amounts to your family on a regular basis to help them out.  After all, you could live to be over 95 - and how old will your children be then? 65? 75? - retired themselves.

Find out more about all the things that you need to consider by scrolling down the page and clicking on the different boxes.

Sustainable Investing - Climate Change and human activity and how investing can help slow down change

At Moneyworks we use the shorthand terminology 'Ethical Investing' to cover a range of investing styles that can also be referred to as 'Sustainable', 'Responsible', 'ESG (Environmental, Social,Read more

​ Banks being held responsible for fees, conduct and lending practices

Our banks are an integral part of our lives and pretty much hold us hostage with their fees and decisions, unless we choose to be part of the barter economy, or become self sufficient, we will alwaysRead more

How to retire - well, how to get ready to change your life

Our byline on our logo is 'Helping you get to and through retirement - ethically'. Yes, this is mainly about making sure that you have enough money to enable you to retire, and that if somethingRead more

Should New Zealand Superannuation continue to exist as it is?

Moneyworks was established in 1997, which was the same year that the referendum on compulsory superannuation was held as a result of Winston Peters negotiations to form a Government.  ThisRead more

Should adult children be able to challenge their parents wills?

You will have seen the headlines in the media about families at war over their parent’s wills.  The arguments of the Green familyRead more

The Dow Jones turns 125 years old

If you have been investing for some time - even it has just been in KiwiSaver, you will know that markets go up and down in value depending on market events, but over time they do increase.  This isRead more

Cyber Security issues and protections are getting far more important

As your financial adviser, we work with you to reach your goals, in particularly to get you to and through retirement - ethically (for those who want ethical investments).  But a big risk to yourRead more

Abuse of people knows no limits

We all know the stories of people being abused within closed doors, and New Zealand has the Family Violence Act (was Domestic Violence Act) to recognise the harm that abuse incurs. Email and socialRead more

Do you know what is in your insurance policy?

Fair Go and the media regularly cover situations where insurance companies don't  pay out on a claim.  Having been an intermediary between insurers and the insured party for 25 years, we have seenRead more

Some interesting things that we have read or listened to recently

This post is a little different, as it doesn't have a commentary on these articles, but they are interesting articles that might be worth a quick look at: How to dismantle the Absurd ProfitabilityRead more

Ethical Investing Update

As we have signalled, we are working on a big project this year to become internationally certified as Ethical Investment Advisers, and to be able to provide our clients with certainty over whatRead more

No more cheques - technology has taken over

You may be aware that I am quite a fan of technology and adapt technological advances (in the belief that it will make my life easier, but we all know that technology brings its own challenges - itRead more

Richard Murcott - Wellington

I have worked with Carey and Moneyworks for many years now. I value very highly the trusted financial advice Carey provides. It is always timely, tuned for my circumstances and profile, and educational. I very much appreciate this relationship, and this includes the learning founded on rock solid, consistently sound guidance.

In particular, I value the fact that she is there for me to talk to if a need arises, I have a strong sense of partnership, like having an invisible highly-trusted adviser sitting on my shoulder. I also know that she will take the initiative to advise or alert me if or when something needs to be changed or adjusted. The proactive advice and guidance is so reassuring.

That leads to peace of mind from knowing someone is there who clearly cares about my financial health and strategies.

John and Ngaire Durnford - Wellington

When we first started working with Peter about 17 years ago, we had an expectation that once we engaged you (or any other financial adviser), you would just invest for us as per our initial goals and there would be nil or very little ongoing or frequent communication with us. Also that you wouldn't be advising on insurances, private superannuation, EPA's, on-line security, etc.

The favourite feature of Moneyworks service that we look forward to and most value is the annual review meeting and how it is conducted.  The single biggest benefit from Peter and Moneyworks is their complete wrap-around financial and general all-life advice services (like a one-stop-shop for a secure lifestyle).

Eileen Barrett-Whitehead and John Whitehead – Wellington

We have been working with Carey for over ten years now and the favourite part of her service is the annual review.  The discussion makes us think and plan rather than drift.  We value the investment management that comes as part of the service.

When we first started working with Carey we had a general wariness that a financial adviser would be trying to sell a particular financial product or service and this hasn’t happened with Carey.

 

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