So You think you are ready to retire?

Is your retirement on track?

Retirement looks different for everyone, but achieving your goals typically begins with considerate planning across some key areas:

Financial Foundations: Will your financial situation support your goals?

Goals and expectations: What are your goals and dreams for your retirement?

Future plans: Are you prepared for expected and unexpected situations in the future?

This quick, two-minute quiz will provide you with some insights into where to start with your retirement planning and will help you identify the areas you may want to focus on.

happy senior couple riding bicycles at summer park

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Name*

Email*

Age Bracket

Under 50

50-65

Over 65

FINANCIAL SITUATION

ASSETS & LIABILITIES

Do you have KiwiSaver or other retirement savings accounts?*

Do you own your own home?*

Do you have a mortgage?*

Do you have a rental property?*

Do you have investments (i.e., shares, term deposits)?*

Outside of your own home, what level of assets do you have to potentially fund your retirement (i.e. KiwiSaver, Rental Property etc.)?*

Why is this important?

While everyone's situation will be different, it is good to understand at a high level what you may need on top of NZ Super to live comfortably in retirement. The Retirement Expenditure Guidelines produced annually by the Massey Fin-Ed Centre in 2023, their research indicated that a two-person household living in a city would need $235,000 in savings for a no-frills lifestyle, or $969,00 for a choices lifestyle.

FINANCIAL SITUATION

ASSETS & INCOME

Are you currently earning an income?*

Do you regularly save?*

Do you have a good grasp of your expenses and where your money goes?*

Have you worked out what you will need to live on once in retirement?*

Why is this important?

It's important to understand your income and expenses and how they may change once in retirement. Once you understand where you stand today and where you are going, you can start to make informed decisions for the future, i.e. by starting a savings plan that will guide you towards your retirement goals.

GOALS & EXPECTATIONS

Do you know how you will spend your time in retirement, i.e., travel, hobbies, working, volunteering, etc.?*

If you have a spouse or partner, are you aligned on how you will spend your time?*

Do you know who you will spend your time with when you are in retirement, i.e., family, friends, association, sports clubs.?*

Why is this important?

We often focus on the financial elements of retirement when it comes to planning and forget about the non-financial aspects. Understanding what we will spend time on and who we will spend time with will give us purpose in retirement and connect your wealth to your life.

FUTURE PLAN

After answering the questions so far, how do you feel about your current retirement plan and managing your financial affairs in retirement?*

Are you confident you have a financial plan and investment strategy that will allow you to meet your future goals and maximise your retirement?*

Have you considered key estate planning and risk management aspects of your financial plan?*

Are your wills and Powers of Attorney’s up-to-date, and have you shared your plans and wishes with your family?*

Why is this important?

Whether you are in business, a professional athlete or manage a farm, a plan helps you prepare for the future and tackle obstacles as they arise. Planning for retirement is no different, a plan gives us confidence, clarity and the ability to live better lives.

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So You think you are ready to retire?

Is your retirement on track?

FINANCIAL SITUATION

ASSETS & LIABILITIES

FINANCIAL SITUATION

ASSETS & INCOME

GOALS & EXPECTATIONS

FUTURE PLAN

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