More New Zealanders are starting to understand the need to plan for their future. KiwiSaver was designed specifically to encourage workers to save for their own retirement and provide some incentives for those with a long term timeframe, and the ability to divert a percentage of their earnings. This will allow future governments of New Zealand to reduce payments to retirees reliant on welfare and Government Superannuation.
While we applaud the intent of Kiwisaver, what about those Kiwis, while having the desire to build future wealth, have insufficient time to build a meaningful nest egg in this way? How will they maintain a reasonable standard of living?
We believe that New Zealanders do not have to trade off their financial security or sacrifice many of the things that they value to ensure that they maintain their quality of life in retirement. The decisions you make now will have a significant impact on your levels of wealth in retirement.
It is possible to achieve a successful outcome while outlaying a similar amount to your KiwiSaver contributions. Many people will need to takes steps sooner than later to supplement their KiwiSaver investment by accumulating other income producing assets that will also appreciate in value over time.
At Circle Group we are passionate about helping people to achieve their long term financial goals. This is why we focus on three things that we know will help our clients to future wealth.
- Wealth Planning – you have to think ahead to move ahead
- Property Investment – we believe that investing in residential property when done correctly is a smart way to build wealth
- Asset Protection – we will help you to protect the things that you have worked so hard to achieve