|
|
Post by donkeycheese on Aug 28, 2008 16:24:40 GMT 12
whilst a lot of you will know me for my somewhat childish antics, I am actually (as of two days ago) a fully qualified Certified Financial Planner. Based in Auckland
So -if you have any questions about the following, I am happy to answer
Retirement Planning
Estate Planning
Risk Management/Insurance - incl. Key Person insurance & Buy/sell agreements
KiwiSaver
Cashflow/Budgetting
|
|
|
|
Post by Mamalicious on Aug 28, 2008 16:41:07 GMT 12
don't think I've ever seen such a serious side of you....wow...good to know donkey, thanks... ;D
|
|
|
|
Post by caronz on Aug 28, 2008 16:42:27 GMT 12
Always keen to hear ppl's view on kiwi saver & any fantastic saving ideas you've got up your sleeve donkey  ;D |
|
|
|
Post by donkeycheese on Aug 28, 2008 16:42:29 GMT 12
yeah I know
serious doesn't always suit me - or maybe because my job is so serious I balance it with stupidity on the web?
|
|
|
|
Post by Mamalicious on Aug 28, 2008 16:48:08 GMT 12
yep your views on kiwisaver for sure...I haven't bothered with it yet for myself or the kids...I've heard too many conflicting things
|
|
|
|
Post by donkeycheese on Aug 28, 2008 16:50:14 GMT 12
KiwiSaver
well, this may put the cat amongst the pigeons, but here we go:
It is, actually, a very good savings incentive. Why? Well, normal managed funds charge about 3% pa for fees (2% after tax). Groups like AMP can charge up to 7%, and Sovereign takes up to about 10% on regular savings.
KiwiSaver costs about 1% pa. No fees taken on contributions - so straight away, it is CHEAP
The issue with KiwiSaver is the liquidity - you can't get it until age of retirement.
However, even with the likely changes (I won't go into those here), if you are under 50 years old, I suggest you join to get the free $1,000 kick start - let's be honest, this is going to become compulsory (IMO).
So, if you then want guidance about which one to use, I can help there too - just let me know
|
|
|
|
Post by Roderick on Aug 28, 2008 16:50:22 GMT 12
yeah I know serious doesn't always suit me - or maybe because my job is so serious I balance it with stupidity on the web?  ;D..exactly donkeycheese...here is where we can be ourselves...relax , have a chat , and actually help one another along if possible...a hand up...not a hand down  ;D |
|
|
|
Post by donkeycheese on Aug 28, 2008 16:51:15 GMT 12
mamalicious
how old are your children - this is important! You want them to be more than 12 months away from earning under a PAYE system. My son (10 months) has joined for the free $1,000
|
|
|
|
Post by caronz on Aug 28, 2008 16:53:52 GMT 12
Yes I have kiwi saver for the kids thru westpac..
I have a 16 yr old working part time, but nothing gets contributed from his employer til he is 18... I think thats a shame
|
|
|
|
Post by donkeycheese on Aug 28, 2008 17:00:18 GMT 12
whilst I agree caronz, the important thing here is that our kids will know more about saving than we ever did. In Aussie, the contributions are (wait for it) 9%, increasing to 12%. And there is rumour that they want to increase to 15% (to make sure there is enough $ for your retirement). I know lots of people want the government to fund this, but if they fund it, then we fund it. Imagine if we could all put enough $ aside for retirement, and the tax take was then used for hospitals, education (I wish), roading etc
|
|
|
|
Post by Roderick on Aug 28, 2008 17:14:10 GMT 12
To give balance to this scheme...i am of the retirement age and actually do very well from this scheme...sort of put in a $1000 a year and get $1000 a year susidy...just a fluke of age/system...but right age in the right place AS IT WAS BOUGHT IN...it is a good idea , but when i was young , they had a similar scheme and Muldoon scrapped it , and took all the money for something or other , and i think we got a bit of our own money back if you filled out 10 forms and said 3 hail marys...
|
|
|
|
Post by Mamalicious on Aug 28, 2008 17:22:41 GMT 12
mamalicious how old are your children - this is important! You want them to be more than 12 months away from earning under a PAYE system. My son (10 months) has joined for the free $1,000 They are...son is 12 and been doing part-time paper run for 2 years...daughter is 11 (next week) and has had part-time paper run for 2 years as well...youngest is 5 |
|
