Retirement's shifting sands

Podcast: Details

Do we really need to save $ 809,000 for each family to get some rest, according to a recent Massey University survey?

Retirement – in theory – is the time of your future years when your working life is over, you sit down, relax, set your feet, spend a lot of time with your grandchildren, learn the harp, whatever you like.

But last week an investigation was released by Massey University. Zake head on It may have brought joy to those who were about to retire from work.

“Choose a difference: Couples need $ 809,000 nest egg to retire and ‘options’ at age 65”, it was read.

“There will be a very small number of people going, ” that is not enough ‘,” says retired committee member Jane Wrightson.

“And there will be a lot of people going, ‘that’ s impossible ‘.

“Of course, the main message is: do not be afraid.”

And Things emphasized that in a the next section a few days later.

Naturally, there was more to it than that (as a marginal note, and a good rule of thumb to read beyond the title): this study analyzed the effects of retirement, and saw the amount of income, beyond what is provided by They will need to maintain living standards for 25 years, from years 65 to 90.

Your lifestyle and where you are makes a big difference to this: a family living in a rented apartment in a city that wants to have a more sophisticated lifestyle – where your basic needs are cared for, and you spend a lot of money on luxury and fun food. – requires $ 809,000.

But a family living in the most unsustainable suburbs (supposed to live anywhere outside Auckland, Wellington or Christchurch) only needs to save $ 75,000.

So, there is a big difference, but research emphasizes the need to plan for the future when it comes to retirement.

Today on Details, Emile Donovan sits down with Jane Wrightson to discuss the study; which tells us about planning for the future when people are living longer, and the importance of not taking your eyes off the ball when you think about your past years at work.

Original Article reposted fromSource link

Disclaimer: The website autopost contents from credible news sources and we are not the original creators. If we Have added some content that belongs to you or your organization by mistake, We are sorry for that. We apologize for that and assure you that this won’t be repeated in future. If you are the rightful owner of the content used in our Website, please mail us with your Name, Organization Name, Contact Details, Copyright infringing URL and Copyright Proof (URL or Legal Document) aT spacksdigital @

I assure you that, I will remove the infringing content Within 48 Hours.

Leave a Reply

Your email address will not be published. Required fields are marked *

World News

Ancelotti s’enflamme après le but de Vinicius !

Changing Our Mondial Top 10 Ligue1 Winners – Day 14 Carlo Ancelotti can thank Vinicius. After a bad start against Sevilla, Real Madrid can count on the Brazilian winner to take these three points. At a press conference, the Italian coach was delighted with his nugget: “Today, Vinicius is close to the best players in […]

Read More
World News

Israel closes borders due to spread of Omicron variant – health ministry

Israel has banned foreign nationals from entering the country for two weeks, and has begun for isolation to return to Israel amid the spread of Omicron COVID-19, Health Ministry spokespersons said Monday. Events mention reports TASS Price. “Changes to the Israeli entry system, including the ban on the entry of foreigners and the introduction of […]

Read More
World News

Snow forecast UK latest: Brits to brace for freezing temperatures as snow forecasted for December

Monday morning for a cool day Met Office future spokesman Tom Morgan said: “As Storm Arwen heads to Europe, the cold northern winds have left the UK, leading to the worst cold weather we have ever seen. “It is a very cold season on Sunday, and snow is expected to fall in parts of Scotland […]

Read More