This is not financial advice

and I am not a financial advisor.

What we'll cover

  • Kiwisaver
  • Retirement & Retirement Calculator (NZ Super)
  • How much do you spend? (and where?)
  • FU Money (a.k.a emergency fund)
  • FIRE (flavours of)

Kiwisaver

  • Get your employer match (as long as it's not coming out of your base salary)
  • Get the government match
  • No point in doing anything more. Consider parallel investments.
  • Also:
  1. What provider are you with?  Is it low cost?
  2. I like simplicity, there are lots of others.
  3. Consider your risk appetite and timeframe

Retirement

  • https://sorted.org.nz/tools/retirement-calculator/
  • https://www.massey.ac.nz/documents/2145/new-zealand-retirement-expenditure-guidelines-2024.pdf

Retirement

Retirement

So, about $1000/week you want extra _above_ NZ Super (hopefully it still exists).  How much do you need to save to get that?

Retirement

https://supercalcs.co.nz/ris9/mst-kiwisaver/graphs

How much do you spend?

  • Pocketsmith (I haven't used it, but, people talk about it)
  • gnucash - because I'm old skoool
  • https://plaintextaccounting.org/What-is-Plain-Text-Accounting

TLDR: consider doing something

Having an idea of your expenses is key to knowing how much you need to survive for X months without a job etc.

FU Money

for me, a years expenses in a cash account.  It's basically your emergency fund.

FIRE

Financially Independent Retire Early

Concepts:

  • 4% rule (quite American based - FIF tax)
  • But, basically, invest enough that you can live off the growth.
  • Other fires:  Barista FIRE, Coast FIRE, Fat FIRE etc.

also for an NZ slant (and general decent financial stuff - https://www.thehappysaver.com/

Coast FIRE

https://walletburst.com/tools/coast-fire-calc/

Coast FIRE is when you have enough in your retirement accounts that without any additional contributions, your net worth will grow to support retirement at a traditional retirement age.

note: this calculator gets you to full FIRE at your retirement age, however, you probably don't need that much.

52K = 90K - Super (ish)

Thanks

And remember, I'm not a financial advisor. Stocks can go up as well as down, and do. You need to be able to sleep...

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